Karnataka holds number one position in FDI inflow, says CM Bommai ahead of Davos visit
India Today
Before leaving for Davos to take part in the World Economic Forum's annual meeting, Karnataka CM Bommai said his state had received the highest foreign direct investment (FDI) this quarter.
Karnataka Chief Minister Basavaraj Bommai on Sunday boasted about the state's number one position across the country in attracting Foreign Direct Investment (FDI) inflow, as he departed to the Swiss ski resort town of Davos, to take part in the World Economic Forum's annual meeting.
He expressed confidence about attracting more investments into the state from this visit, and during the Global Investors Meet scheduled to be organised in November.
The Chief Minister is leading a delegation from the state to Davos, comprising Industries Minister Murugesh Nirani, Information Technology and Biotechnology (IT/BT) Minister C N Ashwath Narayan, and top officials.
"We will be leaving Sunday and from Monday sessions will start there (WEF). On Monday, there is one session and another one on May 24, we will be attending both. We will be meeting several world leaders and industrialists there," Bommai told reporters before leaving for Davos.
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Noting that in the quarter ended recently, the highest Foreign Direct Investment has flown into India, which is good news, he said, "Karnataka stands number one in that, like last four quarters, during this quarter too Karnataka has received highest FDI. So, we are encouraged, several foreign and Indian industries are keen on investing in Karnataka. We are confident of getting a good response during the Global Investors Meet scheduled for November."
The government will be taking all the measures to see to it that it not only signs MoUs, but industries actually get established in the state, he added.
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