Bangalore - Annual Global Investors Meet [Archive]

gentem

June 1st, 2010, 05:40 AM

Over 95% of investments beyond Bangalore

http://img338.imageshack.us/img338/7186/getimagedll.jpg

Successive state governments in the past five-six years have tried to spread development beyond Bangalore, with little success. But this time around, industry thinks it could be different.
Sujit John | TNN

Bangalore: One of the biggest beneficiaries of the Global Investors Meet may be citizens of Bangalore. Eventually.
Almost 95% of the nearly 3.5 lakh crore of investment proposals that have come in the run up to the GIM is outside this city. Which means, as these projects come up, there will be less and less incentive for those in other parts of Karnataka to crowd into Bangalore.
That will be a huge relief to Bangaloreans concerned about the city’s growing congestion, its disappearing greens and the growing pollution levels. And going by development paradigms too, it’s in the right direction — it evens out development across the state. That’s something that Tamil Nadu, for instance, has accomplished better, with regions like Coimbatore-Tiruppur, Salem, Trichy, Krishnagiri-Hosur, and Madurai.
“It’s good that investments are going to other regions in Karnataka,” says J Crasta, president of FKCCI. “Bangalore is already congested. If the government is able to provide the necessary infrastructure and connectivity, and the GIM projects take off, not only will the trend of rural people coming for jobs into Bangalore stop, it may also encourage many in Bangalore to move to those other regions.”
Successive governments in the past fivesix years have tried to spread development beyond Bangalore. But the initiatives remained largely on paper. About three years ago, the Karnataka government announced 1000 MW power projects at Mysore, Javrgi (Gulbarga) and Almatty. Investors like Reliance, L&T, Bhoruka, Essar and many others submitted proposals, but the projects did not take off. “Similarly, 7-8 food parks were announced, but we don’t hear anything about them now,” says R C Purohit, director in the Bhoruka Group that has interests in power and steel. Dharwad, he says, was hoping to attract many autoparts investments, but nothing significant came.
However, many in industry, including Purohit, think it could be different this time, given that efforts have never been this focused. “It’s not individual projects, but a sincere effort to attract investors and sign MOUs at a public function (GIM). The CM is trying hard to prove his development mantra. The industry minister himself is an industrialist and has the support of experienced bureaucrats like Baligar. So the story may be different this time,” says Purohit.
Aroon Raman, chairman of CII Karnataka, agrees: “This time, I’m more optimistic.” He points out that for the GIM roadshow in Hyderabad, the government brought along the district commissioners of Yadgir, Raichur, Bidar and Gulbarga. “They were all youngsters, good professionals, and they projected their areas in a very positive way. It shows the government is empowering local administrations, and if that continues, I’m sure the promised investments will also happen and the state will get the desired spread of development.”
One caveat is necessary though. The 95% figure mentioned at the beginning of this article is a little misleading. Almost 50% of the total proposed investment is accounted for by one district — Bellary, which has attracted many steel projects, including ArcelorMittal’s Rs 30,000 crore project. Bagalkot, the other steel and cement destination, accounts for another 10.5%. Belgaum and Gulbarga account for about 5% of the total, and Raichur and Bijapur about 3-3.5%. The big projects will also encourage many ancillary industries to come up around them.
So, the spread of investment may not be as even as development economists and people may like it to be. But it would still be better than what prevails.
Times Of India 01-06-2010 p20
http://epaper.timesofindia.com/
More than 10k crore are marked in red.

nandan_ks

June 1st, 2010, 07:21 AM

Govt Machinery Burns Midnight Oil To Ensure GIM’s Success
Manu Aiyappa | TNN

Bangalore: The countdown for the state’s biggest economic conclave has begun. All roads are leading to Palace Grounds, venue of the second edition of the two-day Global Investors’ Meet (GIM), 2010.
A week ago, an ambitious beautification plan was launched to ensure the venue is in pristine condition before June 3, when the mega-event begins. “Apart from cleaning the venue, beautification and asphalting work have been taken up. It’s a real challenge for us to galvanize men and the latest machinery, and have a venue fit enough to host the international event,” said industries minister Murgesh Nirani, who is monitoring the preparations.
Chief minister B S Yeddyurappa, who visited the venue on Tuesday to inspect work, agreed: “Preparations are on in full swing. We are confident the event will be a big hit and the state will be able to draw investment of around Rs 3 lakh crore.”

VITAL STATISTICS
The focus has been to turn 50,000 sqft of the 1-lakh-sqft venue into a high-tech hub with optic-fibre cable connections, a large makeshift air-conditioned room and exhibition halls to accommodate 3,000-odd delegates.

Organizers said the main stage where official businesses will be conducted can seat more than 3,000 people. The venue will have four main session halls with a capacity of 400 people each, an exhibition area to hold 120 stalls, dining area, lounges for meetings, along with space for registration and a media centre.

A special hall to sign memoranda of understanding (MoUs) has been set up at the venue. The state expects to endorse about 400 MoUs at the meet for an estimated investment of Rs 3 lakh crore.

The horticulture department is looking into refurbishing gardens and decorating the venue with flowers. An entertainment and a cultural fair enclosure portraying Karnataka’s rich heritage is also part of the grand plan. There will be additional two feeders to provide uninterrupted power supply.

Steps are being taken to accommodate parking of 5,000 four-wheelers and 10,000 two-wheelers, with entrance from Vasanthnagar and exit through Jayamahal.

DESIGN DETAILS

A makeshift AC room and exhibition halls to accommodate 3,000-odd delegates
Venue to have four main session halls with a capacity of 400 people each
Special hall to sign memoranda of understanding
An entertainment and a cultural fair enclosure portraying Karnataka’s rich heritage
Additional 2 feeders to provide uninterrupted power supply

http://epaper.timesofindia.com/Repository/getimage.dll?path=TOIBG/2010/05/31/5/Img/Pc0050700.jpg

vinblr

June 1st, 2010, 09:02 AM

Feel elated to hear about investments to be done in almost all the districts of the state :)

vinblr

June 1st, 2010, 09:08 AM

vinblr

June 1st, 2010, 09:09 AM

State rolls out the red carpet for investors
Bangalore: May 31, DHNS:

The State Government is working overtime to make preparations for the Global Investors’ Meet (GIM), the State’s biggest business conclave, on June 3 and 4 at the Palace Grounds.
Workers are labouring round-the-clock to put up the main business stage with capacity to hold 3,000 people, where official businesses will take place. Also under construction are four session halls with 400 people capacity each and a mega exhibition hall to accommodate nearly 120 stalls. A dining area and meeting lounges along with space for registration and a media centre are also being put up.

According to the organisers, nearly 50,000 sq ft area at the venue will be turned into a high-tech hub to enable investors to do business. A separate hall is being put to sign memoranda of understanding (MoUs) during the event. The State Government is expecting to over 3,000 delegates from across the globe and hopes to sign nearly 400 MoUs.

Horticulture Department staff will decorate the venue with flowers and ornamental plants. An entertainment and a cultural fair enclosure portraying the State’s rich heritage are also being put up. Arrangements are being made for parking 5,000 four-wheelers and 10,000 two-wheelers with entry from Vasanthanagar gate and exit from Jayamahal gate.

Bank loans
Industries Minister Murugesh Nirani inspected the preparatory work on Monday.
He told reporters that all steps have been taken to ensure that the GIM is a grand success. “We are also ensuring the presence of almost all nationalised banks at the event to facilitate investors approach them with their proposals seeking loans,” he said.
Of the expected Rs four lakh crore investment, investors would be looking for term loan from banks to the tune of Rs 1.5 lakh crore. All nationalised banks have agreed to extend support in this regard. The Syndicate Bank has recently assured the government that it is ready to extend the term loan up to Rs 6,000 crore to investors, Nirani said.

The minister said steps have been taken to create a land bank, making available skilled manpower and creation of industrial corridors to expedite the investment process. Reforms have been brought in with respect to the project clearance system. With these facilities, the Government is confident of implementing at least 60 per cent of the project proposals in next two to four years, he added.

The minister said a 10-member delegation from Tata group met top officials of the Government on Saturday to discuss their investment plans involving Rs 10,000 crore in various sectors. He further said investors can file their applications till 12 noon of June 4 for the Government to process them. Another High Level Clearance Committee meeting will be held on the same day to clear projects.]
“If an application is from a reputed company, it will be processed immediately and if possible, the MOU will also be signed,” Principal Secretary to Commerce and Industries V P Baligar said.
DH News Service

220 projects get green signal
The State Government has cleared 220 projects, each with investment more than Rs 50 crore in the last two years.
The government is expecting an investment of more than Rs 4.5 lakh crore if all projects are executed.

http://www.deccanherald.com/images/editor_images/June%202010/june%201%202010/investors-list-2_1.jpg

Cultural programmes
Cultural programmes will entertain the investors gathered for the two-day event. Renowned cultural troupes will perform after the official deliberations on both the days. A special 45-minute dance drama titled Karnataka Vaibhav on the architect of Bangalore, has been choreographed by popular dancer Dr Maya Rao. The presentation focuses on history of Karnataka and its rich heritage.
Wellknown musician Pandit Narasimhalau Vadavati (Clarionet), Suma Sudheendra (Pancha Veena) and Dr Mysore Manjunath (Violin) will perform on the occasion. Popular singer Kikkeri Krishnamurthy and his troupe will recite Naadageethe in the inaugural session.

http://www.deccanherald.com/images/editor_images/June%202010/june%201%202010/investors-list-1.jpg

nandan_ks

June 1st, 2010, 10:16 AM

Over 95% of investments beyond Bangalore

http://img338.imageshack.us/img338/7186/getimagedll.jpg

Its only chamarajanagar, that is not getting any project :ohno: given the forest cover in the area, it should have also been promoted under Adventure tourism

gentem

June 1st, 2010, 10:58 AM

^^ Coorg also zero :) We should conserve forests... Bijapur got 10.7k crore, should have been marked red in the pic.

