Invest Karnataka 2025: 18 countries to participate, Rs 10 lakh cr investment proposals expected
Bengaluru, Feb 3 (PTI): Karnataka Deputy Chief Minister DK Shivakumar announced on Monday that the Global Investors’ Meet – Invest Karnataka 2025, set to be inaugurated on February 11 at is expected to attract investment proposals worth Rs 10 lakh crore.
Chairing a meeting to review the preparations and interdepartmental coordination, Shivakumar stated that 18 countries will participate in the state government’s flagship event.
"Over 2,000 investors have already registered, and around 60 speakers will address key topics. In the event, nine countries will set up dedicated pavilions to showcase their industries and investment potential," he said.
Shivakumar highlighted the extensive efforts undertaken by Industry Minister MB Patil, who has been actively involved in ensuring the success of the event.
Patil has led delegations to the US, South Korea, Japan, Singapore, and several European nations, conducting roadshows and interactive meetings with potential investors.
Addressing a press conference here, Patil said that invest Karnataka meet happens every year but this year's event will be different from the previous year because all the states are participating.
"We are planning to make it more meaningful. The Global Investors' Meet 2025 will be based on a theme 'Reimagining Growth'. It will be based on four verticals: Tech Driven, Green, Inclusive and Resilient," he said.
Drawing inspiration from the World Economic Forum (WEF) in Davos, the Minister said will see the unveiling of new policies and initiatives, with a strong focus on ensuring that three-fourths of the proposed investments are implemented on the ground.
To facilitate smooth networking and business interactions, the event inauguration has been scheduled for the evening of February 11. There will be dedicated business sessions on February 12 and 13, he said.
"We are also bringing in a new industrial policy. The highlight of the new industrial policy is that we are offering flexible incentives based on turnover or capital investment. We are also offering incentives on employment and additional incentives for women employment," he said.
"Sustainability goals and 'Beyond Bengaluru Project' will also get incentives. There will be an additional three percent incentives on investments in backward and five per cent in extremely backward regions. There will be 10 percent incentives for those manufacturing firms who have Research and Development units," the Minister said.
Patil also announced the introduction of business-friendly reforms, including ease of doing business measures and a revamped Single Window System.
Additionally, efforts will be made to encourage Research & Development (R&D) centers and Global Capability Centers (GCCs) in Bengaluru to engage in local manufacturing. Special emphasis will be placed on green energy and the development of the electric vehicle (EV) ecosystem," he said.
Sharing further details about the event, the Minister said that many companies have confirmed their participation and Kumar Mangalam Birla, Anand Mahindra and Kiran Mazumdar Shaw will be attending the event.
"We have invited many union ministers. We also invited Prime Minister Narendra Modi to attend the event but since he has to travel to Paris, he would not be able to attend," he said.
Patil said that there will be more than 25 session with over 60 speakers participating in the event. The Karnataka government has also tied up with economists.
"About 16 countries are participating and nine are going to set up their pavilion. Wide range of speakers from various fields and top companies would speak," he said.
Noting that 'VentuRISE' will be organised as Startup Challenge where industries will give problem statement to the startup companies to solve, the Minister said, "It will carry a prize of USD one lakh each for three verticals of electronics, aerospace and defence, and Electrical Vehicles. industries will sponsor this cash prize. Various business meets will take place," he said.
Regarding the potential investments in Karnataka, he said that the state government has got a commitment of Rs seven lakh crore and an additional investment commitment of Rs three lakh crore is expected.
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Dube, Chakravarthy star as India end league stage with 17-run win over Netherlands
Ahmedabad (PTI): Shivam Dube played a momentum changing knock before Varun Chakravarthy produced another incisive spell to set up India's convincing 17-run victory over the Netherlands in their final league fixture of the T20 World Cup here on Wednesday.
Despite the top-order struggles against off-spinner Aryan Dutt, India managed to make a challenging 193 for six courtesy the fireworks from Shivam Dube (66 off 31) in the second half of the innings.
The Netherlands were always behind in the chase and doors on them were shut by Chakravarthy (3/14 in 3 overs), who did the damage in the powerplay as well as in the middle overs.
Staying true to his strength, the mystery spinner relentlessly attacked the stumps, removing Colin Ackermann and Aryan Dutt in successive balls in the 13th over to leave the Netherlands at 94 for four.
Soon after, a well set Bas de Leede and captain Scott Edwards were dismissed, snuffing out all hopes for the associate nation who ended their campaign with three losses and a solitary win.
Zach Lion-Cachet (26 not out off 16) and Noah Croes (25 not out off 12) made things more interesting in the death overs but were left with too much to do despite collecting 18 runs from Hardik Pandya in the 19th over.
Expecting tougher battles ahead, Suryakumar Yadav chose to give the final over to Shivam Dube over Jasprit Bumrah. Despite two dropped catches, Dube was able to defend 28 off the last six balls as the Netherlands ended at 176/7 in 20 overs.
Overwhelming title favourites India now head into their opening Super 8 game against South Africa here as the only unbeaten team from Group A. However, they still have work to do against the spinners.
Opting to bat, India were hoping for Abhishek Sharma's return to form ahead of the Super 8, but the left-hander had to endure his third consecutive duck in the tournament. In the form of his life not so long ago, he is yet to score a run in his maiden ICC event.
It was the off-spin of Namibia captain Gerhard Erasmus, Usman Qadir and Saim Ayub that had troubled the Indians in the previous league games. On Wednesday, it was the turn of Indian-origin offie Dutt to shine against a star studded home team at the world's largest cricket stadium.
On the eve of the match day, the Indian batters focussed on their game against the spinners in the nets but going forward, they still have work to do.
While Dutt was the standout bowler, the variations used by the Netherlands pacers also tested the Indians.
Dutt, who is used to opening the bowling, was employed for three overs in the powerplay to counter the left-handed trio of Abhishek, Ishan Kishan (18 off 7) and Tilak Varma (31 off 27).
Having played two dot balls in the opening over, Abhishek went for the pull off a faster ball from Dutt only to see his stumps disturbed.
The in-form Kishan was quick to get off the blocks before falling to Dutt in a bizarre fashion. Trying to dispatch Dutt on the leg-side, Kishan played on to his stumps with the ball ricocheting from his thigh and elbow.
Tilak, who started with a crisp straight six off pacer Logan van Beek, fell to the same bowler in the ninth over with 41-year-old Roelof van der Merwe taking a stunner at long-off.
India would have been four down inside 10 overs had Michael Levitt not dropped a sitter off van Beek when Suryakumar Yadav (31 off 27) was on 13.
Having stuttered to
74/3 in 10 overs, Dube gave the innings the much-needed steam with half a dozen sixes, most of them in the cow corner region. He too was tested by Dutt initially before clearing his front leg to get a free flow of the arms to clear the ropes at will.
Dube shared a 76-run stand with Hardik (30 off 21) to provide the push in the last five overs that yielded 75 runs.
