Karnataka expecting Rs 10 lakh cr investment commitments in investor meet: Minister MB Patil
Bengaluru (PTI): Karnataka is expecting to sign investment commitments of about Rs 10 lakh crore with an array of industries at its biennial investor meet this week, aimed at showcasing the state's industrial potential, M B Patil, Minister of Large and Medium Scale Industries, said.
The Invest Karnataka 2025 -- Global Investors Meet (GIM 2025), scheduled from February 11-14 in Bengaluru, aims to position Karnataka as a premier global investment hub.
"We are expecting around Rs 10 lakh crore in investments, with at least 70 per cent converting into reality (and) not just (remaining) on paper," he told PTI Videos.
On the theme of the summit 'Re-Imagining Growth', Patil said this "because today we are in a stage where our world is moving towards tech-driven, green, inclusive, and more importantly, resilient growth. Because we are in a situation... (these are) challenging times. There is a war in Ukraine and Russia, then the Israel-Gaza conflict, (US President) Trump's policies, China plus one, two years (post recovery from) Covid-19, and more importantly, artificial intelligence, clean mobility coming in".
"EVs and green hydrogen will take centrestage. Diesel, petrol, and all fossil fuels will be phased out. So these are challenging times, how do you adapt to that? We have a very strong system, which has to be resilient to all these changes. So we have this investors meet in these challenging times," he said.
The inaugural session will be on February 10 at 4 pm.
"The governor will be there with his auspicious presence. Chief Minister Siddaramaiah will be presiding, and Union Defence Minister Rajnath Singh will be inaugurating. Many central ministers are going to participate, some on 12th, some on 13th, and some on 14th. State ministers, industrialists, and big names will all be participating in this meet," he said.
February 12 and 13 will feature business sessions, including a semiconductor summit. On February 12 evening, there will be an award function recognising industries that have contributed to Karnataka's growth.
On February 13, there will be multiple sessions and roundtables, including the Queen's City roundtable. The event will conclude on February 14 with awards for ventures and key contributors.
As many as "19 countries are participating, with 9 of them having their pavilions here. It will be a meaningful forum, with 60+ speakers sharing insights," he said.
The minister said Karnataka is already a leader in IT, biotechnology, electronics, machine tools, aerospace, and defense. "We aim to continue leading in India and compete globally."
Karnataka, he said, has always been a fertile ground for industries to thrive. "Challenges exist, but we are addressing them. Semiconductor, AI, and automation will play a key role in industries from mobile manufacturing to heavy industries. We are unveiling an industrial policy with flexible incentives -- either production-linked or capital-based, as per investor preference."
"We are offering incentives for employment, especially for women. R&D that translates into manufacturing will get an additional 10 per cent incentive. Sustainability and green manufacturing initiatives will also receive incentives," he said, adding that a single-window portal developed by Microsoft will streamline approvals.
The portal integrates all departments, reducing approval time by half. "Everything will be available at the touch of a button, significantly improving the ease of doing business. Karnataka will be among the best states to do business," he said.
"We are open to all sectors and all countries. We are not restricted to any one industry -- our doors are open for investments across sectors and geographies," he added.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Screenwriter Salim Khan on ventilator support and stable, say doctors
Mumbai (PTI): Veteran screenwriter Salim Khan suffered a brain haemorrhage which has been tackled, is on ventilator support as a safeguard and stable, doctors treating him said on Wednesday, a day after he was admitted to the Lilavati Hospital here.
The 90-year-old, one half of the celebrated Salim-Javed duo which scripted films such as "Sholay", "Deewar" and "Don" with Javed Akhtar, is in the ICU and recovery might take some time given his age.
"His blood pressure was high for which we treated him and we had to put him on a ventilator because we wanted to do certain investigations. Now the ventilator was put as a safeguard so that his situation doesn't get worse. So it is not that he is critical," Dr Jalil Parkar told reporters.
"We did the investigations that were required and today we have done a small procedure on him, I will not go into the details. The procedure done is called DSA (digital subtraction angiography). The procedure has been accomplished, he is fine and stable and shifted back to ICU. By tomorrow, we hope to get him off the ventilator. All in all, he is doing quite well," he added.
Asked whether he suffered a brain haemorrhage, the doctor said, "Unko thoda haemorrhage hua tha, which we’ve tackled. No surgery is required.
As concern over Khan's health mounted, his children, including superstar Salman Khan and Arbaaz Khan, daughter Alvira, and sons-in-law Atul Agnihotri and Aayush Sharma, have been seen outside the hospital along with other well-wishers. His long-time partner Akhtar was also seen coming out of the hospital.
Khan, a household name in the 70s and 80s, turned 90 on November 24 last year. It was the day Dharmendra, the star of many of his films, including "Sholay", "Seeta aur Geeta" and "Yaadon Ki Baraat", passed away.
Hailing from an affluent family in Indore, Khan arrived in Mumbai in his 20s with dreams of stardom. He was good looking and confident he would make a mark in the industry as an actor. But that did not happen. And then, after struggling for close to a decade and getting confined to small roles in films, he changed lanes.
He worked as an assistant to Abrar Alvi and soon met Akhtar to form one of Hindi cinema's most formidable writing partnerships. They worked together on two dozen movies with most of them achieving blockbuster status.
Other than "Sholay", "Deewar" and "Don", Khan and Akhtar also penned "Trishul", "Zanjeer", "Seeta Aur Geeta", "Haathi Mere Saathi", "Yaadon Ki Baarat" and "Mr India".