North Karnataka is center of whole south india geographically. Cement and steel people will save transportation cost.

sudheeshnairs

June 1st, 2010, 08:34 PM

Feel elated to hear about investments to be done in almost all the districts of the state.

For the first time seeing hopes of Gujarat model of development in Karnataka...

Wish our CM Yediyurappa, his ministerial team and his party BJP the very best for Global Investors Meet,2010...:):)

Fully second that. Way to go BSY:cheers:

avinash2060

June 2nd, 2010, 01:46 AM

BANGALORE: As many as 55 companies have proposed to invest over Rs 12,353 crore in Karnataka, India's knowledge hub and a favourite destination of IT and biotechnology (BT) sectors.

"We have received investment proposals worth Rs 11,000 crore from IT firms and Rs 1,353 crore from biotech firms. Among them are Infosys, Wirpo, TCS and Tata Elxsi," state IT and BT minister K Subramanya Naidu told reporters here on Tuesday.

The IT bellwethers, which are already present in the state, are expanding their operations with additional software development centres in this tech hub.

The state government will enter into memoranda of understanding with 55 IT and BT firms at the Global Investors Meet (GIM 2010) June 3 to set up operations in the proposed Information Technology Investment Region (ITIR) at Devanahalli near the Bangalore international airport.

"Many developers have come forward to set up IT parks in the ITIR, which will be 2,200 acres in the first phase. We hope to create three million direct and indirect jobs in the region in two phases," Naidu said.

The state government will constitute a management board to govern the ITIR and the state empowered committee under the chairmanship of the chief minister will be the apex body on all matters related to the ambitious project.

The project report on ITIR, prepared by global consulting firm Deloitte, is awaiting approval from the central government.

"The region will have an integrated township with modern amenities, especially road and metro rail connectivity to ferry people faster between the city and Devanahalli, about 35-40 km away," Naidu said.

To decongest Bangalore and promote tier-2 and tier-3 cities across the state, the government is setting up the first special economic zone (SEZ) for IT at Shimoga in central Karnataka, about 270 km from here.

"The US-based Xchanging Technology Services Ltd has applied for land (six acres) to set up its operations in the proposed IT SEZ at Shimoga," Naidu said.

"Makado Energy and Silver Gem Energy Diodes Ltd will be the first two units to be set up under the semicon policy. The US-based leading semicon firm Applied Materials, which has a subsidiary in India, has evinced interest in setting up its facility in the state," Naidu said.

A Characterisation Lab, which deals with nanotechnology, will be set up at Orchid Tech Space under the Software Technology Parks of India (STPI) in the electronics city on the outskirts of Bangalore.

To encourage entrepreneurs and promote start-ups, the state government has decided to allot Rs.25 crore to its venture firm -- Kitven (Karnataka Ventures) fund.

"We are also setting up a fund with a seed capital of Rs.10 crore to encourage research and development (R&D) activities in the semiconductor sector," Naidu added.

R2IChennai

June 2nd, 2010, 01:59 AM

Fantastic !! BJP states are kicking some butt
Hope others learn from this

think-tank

June 2nd, 2010, 06:45 AM

wow, I can't wait to see Bangalore rankings in a couple of years.

nandan_ks

June 2nd, 2010, 11:47 AM

On the advantagekarnataka site, the link to the tourism website is wrong :bash: :bash:

http://www.advantagekarnataka.com/travel_and_tourism.html

gentem

June 2nd, 2010, 12:54 PM

http://www.advantagekarnataka.com/testimonials.html

See reputation of bangalore !
Bangalore is geographical center of south india. All andhra/tamil nadu/kerala are within overnight journey...

avinash2060

June 2nd, 2010, 08:05 PM

Srikanth Hunasavadi / DNA Wednesday, June 2, 2010 9:03 IST\
Bangalore: Chief minister BS Yeddyurappa on Tuesday said that the central government had given its in-principal approval to the proposed Information Technology Investment Region (ITIR) project.
The tech park would be set up between Doddaballapur and Chikkaballapur, near the Bengaluru International Airport, he said, adding that Keonics would be appointed as the nodal agency for executing the project.
The project is expected to attract an investment of Rs2 lakh-crore, information technology and bio-technology (IT&BT) minister Katta Subramanya Naidu said on Tuesday, adding that it would have an employment potential of over three million.

“The ITIR will come up on a geographical area of about 40 square kilometers, and will spread across 10,000 acres. Over 57 IT companies, including Infosys and Wipro, have evinced interest in setting up operations in the region. The ITIR will be an integrated IT city with excellent physical and social infrastructure,” the minister said.

The ITIR will be governed by a management board. There will also be an apex body to take decisions on all matters related to the project.

It will have representatives of both the central and the state governments, and a management board.

“We have already identified about 10,000 acres for the project and a preliminary notification has also been issued in respect of 2,100 acres,” Naidu said, adding that the project would kickstart in a month’s time.

Apart from the road and rail connectivity, a mini airport will also be constructed near the ITIR. “Infrastructure will be developed with assistance from the Centre. The state government is planning to invest Rs40,000 crore in the first phase, and Rs1,40,000 crore in the second phase of the project,” IT&BT secretary Ashok Kumar Manoli said.
source:http://www.dnaindia.com/bangalore/report_centre-clears-decks-for-itir-project-in-bangalore_1390886
:banana::banana::banana::banana::banana::banana::banana::banana::bash::bash::bash::bash::bash::bash:

HedonistAtBlr

June 2nd, 2010, 08:37 PM

^ :cheers1:

vinblr

June 3rd, 2010, 02:46 AM

krinix

June 3rd, 2010, 03:30 AM

Cant believe they are boasting about the yet to be completed metro in the Meet.
But I am glad about the Meet on a whole. Looks like they dont want Congress to have the slightest of chances in the future in Karnataka.
Good Going Lotus, But Yeddi please dont become another Modi.

gentem

June 3rd, 2010, 06:01 AM

avinash2060

June 3rd, 2010, 10:26 AM

he Global Investors Meet (GIM), expected to bring in Rs 5 trillion (Rs 5 lakh crore) to Karnataka in the next four-five years, began here on Thursday with the state rolling out a red carpet to global firms and India Inc.

A galaxy of big ticket investors led by ArcelorMittal founder Lakshmi N. Mittal is attending the meet, inaugurated by Bharatiya Janata Party leader and leader of opposition in the Rajya Sabha Arun Jaitley. Other leading industrialists at the two-day meet included Aditya Birla Group Head Kumaramangalam Birla, ESSAR Group Chairman Sashi Ruia, UB Group Chief Vijay Mallya, Former Confedration of Indian Industries President Venu Srinivasan, Infosys CEO Kris Gopalakrishnan and Wipro Chairman Azim Premji, Baba Kalyani of Bharat Forge, Sajjan Jindal of JSW steels.

In his brief address, Jaitley said there was competition for investment not only among the states in India but among countries. "Investments will have to return reasonable profit without which no investor will come forward. Profit will lead to revenue to the state and resources to invest in social sector for the benefit of the underprivileged," he said.

Praising the Karnataka government for organising the GIM, Jaitley said: "Karnataka has probably one of the best human resources in the country. It has reasonable infrastructure which should be converted into world standards." Law minister M. Veerppa Moily inaugurated an exhibition on GIM's theme "Advantage Karnataka - One State, Many Opportunities".

The exhibition, covering about 20,000 sq ft, will showcase the multiple advantages, incentives, tax reliefs and pro-industry policies of the state government, including single-window clearance, land bank and other facilities for speedy execution of projects. He said his ministry was working on plan to make India the number one hub of international arbitration.

Chief Minister B S Yeddyurappa had some good news for the power-starved state and also potential investors. "This morning Udupi thermal power plant has started generating 55 MW of power and by this month end it will go up to 600 MW." Udupi is about 400 kms from Bangalore city. Food processing industries minister Subodh Kant Sahai released sector and district-wise profile of the state giving details of the infrastructure and resources available for various industries in different parts of the state.

Former ISRO chairman K. Kasturirangan launched an interactive website providing information on investment opportunities and to settle grievances online. The GIM, twice postponed - once in view of the global economic slow down and second time following devastating flood in Oct-Nov last year in large parts of north Karnataka, has been inspired by the success of Gujarat in snapping up Rs.7 lakh crore (Rs.7 trillion) investments in 2009.

In the run-up to the mega event, the state government has approved investment proposals worth Rs 3.36 trillion (Rs 336,185 crore), with iron and steel sector taking the lion's share of Rs 2.20 lakh crore (Rs 2.2 trillion), followed by power (Rs 79, 140 crore), IT/BT (Rs 19, 188 crore) and cement (Rs 17, 857 crore). The first GIM was held in 2000 and the then Congress government had attracted global investments worth Rs 27,000 crore (Rs 270 billion).

