Karnataka nets Rs 6,450 crore investment commitment from Japan and South Korea: Minister MB Patil
Bengaluru, Jul 10: Karnataka has secured Rs 6,450 crore in investment commitments from Japan and South Korea with potential to create more than 1,000 jobs, Minister M B Patil said on Wednesday.
The Large and Medium Industries and Infrastructure Development Minister was on a visit to the two countries from June 24 to July 5.
The Karnataka delegation he had led met industry leaders and conducted roadshows for Small and Medium Enterprises (SMEs).
“We have received investment commitments and MoUs worth Rs 6,450 crore. These commitments from six major companies are projected to create over 1,000 jobs in Karnataka,” Patil told reporters.
ALSO READ: MUDA ''scam'': CM Siddaramaiah rejects BJP's demand for CBI probe, says it's a "non-issue"
He said the delegation met more than 35 industry leaders and 200 companies in the two roadshows conducted in Japan and South Korea.
In Japan, the delegation met with key industry leaders including those from Renesas Electronics Corporation, Toyota Motor Corporation, Yamaha Motor Company, Sumitomo Heavy Industries, Panasonic Energy, Nidec Corporation, Nissan Motor Corporation, Brother Industries, Shimadzu Corporation, and Hitachi, Patil said.
In South Korea, meetings were held with Samsung Electronics, LG Energy Solutions, LX Electronics, NIFCO Korea, OCI Holdings, Krafton, HYAC, Hyundai Motors, YG-1, and Hyosung Advanced Materials, among others.
Patil said Osaka Gas has committed to expanding its gas distribution infrastructure in Karnataka with an investment of Rs 5,000 crore over the next five years.
DN Solutions signed a Rs 1,000 crore MoU to establish a manufacturing facility for precision tools and automation systems, expected to create approximately 350 jobs.
Japanese automobile component supplier Aoyama Seisakusho too expressed its interest to invest Rs 210 crore to set up a manufacturing facility in the Japanese Industrial Township in the State, Patil said.
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.
Punishment for those disrupting assembly proceedings, warns Speaker UT Khader
Belagavi: Speaker U.T. Khader on Friday warned that members who disrupt Assembly proceedings by talking in their seats during debates will be made to sit in the House for an entire day as a disciplinary measure.
The warning came after the Question Hour, when Deputy Leader of the Opposition Arvind Bellad was permitted to initiate a discussion on the development of North Karnataka.
At this point, expelled BJP MLA Basanagouda Patil Yatnal objected, stating that he had been seeking a debate for the past three days but had not been given an opportunity.
ALSO READ: IndiGo board ropes in external aviation expert for flight disruption probe
Responding to the objection, Speaker Khader said Bellad had already been granted permission and assured Yatnal that he would be allowed to speak at the next opportunity. He noted that even as a serious discussion was underway, several MLAs were speaking among themselves with their microphones on, disrupting the proceedings.
Expressing displeasure over the conduct of members, Khader likened the situation to football, where players receive red, yellow, or white cards for violations. Similarly, he said, the Assembly issues warning cards to members who disturb the House. If they fail to correct themselves despite repeated warnings, they would be required to remain seated in the Assembly hall for a full day as punishment, he stated.
