Karnataka govt working to make state top investment destination: Basavaraj Bommai

Karnataka govt working to make state top investment destination: Basavaraj Bommai

Bommai said the government is quietly working on various sectors which can attract investors in a big way

AgenciesUpdated: Sunday, May 08, 2022, 12:15 PM IST
article-image
Karnataka Chief Minister Basavaraj Bommai said the state is seeking investment in key technology areas. | File pic

Karnataka Chief Minister Basavaraj Bommai said the state government will ensure that the state becomes the top destination for the foreign and national investors. On Saturday, the Chief Minister spoke to ANI after he participated in a programme where the international automobile giant Toyota signed an agreement to invest Rs 4800 crore in the state.

Bommai said the government is quietly working on various sectors which can attract investors in a big way. The sectors include IT, electronics, semiconductors, and electric vehicles. ''We will encourage investments in these sectors with our attractive offers,'' he said. The Chief Minister mentioned that last week a mega agreement was signed with a semiconductor company and now an agreement has been signed with Toyota.

"We will soon have an agreement for electric vehicles and Karnataka will be a hub for electric vehicle manufacturers,'' he noted.

The state is seeking investment in key technology areas. ''A company like Toyota coming forward to invest in Karnataka shows that the state is investor-friendly. This is a message to the entire world,'' he added.

(With ANI inputs)

RECENT STORIES

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%