Besides the core infrastructure sector, the state government is confident of getting assured investments in aerospace and automobile, agro and food processing and tourism sectors. The state industries department and the Karnataka Udyog Mitra have organized the meet in association with the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as associate partners.
source:http://www.deccanherald.com/content/73149/global-investors-meet-begins-bangalore.html

avinash2060

June 3rd, 2010, 10:34 AM

BANGALORE, JUNE 2: Karnataka’s Information Technology and Biotechnology Department will sign Memorandum of Understandings (MoUs) for 55 projects involving an investment of Rs 12,353 crore during the two-day Global Investors’ Meet being held in Bangalore on June 3 and 4 .

MoUs in respect of BT projects with an investment potential of Rs 1,353 crore would be signed during the seminar on BT while MoUs for IT projects would be signed on Friday to bring investment of Rs 11,000 crore, according to Karnataka’s IT, BT and Housing Minister Katta Subramanya Naidu.

Several IT majors such as Infosys Technologies Limited (Rs 700 crore), Wipro Technologies (Rs 477 crore), Manyata (Rs 2002 crore), Bhuvana Comforts (Rs 390 crore), DM Estates (Rs 336.28 crore),
Prestige Estate Projects (Rs 600 crore), ETL Infrastructure Services Limited (Rs 993 crore), L&T (Rs 615 crore), Chandra Developers Limited (Rs 459.98 crore), Tata Elexi Ltd (Rs 486 crore), Silver Jem
Energy Diodes Limited (Rs 250 crore), Nandan Biomatrix Limited (Rs 96 crore), and Xchanging Cambridge Solutions Limited (Rs 50 crore) would enter into MoUs with the government during GIM.

The Minister said the Government has decided to set up one BT Finishing School each in Bangalore and Manipal.

The Life Sciences and Engineering of C D Sagar Centre, Bangalore and Manipal Life Sciences Centre, Manipal University, would set up schools in Bangalore and Manipal, respectively. The agreements would be signed on Thursday, he said.

With employment potential among the BT graduates was just 40 %, the Biotech Policy envisaged setting up of 10 BT finishing schools with government’s support of Rs 1 crore per school. Such schools are expected to provide jobs skills to graduates/post graduates. The policy also provided for setting up of Bio Venture Fund of Rs 50 crore with 26 % equity participation by the State government, he said.

MoUs would also be signed with Bangalore Helix for a Rs 250 crore project nand Nutri-Nutraceuitcal and Phyto-Pharmaceuitcal Park (BT park) for a Rs 200 crore project, Naidu said.

The Vision Group on BT headed by Bicon CMD Kiran Mazumdar Shaw has recommended setting up of sector specific parks in tier II and III cities.

Accordingly, the government has decided to set up Neuti-Neutraceuitcal Park in Mysore, Phyto-Pharmaceutical Park in Mysore, Marine Biotech Park in Mangalore, Agri-tech Park in Dharwad, and Animal House in Bidar.

The department has initiated the process for selection of private partners for development of these parks. The selection process was in the final stages for the BT Park in Bangalore, he said.

KEONICS, a government undertaking, is entrusted with the job of developing IT parks in Mysore, Mangalore, Shimoga and Gulbarga.

An MoU would be signed for developing the IT Park at Shimoga with the investment of Rs 500 croer during the GIM. Xchanging Technology Services Limited, US, would be setting up their operations in six acres in Shimoga, he said.

Naidu said steps have been taken for opening of 20 Rural BPOs in different parts of the state. Already 10 BPOs have been functioning in different parts of the State. The government was committed to establish 100 rural BPOs to provide employment to 10,000 youth, he said.
source:http://www.daijiworld.com/news/news_disp.asp?n_id=78470&n_tit=55+MoUs+for+IT%2FBT+Projects+and+Rs+12%2C353+cr+Investment+at+GIM

avinash2060

June 3rd, 2010, 10:44 AM

NDTV Correspondent, June 3, 2010

Global Investors Meet kicked off on Thursday in Bangalore. Organised by the Karnataka Government to showcase the state and woo in investment, the event played host to top industrialists as the Global Investors Summit got underway. In the two-day event, 400 MoUs are expected to be signed for proposed investments worth Rs 5 lakh crore over the next couple of days.

Speaking at the meet, ArcleorMittal chairman LN Mittal said on Thursday that the company is committed to bring operational presence in India while he expressed satisfaction over the progress of its Karnataka project. Mittal said that he would continue to move ahead with investment plans in Karnataka.

Aditya Birla Group Head Kumar Mangalam Birla said that the group is planning to invest Rs 8,500 crore in Karnataka projects.

Essar group said that it would sign MoUs for steel and power plants in Karnataka. It is planning to set up steel plant in the state at an estimated cost of Rs 22,000 crore. It is also looking to set up a gas-based power plant at a cost of Rs11,000 crore.

IT major Infosys said that it is looking to set up a new Bangalore centre at a cost of Rs 2,250 crore.

Gas major GAIL said that it looking to invest Rs 3000 crore this year in Karnataka to lay two pipelines to Bangalore, one from Dabhol and the other one from Kochi.

Read more at: http://beta.profit.ndtv.com/news/show/it-is-raining-investments-at-karnataka-meet-68745?cp
source:http://beta.profit.ndtv.com/news/show/it-is-raining-investments-at-karnataka-meet-68745

avinash2060

June 3rd, 2010, 10:50 AM

May 25: Mining baron turned minister G Janardhan Reddy , who is hoping to transform the mineral rich district of Bellary into a major steel hub of the country , is looking at the soon to be held Global Investors' Meet (GIM) to pave the way. He exuded confidence on Tuesday that Bellary would corner a major chunk of the Rs 2 lakh crore investment expected to pour into the state during the event slated for June 3 and 4 in Bengaluru

The minister felt Bellary was bound to be on the radar of biggies like ArcelorMittal and South Korean steel major Posco and the country's own JSW Steel would expand its capacity from 6.8 million tonnes to 16 million tonnes per annum in a couple of years in the district. To make sure that investor interest remained high in Bellary the newly formed Vijayanagar Area Development Authority (VADA), covering the Bellary-Sandur-Hospet mining belt, would act as a single window agency to allow companies easier access to land, water and power in the district, he explained.

Mr Reddy, who is setting up his own plant, Brahmini Steels in Kadappa, Andhra Pradesh, announced he planned to set up a steel plant in Bellary district as well to do his bit for its development as a steel hub.
Meanwhile, industry sources said Posco was trying to secure iron ore mining licences before zeroing in on the site for its proposed integrated steel plant in the state. The company is expected to pump in Rs 32,300 crore to establish a steel manufacturing facility producing 6 million tonnes per annum (mtpa) in Karnataka while ArcelorMittal is supposedly planning to invest Rs 30,000 crore on a similar capacity plant on 4,900 acres in Kudithini village, where land has already been notified for its benefit by the government. The company is said to have deposited Rs 208 crore with the authorities for the required land.

Dr Vinod Nowal, director and CEO, JSW Steel maintained that all existing steel plants should be assured 30 years' supply of iron ore from the existing reserves to be able to carry on their operations without interruption. “Sanctioning of steel plants without taking into account the long term availability of their iron ore resources is too risky,” he added.
source:http://www.deccanchronicle.com/bengaluru/bellary-will-be-steel-hub-reddy-948

avinash2060

June 3rd, 2010, 10:54 AM

Bangalore: The city is fast emerging as the hub of biotechnology (BT) in the country. And with greater international interest in the development of the industry in India, is it any wonder that the ‘Bangalore India Bio 2010’, scheduled to be held from June 2 to 4, has evoked such an enthusiastic response from participants across the world
Participants at the event will be drawn from over 18 countries. Over 750 delegates, representing more than 400 companies, will be present. The event is expected to attract about 5,000 business visitors.

According to Ashok Kumar C Manoli, principal secretary, department of information technology, biotechnology and science& technology, the event had been planned to coincide with Global Investors’ Meet (GIM), which will be held on Palace Grounds on June 3 and 4. “We are also organising a special session at the GIM focusing on the biotech landscape and investment opportunity for biotech in Karnataka,” he said.

With a view to promoting tier II and tier III cities, five biotech parks have been planned across the state. A nutri-nutraceuticals and a phyto-pharmaceuticals park are planned in Mysore, a marine biotech park will come up in Mangalore; an agri-biotech park has been planned in Dharwad, and a vivarium park in Bidar. Partners for all these parks are expected to be announced during the GIM.
This is the 10th time that the event is being organised in the city.

The three-day programme will comprise an exhibition, a multi-track conference, a conclave for CEOs, the announcement of awards for excellence in the biotechnology field, and different contests. The event is jointly organised by the department of IT, biotechnology, science and technology, the government of Karnataka and the government’s vision group on biotechnology
Kiran Mazumdar-Shaw, CMD, Biocon said, “India has become a strategic destination for the biotech industry, and has begun to attract global attention especially in the field of clinical trials, contract research and manufacturing. That is why there is such a large international presence at the event this year.”

Shaw, also chairperson of the Karnataka vision group on biotechnology and science & technology said that the event this year will find a diverse range of participants. Delegates will arrive from the European Business and Technology Centre (EBTC), Canada, Germany, UK, Italy, Spain, Belgium, Israel, Australia, South Africa, China and Egypt.

To create a bridge between education and employment in this sector, finishing schools have been started to coach students in the needs of the industry, said Shaw. However, she added that to maintain the standards at such institutes, there is need for proper accreditation. “We have already put forward a format for the accreditation purpose,” she said.

The city has emerged as the key site for the development of the biotechnology sector in the country, said Shaw.
source:http://www.dnaindia.com/bangalore/report_bangalore-will-prove-biotech-its-forte_1387899

avinash2060

June 3rd, 2010, 10:57 AM

Karnataka’s day with investors has finally arrived. Bangalore Palace appeared resplendent after being spruced up to host the two-day Global Investors’ Meet, bearing the theme ‘Advantage Karnataka’, that will begin on Thursday.

Receptionists prepare to welcome delegates to the Global Investors’ Meet at the Palace Grounds in Bangalore on Wednesday. DH photo/Kishor Kumar BolarThe State government, which is anticipating nearly Rs 4 lakh crore in investments in various sectors, is all set to flaunt its strength in an effort to convince global business leaders that investing in Karnataka would indeed be advantageous. It is hopeful that the meet would help rake in at least 60 per cent of the projected target.

Business magnates

Some of the top names in business –– Lakshmi N Mittal of ArcelorMittal, Kumar Mangalam Birla of Aditya Birla Group, Shashi Ruia of Essar Group, Azim Premji of Wipro, Vijay Mallya of UB Group and Kris Gopalakrishnan of Infosys –– are scheduled to take part as chief guests in the conclave’s inaugural function. JSW Steels managing director Sajjan Jindal will skip the meet though he has been invited as one of the chief guests.

A gathering of such proportions is being organised after a span of 10 years. The last Global Investors’ Meet was held in 2000, when S M Krishna was chief minister. At that time, the government had aimed at tapping an investment of Rs 27,700 crore, of which Rs 13,000 crore was realised.

Senior BJP leader and leader of the Opposition in the Rajya Sabha Arun Jaitley is scheduled to inaugurate the event at 10.30 am. Subsequently, Union Law Minister M Veerappa Moily will throw open the exhibition showcasing the State’s investment potential to the industry captains. Planning Commission member Dr K Kasturirangan will launch an interactive website.

As many as 2,500 business leaders, including those from Reliance, Shell, Lafarge, Tata Elexi, Videcon Group, Bharat Forge, GMR, Surya Roshini, Hinduja Group, GVK Group, Toyota Kirloskar Motor, Jaypee Group, Bhushan Steels and Volvo India, are expected to be present. Delegates from the US, the UK, France, Germany, Singapore, China, South Korea and Australia have already arrived in the City.

The government has set itself two goals — attracting more investors and formally launch projects that have already been finalised. It has identified 12 key sectors –– aerospace, minerals, tourism, biotechnology, automobile, IT, infrastructure, power, food processing, textile, health and education –– where it seeks to woo fresh investments.

Ministers, along with their department heads, are scheduled to conduct 15-minute sessions on their respective sectors.

Through these sessions, efforts will be made to apprise industry representatives of the investment climate and clarify questions. These sessions are spread across both days, and four halls, with a capacity of 400 people each, have been set up exclusively for this purpose. Besides, a main hall with a capacity of accommodating 3,000 people has been set up for the inaugural and concluding events.

As many as 400 MoUs are likely to be inked, including a Rs 30,000-crore steel plant by the biggest steel manufacturer, ArcelorMittal. An upbeat State government has decided to receive fresh project proposals till 12 noon of June 4 and sign MoUs, if possible.
It has also decided to roll out special incentives and packages to ‘big’ investors. A Cabinet empowered committee headed by Chief Minister B S Yeddyurappa has been set up to look into investors’ requests in this regard. This apart, the government has established a co-ordination committee headed by the Commerce and Industries principal secretary to interpret the industrial policy on providing special incentives.

Interestingly, though many of these projects were cleared by the Yeddyurappa-headed high-level clearance committee a long time ago, the signing of an MoU has remained pending.

Unlike in the past, a majority of the proposed projects are coming up outside Bangalore in tier-II and tier-III cities. The government has restricted Bangalore for aerospace and high-end IT only. Of the expected investments, the manufacturing sector, especially iron and steel, has the lion’s share.
source:http://www.deccanherald.com/content/73110/state-pulls-all-stops-investors.html

gentem

June 3rd, 2010, 12:14 PM

he Global Investors Meet (GIM), expected to bring in Rs 5 trillion (Rs 5 lakh crore) to Karnataka in the next four-five years, began here on Thursday with the state rolling out a red carpet to global firms and India Inc.
...
Former ISRO chairman K. Kasturirangan launched an interactive website providing information on investment opportunities and to settle grievances online. The GIM, twice postponed - once in view of the global economic slow down and second time following devastating flood in Oct-Nov last year in large parts of north Karnataka, has been inspired by the success of Gujarat in snapping up Rs.7 lakh crore (Rs.7 trillion) investments in 2009.

In the run-up to the mega event, the state government has approved investment proposals worth Rs 3.36 trillion (Rs 336,185 crore), with iron and steel sector taking the lion's share of Rs 2.20 lakh crore (Rs 2.2 trillion), followed by power (Rs 79, 140 crore), IT/BT (Rs 19, 188 crore) and cement (Rs 17, 857 crore). The first GIM was held in 2000 and the then Congress government had attracted global investments worth Rs 27,000 crore (Rs 270 billion).

Besides the core infrastructure sector, the state government is confident of getting assured investments in aerospace and automobile, agro and food processing and tourism sectors. The state industries department and the Karnataka Udyog Mitra have organized the meet in association with the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as associate partners.
source:http://www.deccanherald.com/content/73149/global-investors-meet-begins-bangalore.html

:ohno: we only have 3.5 lakh crore that is half of gujarat. These are only MoUs - some projects may not take off after all

May 25: Mining baron turned minister G Janardhan Reddy , who is hoping to transform the mineral rich district of Bellary into a major steel hub of the country , is looking at the soon to be held Global Investors' Meet (GIM) to pave the way. He exuded confidence on Tuesday that Bellary would corner a major chunk of the Rs 2 lakh crore investment expected to pour into the state during the event slated for June 3 and 4 in Bengaluru

Mr Reddy, who is setting up his own plant, Brahmini Steels in Kadappa, Andhra Pradesh, announced he planned to set up a steel plant in Bellary district as well to do his bit for its development as a steel hub.
Meanwhile, industry sources said Posco was trying to secure iron ore mining licences before zeroing in on the site for its proposed integrated steel plant in the state. The company is expected to pump in Rs 32,300 crore to establish a steel manufacturing facility producing 6 million tonnes per annum (mtpa) in Karnataka while ArcelorMittal is supposedly planning to invest Rs 30,000 crore on a similar capacity plant on 4,900 acres in Kudithini village, where land has already been notified for its benefit by the government. The company is said to have deposited Rs 208 crore with the authorities for the required land.

source:http://www.deccanchronicle.com/bengaluru/bellary-will-be-steel-hub-reddy-948

planned?? castles in the air..

NParry

June 3rd, 2010, 07:42 PM

think-tank

June 3rd, 2010, 08:07 PM

avinash2060

June 4th, 2010, 05:32 AM

Bangalore: June 3, DHNS:
http://www.deccanherald.com/images/editor_images/June%202010/June%204%202010/GIM-inaugration-in.jpg

Lauding Karnataka’s proactive measures to encourage industries and for its multi-sectoral development, ArcelorMittal Chief Lakshmi Mittal on Thursday said the State is one of the most preferred destinations in the country, and that it has huge potential of moving forward.

Aditya Birla Group’s Kumaramangalam Birla, Infosys CMD Kris Gopalakrishnan, Wipro’s Azim Premji and Essar Group’s Shashi Ruia echoed Mittal’s sentiments as they hailed the State for its supportive policy measures.

While Birla spoke of incentives and concessions given by the government, Premji and Gopalakrishnan pointed out the ability of the State in creating top quality talent and Ruia followed suit.

Pointing out that the State is blessed with tremendously skilled manpower making it the knowledge hub of India, Mittal said: “The role of the government in creating such talent pools, in allocating and utilising resources and in laying emphasis on development of infrastructure, education and other essentials is truly commendable,” adding that the State, therefore is poised for big ticket growth in the coming years.

In tandem with his observation, Birla said the progressive attitude of the government, its rich resources and talent pool, infrastructure et al, make Karnataka a leading industrial State in the country today. He said his Group has a total of Rs 5,000 crore investment in the State and that they are planning to raise it to over Rs 8,500 crore in the next three years.

Of that investment, Rs 3,500 crore would go into a 4.5 million-tonne cement plant while the rest in a phased manner into their speciality alumina, financial business and retail where they will add another 150 stores and four hypermarkets in the State.
“Karnataka represents a fine example of what our country can achieve when there is a fusion of entrepreneurial energy with sound, competent and forward looking governance,” Birla said during his inaugural speech at the GIM.

Ruia said the congregation of such a galaxy of investors from across the globe is an ample proof of the potential that Karnataka offers for investments.
DH News Service
source:http://www.deccanherald.com/content/73278/industrialists-say-jai-ho-karnataka.html

avinash2060

June 4th, 2010, 05:51 AM

THUMBS UP FROM INDUSTRY CAPTAINS
Our Karnataka project on fast track: ArcelorMittal
Steel Major Open To Sourcing Iron Ore From Third Party Suppliers
Our Bureau BANGALORE

THE world’s largest steel producer, Arcelor-Mittal, buoyed by the positive response of the Karnataka government for its mega plant in the state, expects its project to come up much faster than the other states where it has similar plans. ArcelorMittal, which signed a memorandum of understanding (MoU) with the Karnataka government on Thursday for a six million tonne steel plant for Rs 30,000 crore has already got the allocation of water.
Addressing mediapersons, ArcelorMittal chairman Lakshmi N Mittal said, “The signs are encouraging (state government) and hope to make faster progress here when compared to the other states.”
ArcelorMittal has plans of putting up similar mega steel plants in Orissa and Jharkhand, but the project has been bogged down by various issues such as land acquisition and protests.
“There are lot of issues in terms of land, forest & government clearances and there are lot of milestones to be achieved,” Mr Mittal said.
On the contentious issue of getting a captive iron ore mining lease in Karnataka, Mr Mittal said that they were confident of getting one in state as the progress has already been made in terms of putting in their application.
However, a senior official of ArcelorMittal said that they would also be open to sourcing the iron ore from third party suppliers also.
The Karnataka government has stopped the issue of any fresh mining lease for iron ore for the last two years and only recently have they invited for fresh applications. The issue of mining leases has been further complicated with some of the key ministers in the current BJP-led government in Karnataka accused of illegal mining. ArcelorMittal expects its plants to be operational in Bellary in 36 months if it manages to receive all the clearances. It has already deposited Rs 260 crore with the government for the land acquisition. “We have received positive support from the state government and it has taken only six months for them to make the land allocation, demonstrating the strong commitment for our project,” Mr Mittal said.
The state government as part of its new industrial policy has proposed to provide mining leases to only those entities which will be engaged in value addition of the iron ore namely in the making of steel products.
From left) Karnataka chief minister B S Yeddyurappa with industry leaders L N Mittal, Azim Premji, Kumar Mangalam Birla, Vijay Mallya, Shashi Ruia and Kris Gopalakrishnan, during the inauguration of the Global Investors Meet in Bangalore on Thursday. —ET
http://epaper.timesofindia.com/Repository/getimage.dll?path=ETBG/2010/06/04/12/Img/Pc0120900.jpg

avinash2060

June 4th, 2010, 05:53 AM

http://epaper.timesofindia.com/Repository/getimage.dll?path=ETBG/2010/06/04/12/Img/Ar0120003.png

engineer.akash

June 4th, 2010, 05:59 AM

QuEST, Indo Schottle sign MoU
Bangalore, June 3, dhns:

Global aerospace engineering and manufacturing major, QuEST Global on Thursday signed a MoU (Memorandum of Understanding) with Indo Schottle to set up a new dedicated facility in the QuEST Global SEZ , Belgaum to manufacture and export engine parts and hydraulic components.

Indo Schottle, primarily an automotive major, will be investing Rs 20 crore initially in Quest Global SEZ to mark its entry into the aerospace manufacturing sector. Aravind Melligeri, chairman and co-founder, QuEST Global, said, “By signing of this MoU, we will build an ecosystem of qualified suppliers to meet supply chain needs for the global aerospace OEM's and Tier-1's.”
DHNS (http://www.deccanherald.com/content/73269/quest-indo-schottle-sign-mou.html)
Good to hear that Belgaum My hometown has received quite significant proposals hope to see atleast 50% materialize...:cheers:

engineer.akash

June 4th, 2010, 06:02 AM

GAIL to take up Rs 6k cr pipeline
Bangalore, June 3, dhns:

Gas Authority of India (GAIL) is investing Rs 6,000 crore for two gas pipeline passing through the state.

The pipeline is to carry natural gas from Dabhol (Maharashtra) to Bangalore.
The authority is implementing two gas pipeline projects, passing through Karnataka. The state would get pipeline of about 1,300 km length.GAIL is the largest gas transmission and marketing company in the country.

GAIL Chairman and Managing Director B C Tripathi, told reporters that the projects would begin by the end of 2010. The pipeline would pass through countryside. The first phase of the Dabhol-Bangalore pipeline connects Dabhol to KPCL in Bidadi. In the second phase 417 km of feeder lines to Bijapur, Dharwad, Davangere, Harihar and Tumkur would be laid. The Kochi-Koddanad-Bangalore-Mangalore pipeline requires the total investment of Rs 3,300 crore.
DHNS (http://www.deccanherald.com/content/73266/gail-take-up-rs-6k.html)It will pass through Namma Belgaum :banana:

engineer.akash

June 4th, 2010, 06:04 AM

http://www.deccanherald.com/images/editor_images/June%202010/June%204%202010/steel-investors-meet.jpg
Steel industries are queuing up but what about the water and Mining leases??? :?

avinash2060

June 4th, 2010, 06:25 AM

Court Asks Infra Secy To Consider Trust’s Concerns
TIMES NEWS NETWORK

Bangalore: The high court on Thursday directed principal secretary to infrastructure development department to consider the representation filed by Samarpana Trust within two months, regarding the proposed High Speed Rail Link (HSRL) Project to BIA.
The division bench headed by Justice V G Sabhahit passed this order after hearing the petitioner counsel who termed the proposed project as contrary to the decision of the high court and Supreme Court.
The Trust had given a representation to the infrastructure development department on April 22 about the problems that public will have to face due to the project.
“The authorities have been going ahead with the project in acquiring land in and around Hebbal Lake for the station. It will affect the water body. Bangalore has lost 500 lakes due to development works. The city once had 937 lakes covering about 25,000 acres and many have been lost due to urbanization, encroachments. The Lake Development Authority has failed in its duty to preserve the existing lakes. The plan to construct HSRL-Hebbal station around Hebbal lake will destroy the water body,” said counsel for the petitioners, G R Mohan.
The Trust claimed that in executing the HSRL project to BIAL from MG Road, authorities failed to take the cost factor into account. This, they feel, will have a bearing on tax payers’ money.
GUV’S OFFICE TO GIVE DOCUMENTS
The governor’s secretariat will provide copies of letters expressing unconditional support to chief minister B S Yeddyurappa and also supporting affidavits given by JD(S) and BJP MLAs to the then Governor in November 2007.
Appearing before Justice Rammohan Reddy on Thursday, advocate general Ashok Haranahalli said they’ll provide the copies within four weeks and it should not be treated as a precedent.
Based on this submission, the judge disposed of the petition filed by the governor’s secretariat challenging the state chief information officer’s order dated May 28, 2008 which had asked them to provide these copies within 15 days.
Advocate M K Vijayakumar had filed an application seeking these copies under RTI Act, 2005. The governor’s office had contended that they are exempted under RTI as they come under constitutional post.
NEW BENCH TO HEAR KSCA PLEA
A petition filed by KSCA, challenging the acquisition of a portion of their land for the Bangalore Metro project, will now be heard by another bench as Justice Mohanashantanagoudar before whom it came for hearing expressed his inability citing that he is a member of the association. The court had stayed further construction by way of an interim order passed on February 6. The order is still continuing.
RS 1 LAKH COSTS IMPOSED
A division bench headed by Justice D V Shylendra Kumar on Thursday imposed hefty costs of Rs 1 lakh on Electronic Research Limited, a company involved in production of TV sets and other related products for delaying their Regular First Appeal (RFA) case for 10 years. The bench also dismissed the appeal. The court was not happy when a junior counsel appeared in court and sought more time. The company had filed an appeal seeking refund of Rs 3.88 cr they had paid second time as customs duty.
The civil court had dismissed their plea in 1999 itself.
CJ STAYS AWAY
Chief Justice P D Dinakaran did not conduct sitting on Thursday. On Wednesday, the Advocates Association of Bangalore had clearly said no when the CJ sought their views in this aspect in the light of representation given by former association president K N Subba Reddy and others.
War memorial verdict today
Bangalore: The verdict on the contentious war memorial issue will be out on Friday. The high court division bench Justice Manjula Chellur and Justice Mohanashantanagoudar are expected to pronounce the verdict.
The petitioners, the Krishna Apartment Owners Association, have claimed that the construction of the 1,000 square metre war memorial named “Motivation Hall” in the park next to Raj Bhavan contravenes the Government Parks Preservation Act, 1975, as it comes under Cubbon Park.
However the authorities claimed that the building will be an underground construction and there will be no damage to the ecology. TNN
source:http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2010/06/04&PageLabel=5&EntityId=Ar00500&ViewMode=HTML&GZ=T

gentem

June 4th, 2010, 06:47 AM

http://www.deccanherald.com/images/editor_images/June%202010/June%204%202010/steel-investors-meet.jpg
Steel industries are queuing up but what about the water and Mining leases??? :?

I dont think all those will materialise. Govt is signing MoUs to make GIM a success :) indeed 2 or max 3 steel plants is enough.
Andhra is better option as more water is available there. Brahmani of reddys already building plant in Kadapa, i dont think they will make one in bellary - signing MoU for the sake of it :lol:

avinash2060

June 4th, 2010, 07:59 AM

I dont think all those will materialise. Govt is signing MoUs to make GIM a success :) indeed 2 or max 3 steel plants is enough.
Andhra is better option as more water is available there. Brahmani of reddys already building plant in Kadapa, i dont think they will make one in bellary - signing MoU for the sake of it :lol:
you may be from Andhra Pradesh, but Reality is Andra Pradesh is stuck by a CIvil War property prices are falling only a fool wud Invest there,Karnataka has more conducive Environment which is peaceful and where skilled Man Power is easily Available,Karnataka and Kannadigas are known for their Hospitality

think-tank

June 4th, 2010, 10:13 AM

List of MoUs: http://www.advantagekarnataka.com/pdf/MoU%20signed%20at%20GIM%20Inauguration.doc signed on innaguration.

gentem

June 4th, 2010, 10:23 AM

^^ long live cntr+C cntr+v

F I L E S Sl.

No.

Name of the Company

Profile of the project

01.
Arcelor Mittal Limited
§ Proposed investment - Rs.30,000 crores.
§ Project Details - To set up 6 million TPA Integrated Steel plant and 750 MW Power Generation.

§ Location - Bellary District.
§ Employment Generation - 10,000
§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

02.
Rajashree Cements
§ Proposed investment - Rs.3000 crores.

§ Project Details - To enhance production capacity of cement plant from 4.20 million TPA to 8.45 million TPA & captive power plant from 58.5 MW to 188.5 MW.

§ Location - Malkhed Road, Adithya Nagar, Sedam/Chittapur Taluk, Gulbarga District.

§ Employment Generation – 400.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

03.
Wipro Limited
§ Proposed investment - Rs.537 crores.

§ Project Details – To set up a Soft Development Centre and Employees Residential facility

§ Location - Sy. No.91/1.98 and 99 of Kodathi Village, Sarjapur Main Road, Bangalore

§ Employment Generation – 25,000

§ Signatory to MOU from Govt - Principal Secretary, IT/BT Department.

§ Signatory to MOU from company –

04.
United Breweries Limited
§ Proposed investment - Rs.45 crores.

§ Project Details – To manufacture “Beer” .

Location - .at Various Sy.Nos.of Thoremavu and Himmavu Villages, Nanjangud Taluk,Mysore District.

§ Employment Generation –

§ Signatory to MOU from Govt – Commissioner for Industries & Commerce.

§ Signatory to MOU from company –

05
(a) JSW Steel Limited
§ Proposed investment - Rs.15,131.70 crores.

§ Project Details – To enhance installed capacity of Integrated Steel Plant from 10 MTPA to 16 MTPA & to set up 600 MW Captive Power Plant.

§ Location - Toranagallu Village, Sandur Taluk, Bellary District.

§ Employment Generation – 6000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

(b) Jindal Saw Limited
§ Proposed investment - Rs.130.88 crores.

§ Project Details – To set up steel pipes and coating plant .

§ Location - Sultanpur Village, Sandur Taluk, Bellary District.

§ Employment Generation – 400.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

(c) JSW Severfiled Structures Limited
§ Proposed investment - Rs.234 crores.

§ Project Details – To set up facricated structural products of Iron & Steel (except rolling shutters).

§ Location - Toranagallu Village, Sandur Taluk, Bellary District.

§ Employment Generation – 500.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

06.
Hazira Steel Limited
§ Proposed investment - Rs.17,760 crores.

§ Project Details – To establish Carbon Steel Products – 6 MTPA Capacity.

§ Location - Mannikatti /Kriesur/Bhagwati Villages of Bagalkot Taluk, Bagalkot District.

§ Employment Generation – 9,675.

§ Signatory to MOU from Govt – Commissioner for Industries and Commerce. .

§ Signatory to MOU from company –

07.
Infosys Technologies Limited
§ Proposed investment - Rs.2,250 crores.

§ Project Details – To setup Software Devleopment Centre.

§ Location - Sarjapura Road, Bangalore

§ Employment Generation – 18,000.

§ Signatory to MOU from Govt – Principal Secretary,IT,BT and S&T Department.

§ Signatory to MOU from company –

08.
Narayana Hrudayalaya Pvt. Ltd.
§ Proposed investment - Rs.990 crores.

§ Project Details – To set up 5000 Bed Super Speciality Hospital, Star Category Hotel and Service Apartments.

§ Location - KIADB Industrial Area, Near Bangalore International Airport (Singahalli, Bandikodigehalli & Bagalur), Bangalore North Taluk, Bangalore District.

§ Employment Generation – 14,600

§ Signatory to MOU from Govt – Principal Secretary, Medical Education

§ Signatory to MOU from company –

09.
Kalyani Steels Limited
§ Proposed investment - Rs.148.71 crores.

§ Project Details – To set up Low Ash Metallurgical Coke & Power plant.

§ Location - Ginigera Village, Koppal District.

§ Employment Generation – 100.

§ Signatory to MOU from Govt – Commissioner for Industries & Commerce.

§ Signatory to MOU from company –

10.
Surya Roshini Limited
§ Proposed investment - Rs.52 crores.

§ Project Details – To manufacture Fluorescent Tube lights, CFL, GLS Lamps, PCB & LED Lamps.

§ Location - .Shimoga District.

§ Employment Generation – 1,220.

§ Signatory to MOU from Govt – Commissioner for Industrial Development & Director of Industries & Commerce.

§ Signatory to MOU from company –

11.
Shree Renuka Infra Projects Limtied
§ Proposed investment - Rs.5,500 crores.

§ Project Details – To establish 1100 MW Thermal Power Plant.

§ Location - Vanatamuri Village, Hukkeri Taluk, Belgaum District.

§ Employment Generation – 3,500.

§ Signatory to MOU from Govt – Addl.Chief Secretary, Energy Department.

§ Signatory to MOU from company –

12.
Bhushan Steel Limited
§ Proposed investment - Rs.27,928 crores.

§ Project Details – To set up a 6 MTPA Integrated Steel Plant with 600 MW Co.gen project.

§ Location - Gadiganur Village, Bellary District.

§ Employment Generation – 20,000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

13.
Shell Technology India Pvt.Ltd
§ Proposed investment - Rs.1,376 crores.

§ Project Details – To set up Technology Centre for Oil & Gas related activities.

§ Location - KIADB Hardware Industrial Area, Devanahalli, Bangalore Rural District.

§ Employment Generation – 1,200.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

14.
Tokai Rubber Auto Parts India Pvt.Ltd.
§ Proposed investment - Rs.63 crores.

§ Project Details – To manufacture Rubber Products / Automotibe Ancillary Components.

§ Location - Phase-II, Harohalli Industrial Area, Kanakapura Taluk, Ramanagara District.

§ Employment Generation – 186.

§ Signatory to MOU from Govt – Commissioner for Industrial Development and Director of Industries & Commerce .

§ Signatory to MOU from company –

15.
Bramhani Industries Karnataka Limited
§ Proposed investment - Rs.36,000 crores.

§ Project Details – To set up a 6 MTPA Integrated Steel Plant with Captive Power plant. In the 1st Phase, 1.9 Million TPA with Captive Power Plant of 68 MW capacity.

§ Location - Vijayangar Area Development Authority, Bellary, Hospet & Sandur Taluks, Bellary District.

§ Employment Generation – 25,000.

§ Signatory to MOU from Govt – Principal Secretary, C&I Department.

§ Signatory to MOU from company –

16.
Hindusthan Aeronautics Limited (HAL)
§ Proposed investment - Rs.2095 crores.

§ Project Details –. To establish a unit for manufacture of “TPE 331 Engine and Engine components, Ring Rolling, Fan cases, Welded Structural assemblies, Maintenance, Repair and Overhaul of Civil Aircraft / Engines and Manufacture of Helicopters” .

§ Location - Aerospace SEZ, Devanahalli, Bangalore Rural District.

§ Employment Generation –1631.

§ Signatory to MOU from Govt – Secretary to Governmanet, Commerce & Industries Department.

§ Signatory to MOU from company –

17.
BEML Limited
§ Proposed investment - Rs.316 crores.

§ Project Details – To manufacture Aircraft Components / Assemblies and MRO Activites related to Aerospace Applications at Aerospace SEZ.

§ Location - Bangalore International Airport, Devanahalli, Banagalore Rural District

§ Employment Generation – 235.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

18.
Scotts Garments Ltd & Bombay Rayon Fashions Limited
§ Proposed investment - Rs.682.67 crores.

§ Project Details – Ready made garments for export .

§ Location - Kolar, KGF, Doddaballapura, Gowrtibidanur, Chikkaballapura, Chitradurga, Shimoga.

§ Employment Generation – 50,000.

§ Signatory to MOU from Govt - Principal Secretary, C&I Department.

§ Signatory to MOU from company –

19.
Shahi Exports Pvt.Ltd
§ Proposed investment - Rs.533.18 crores.

§ Project Details – To establish Weaving, Textiles and Readymade Garments

§ Location - Shimoga.

§ Employment Generation – 10,000.

§ Signatory to MOU from Govt – Commissioner for Industrial Development and Director of Industres & Commerce .

§ Signatory to MOU from company –

20.
Nestle India Limited
§ Proposed investment - Rs.349.23 crores,

§ Project Details – To setup Instant Noodles & Mixed Condiments & Seasonings.

§ Location - Industiral Area, Nanjangud, Mysore District.

§ Employment Generation – 630.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

21.
Nandan Bio Matrix Limited
§ Proposed investment - Rs. 96 crores.

§ Project Details – To setup Bio Investment Eco Industrial Zone.

§ Location - Kolhar Industrial Area, Bidar District.

§ Employment Generation –. 728.

§ Signatory to MOU from Govt –. Principal Secretry, IT,BT and S&T Department

§ Signatory to MOU from company –

22.
Lafarge India Pvt.Ltd
§ Proposed investment - Rs.1,500 crores.

§ Project Details – To set up 3 MTPA Cement Plant and 43 MW Coal Based Thermal Power Plant.

§ Location - Ravoor, Gandhinagar, Wadi Village, Chittapur Taluk, Gulbarga District.

§ Employment Generation – 355.

§ Signatory to MOU from Govt - Principal Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

23.
Mangalore Refinery & Petrochemicals Limited
§ Proposed investment - Rs.15798 crores.

§ Project Details – To enhance Oil Refinery from 9.69 MMTPA to 15 MMTPA .

§ Location - Kothethoor Post, Katipalla, Mangalore.

§ Employment Generation – 1,000.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

24.
(a) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.104.94 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Shimoga.

§ Employment Generation – 220.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company

(b) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.103.01 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Kolar Taluk, Opp. Tamaka Industrial Area, Kolar District

§ Employment Generation – 205.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

(c) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.110.30 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - Kakati Village & Hobli, Belgaum Taluk & District.

§ Employment Generation – 190.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

(d) Premium Farm Fresh Produce Limited
§ Proposed investment - Rs.103.21 crores.

§ Project Details – To setup Private Wholesale Market for Fruits & Vegetables.

§ Location - IIT at Aduvalli and Bommanayakanahalli Villages, Kasaba Hobli, Hassan.

§ Employment Generation – 335.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

25.
City View Bangalore Properties Private Limited
§ Proposed investment - Rs.971 crores.

§ Project Details – To set up Hotel, Office space and Serviced Apartment.

§ Location - Municipal New No.8, Old No.57, Bellary Road, Near Mekhri Circle, Bangalore

§ Employment Generation – 760.

§ Signatory to MOU from Govt –.Principal Secretary, Tourism Department

§ Signatory to MOU from company –

26.
Trishul Developers
§ Proposed investment - Rs. 119.31 crores.

§ Project Details – To set up 5 Star Hotel, Office Space & Service Apartments.

§ Location - Hebbal, Ammanikere Village, Kasaba Hobli, Bangalore North Taluk.

§ Employment Generation – 2100.

§ Signatory to MOU from Govt –. Principal Secretary, Tourism Department.

§ Signatory to MOU from company –

27.
Dynamatic Technologies Limited
§ Proposed investment - Rs.465.80 crores.

§ Project Details – To manufacture Aerospace Components.

§ Location - KIADB Aerospace Industrial Area, Devenahalli Taluk, Bangalore Rural District.

§ Employment Generation – 2100.

§ Signatory to MOU from Govt – Principal Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

28.
IFCI Infrastructure Development Limited
§ Proposed investment - Rs.997 crores.

§ Project Details – To establish a Financial City.

§ Location - Devanahalli Industrial Area, Near BIAL, Bangalore Rural District.

§ Employment Generation – 4,300.

§ Signatory to MOU from Govt – Secretary, Commerce & Industries Department.

§ Signatory to MOU from company –

29.
Vishwaraj Infrastructure Pvt. Ltd.
§ Proposed investment - Rs.4,100 crores.

§ Project Details – To establish 1000 MW Gas based power plant and Development of Composite Industries.

§ Location - Hukeri Taluk, Belgaum District

§ Employment Generation – 5,500

§ Signatory to MOU from Govt – Additional Chief Secretary, Energy Department.

§ Signatory to MOU from company –

**

engineer.akash

June 4th, 2010, 11:27 AM

Name: Vijay Mallya
Company: United Breweries
Interested in: Manufacturing beer
Location: Nanjangud
Investment: Rs 45 crore
New son-of-the-soil UB Group chairman Vijay Mallya said, “I am extremely proud and somewhat privileged to be a ‘Mannina Magaa’ (son of the soil).”

That title has so far been the preserve of former PM D Deve Gowda.

He described how on a promotional tour of the US, long before Bangalore was known as ‘IT capital of India’, he described Bangalore as India’s ‘knowledge capital’.

“I am one of the largest contributors to the state exchequer. Because the state wants the revenues, I expand more and more. Of all states, I would rate Karnataka on top,” he said.
source (http://www.bangaloremirror.com/index.aspx?page=article&sectid=10&contentid=2010060420100604055954476799f5e13)
Vijay Mallya saibru Mysore na Liquor city madbid tharae.....:lol:

Bacardi Martini is already brewing in Mysore and now with UB group in the arena.......... :dizzy:

gentem

June 4th, 2010, 11:35 AM

^^ We want 11.30pm deadline extention soon :cheers:

HedonistAtBlr

June 4th, 2010, 11:44 AM

—ET
http://epaper.timesofindia.com/Repository/getimage.dll?path=ETBG/2010/06/04/12/Img/Pc0120900.jpg

Hahaha! Mallya doesn't look very happy being the poorest person in the photo :lol:

nandan_ks

June 4th, 2010, 11:48 AM

Hahaha! Mallya doesn't look very happy being the poorest person in the photo :lol:

ha ha haha .... but its only his industry that is more recession proof than others :lol: :cheers1: :drunk:

kp.muthu99

June 4th, 2010, 11:54 AM

Feel so proud to be kannadiga , namma Karnakata is progressing so fast , hope we produce enough employment so that none of our son's of soil has to go out to beg for employment and soon it will be a reality ..

cheers brothers .

http://www.projectsmonitor.com/STEEL/mous-pour-in-at-karnataka-global-investors-meet

Over 40 memorandum of understandings for an investment of nearly Rs 3 lakh crore in Karnataka were signed on the first day of the two-day Global Investors' Meet (GIM). Four of the biggest MoUs are in the steel sector with captive power plants envisaging a total investment of Rs 1.18 lakh crore.

World's largest steel maker ArcelorMittal signed the MoU for a six million tonnes per annum (TPA) steel plant in the mining district of Bellary at an estimated cost of Rs 30,000 crore. Karnataka project will be given priority as the company’s two other steel projects in Jharkhand and Orissa are delayed due to land issues and other approvals.

The other companies who signed the MoUs for steel plants are Brahmani Industries Karnataka Ltd (Rs 36,000 crore), Bhushan Steel Ltd (Rs 27,928 crore) and Surya Vijayanagar Steel & Power Ltd (Rs 24,000 crore).

Earlier, the Karnataka government had approved investment proposals worth Rs 336,185 crore, with iron and steel sector taking the major share of Rs 2.20 lakh crore, followed by power (Rs 79, 140 crore), IT/BT (Rs 19, 188 crore) and cement (Rs 17, 857 crore). The first GIM held in 2000 had attracted global investments worth Rs 27,000 crore. Besides the core infrastructure sector, the state government is confident of getting assured investments in aerospace and automobile, agro and food processing and tourism sectors.

engineer.akash

June 4th, 2010, 01:13 PM

We will invest significantly in Karnataka: Kumar Mangalam Birla

India Infoline News Service / 16:41 , Jun 03, 2010
http://content.indiainfoline.com/Admin/InfoNewImages/950229171_LS_kumar_mangalam_birla.gif
In our experience as large investors in the state, the government’s progressive attitude towards infrastructure, health and education, coupled with a strong industrial base has powered Karnataka as one of the fastest growing states in India.

I believe Karnataka represents a fine example of what our country can achieve when there is a fusion of entrepreneurial energy with sound, competent and forward looking governance.

Under the dynamic leadership of Chief Minister Yeddyurappa, Karnataka occupies a pre-eminent position on the industrial and business map of India. In our experience as large investors in the state, the government’s progressive attitude towards infrastructure, health and education, coupled with a strong industrial base has powered Karnataka as one of the fastest growing states in India.

To share our perspective briefly: The government has been able to provide a highly enabling environment for investors through an attractive package of incentives and concessions, while encouraging and helping existing industries to take up expansions and modernizations with speed. The pro-active and entrepreneurial climate means that Karnataka is on its way to becoming a preferred destination for investment for Groups like ours. We have been, and will continue to, invest significantly in all of our businesses in the state.

Along with its focus on business and industry, the Karnataka government pursues many measures benefitting the under privileged sections of the society and also the environment. This all round and holistic approach, pursued with rigor, can position Karnataka as a role model for inclusive growth.

My compliments to the Honourable Chief Minister, and his team, for their vision and foresight in moving Karnataka to the forefront of economic and social development.

While Karnataka has shot to global fame as “The Silicon Valley of Asia” and is high on the road to becoming a knowledge hub, it has never lagged behind in the core sectors. Most of the manufacturing sectors have registered exponential growth as well.

We, in the Aditya Birla Group, are proud to partner its progress. Our tryst with Karnataka goes back to the early 1970s when my father set up the country’s first Pulp and Fibre plant at Harihar in Central Karnataka.

Since then there has been no looking back. We have grown very significantly and in diverse sectors. From Fibre to Cement, Alumina, Branded Apparel, BPO, Financial Services, Mobile Telephony and Retail. Among our major plants are Grasim’s - Pulp and Fibre Plants at Harihar, Hindalco’s - Alumina Plant in Belgaum, our Group’s first Cement Plant in Malkhed, 10 Ready Mix Cement Plants and 8 apparel manufacturing factories, among others.

Our growth has been both organic and inorganic. Through major acquisitions, we ventured into the branded apparel, IT Services and BPO. We also bolstered our presence in mobile telephony and financial services. Our Group is a major player in Financial Services. In Karnataka, we have 64 offices and over 9,500 agents in Insurance alone. And the numbers will go up.

We have invested considerably in Karnataka in terms of financial resources, manpower development and management time to spur the growth of our businesses. We have almost 20,000 employees on our rolls. Through ancillarisation, we have created work for approximately another 30,000 people.

Our investments so far have been above Rs.5,000 crores in our multiple plants in this State. We are very buoyant on Karnataka, given the enabling growth environment and incentives for expansion modernization and diversification. In the near future our growth plans entail an investment in excess of Rs.8,500 crores.

Let me share a few highlights.

In Cement, in Karnataka we have a 3.2 million ton Cement Plant in Malkhed apart from 10 Readymix Concrete Plants. At Malkhed, we are planning for an additional 4.3 million ton cement capacity at an investment of Rs.3,000 crores. Furthermore, we intend putting up new cement plants in South Karnataka at a CAPEX of an additional Rs.3,000 crores, on acquiring the necessary mining and land leases. So in cement alone, our future capex is Rs.6,000 crores.

At Belgaum, we are actively pursuing the expansion of our specialty alumina capacity from 149 KTPA to 356 KTPA – more than doubling it. Along with it, we will need to set up a captive power plant and other infrastructural facilities. The overall investment in Belgaum would be to the tune of Rs.500 crores.

Idea services cover 83% of Karnataka’s total population. Here, we have nearly 2.70 million customers, straddling 2,300 towns and 16,000 villages. Idea provides the second widest network coverage with 90% of its sites are EDGE enabled. As Karnataka is a major focus area for Idea, in the near future we plan to bring over 90% of Karnataka’s total population under coverage. This will be at an additional investment of Rs.1,000 crores.

Currently, we have 123 Supermarkets under the Aditya Birla Retail chain and
2 hypermarkets in Karnataka. Going forward, we will scale it to 172 supermarkets and 10 hypermarkets, at an investment of Rs.525 crores.

At Harihar a brownfield expansion at our Viscose Staple Fibre Plant, at a cost of Rs.350 crores is underway.

Madura Garments, a division of Aditya Birla Nuvo, has been continuously voted India’s most admired apparel company. The Company has been among the pioneers in making Karnataka, the heart of apparel manufacturing and branding. We already have 8 factories, 5 of which cater to discerning customers in India. For exports to the US and EU, we have 3 dedicated factories. We have 28 stores in the State. Over the next 4 years, we plan to double Madura Garments’ capacity at an incremental investment of Rs.200 crores in manufacturing.

While currently these expansions are on the anvil, we might spend even more Rs.8,500 crores, depending on emerging opportunities.

Importantly, our expansion plans offer an employment potential of nearly 15,000 people, as our projects fructify.

I am pleased to inform you that the Government of Karnataka and all related establishments have been most encouraging. We have been able to obtain Regulatory clearances on time.

Beyond Business
Importantly, beyond business, we reach out to the underprivileged sections of the society in proximity to our Plants. In Karnataka, through our projects in education, health-care, sustainable livelihood, sustainable development, agricultural productivity, and vocational training programmes, we reach out to nearly 4 lakh people. These projects are carried out under the aegis of the Aditya Birla Centre for Community Initiatives and Rural Development, which is spearheaded by my mother.

Let me conclude by saying that all of us in the Aditya Birla Group look forward to an even more illustrious and prosperous Karnataka and within it our growth. Once again thank you so much Shri. Yeddyurappa and your team for your unequivocal commitment to the growth of business in Karnataka.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group’s speech at the “Advantage Karnataka” Global Investors meet on the 3rd of June 2010 at Bengaluru, Karnataka.
source (http://www.indiainfoline.com/Markets/News/Kumar-Mangalam-Birla/4853695693)

thewanderer

June 4th, 2010, 02:27 PM

BANGALORE: The visiting delegates from Bangalore and outside were given a feel of the Bangalore Metro rail, which is scheduled to start operations by December 2010, at the Metro stall of GIM on Thursday.

Bangalore Metro Rail Corporation (BMRCL), which is looking for investments for the second phase of the project, exhibited a dummy coach that provided a virtual feel of a real metro coach. “We got the glimpse, what we can expect and when the metro starts operations in the city,” an enthusiastic participant said.

BMRCL, however, has more in store for the residents of the city. “By July, Bangaloreans will be able to get a glimpse of the real metro coach through which they will be travelling,” GS Cylesh, manager (IT) of BMRCL said. A metro coach will be on display ‘most probably’ on the MG Road metro rail stretch, Cylesh said.

Several foreign companies, including some Korean ones were seen making a beeline to the Metro stall. The first rail coach that will be on display will arrive from South Korea. The project was bagged by a consortium comprising of BEML, South Korean company Rotom and Japanese company Mitsubishi, the official informed.

Source (http://expressbuzz.com/cities/bangalore/metro-stall-gives-a-peep-into-future/178799.html)

ashwinsna

June 4th, 2010, 02:45 PM

There's only a 50% actualization rate for any MOUs between the public and private sectors. Employment generation will also be less than half of projected figures, but I guess all of this makes for good press.

EVen 50 % achievement is a success for GIM, anything more than 30 % success rate i would call that good progress, mind you the yardstick fo measurement for these kind of projects all over the world is never 100 % .

sudheeshnairs

June 4th, 2010, 03:10 PM

^^ Yes..

First of all it is the general ‘Image’ which the state gives out to the industry leaders. It gives more visibility to the city and the state as a prospective investment destination.

You have to start somewhere. Thinking that nothing will materialize and simply sitting idle will not yield results.

Bangalore and Karnataka are in the limelight these days. Keep up the good work BSY and team.

engineer.akash

June 4th, 2010, 03:21 PM

I am back from a mega tour of Belgaum and Hubli -Dharwad districts.Belgaum city especially is looking really beautiful,every 80 feet road is being made 4 lane with nice median lamps and pavements...Thanks to the unofficial second capital status accorded to the city by BSY/Belgaum city is looking mast..:banana:.......Hubli-Dharwad cities have stunningly utilized funds to upgrade roads in the city,Hubli-Dharwad now boast of two good lakes Unkal and Kalegiri both developed during BJP's tenure.Gokul road is looking so so beautiful-clean and modern with so many commercial spaces.

I am not just talking about the cities even villages have concrete roads..I had been to temples in Belgaum district which were located in Villages,I was impressed by the cleanliness and the neat concrete road works/canal works/MGREG/Pradhan mantri grameen sadak yojana/water supply....I can definitely say BSY and his team deserves 1000 stars for their good works.Not to forget the dense telecom towers :dizzy::cheers:

nandan_ks

June 4th, 2010, 03:23 PM

EVen 50 % achievement is a success for GIM, anything more than 30 % success rate i would call that good progress, mind you the yardstick fo measurement for these kind of projects all over the world is never 100 % .

Completely agree with you.... I glad that Yeddy is atleast taking such initiative. Even if all the projects for which MOUs were signed, doesnt materialise, at least it has sent out a message, that this government is Pro-Development.
Kudos to Yeddy :cheers:

engineer.akash

June 4th, 2010, 03:29 PM

Completely agree with you.... I glad that Yeddy is atleast taking such initiative. Even if all the projects for which MOUs were signed, doesnt materialise, at least it has sent out a message, that this government is Pro-Development.
Kudos to Yeddy :cheers:

Hold on friends BJP has just entered the second year of its tenure and we have PPP project like Gulbarga Airport Deve Ltd(GADL) likewise we have SADL(Shimoga)..

Nandan you wont believe how mind blowing shimoga looks now.....:nuts: 10 KM approach road to Shimoga either side is neatly 4 laned.Most of the roads are under concreting process,with new private bus stands and KSRTC bus stands,lakes developements,airport etc etc.....Same goes with small places like Ranebennur whole town is looking clean ......

Bellary has developed the most-Ring road of hi standard,road tarred every corner of the city,Green field Airport(PPP)-bRAIN CHILD OF jANNARDHAN REDDY etc etc.......BSY truly rocks

nandan_ks

June 4th, 2010, 04:16 PM

^^ Akash, I'm starting to Shimoga in another few hours, will get a first hand report on all these developments and try to capture them through my camera :)

engineer.akash

June 4th, 2010, 04:25 PM

^^ Akash, I'm starting to Shimoga in another few hours, will get a first hand report on all these developments and try to capture them through my camera :)

plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Take day pics.....:)

engineer.akash

June 4th, 2010, 06:11 PM

Fertilizer Project

Company : ZUARI FERTILIZERS AND CHEMICALS LTD.,

Address : Jubliee Bldg. 45, 3Rd Floor, Museum Road, P.B. No. 25075

Bangalore

Location : Mastihole Village, Hukkeri Tq. Belgaum

Project : Urea

Investment in Rs Crore : 4565

Employment : 1560
SOURCE (http://industrymonitor.in/karnataka/2010/05/list-of-other-projects-to-sign-mou-in-karnataka-global-investment-summit-2010/)

engineer.akash

June 4th, 2010, 06:14 PM

Vishwaraj Infrastructure Pvt. Ltd.
Proposed investment – Rs.4,100 crores.
Project Details – To establish 1000 MW Gas based power plant and Development of Composite Industries.
Location - Hukeri Taluk, Belgaum District
Employment Generation – 5,500
Signatory to MOU from Govt – Additional Chief Secretary, Energy Department.
Signatory to MOU from company –

GAIL GAS PIPELINE FROM DHABOL WILL PASS THROUGH BELGAUM
source (http://industrymonitor.in/karnataka/2010/06/1000-mw-gas-based-power-project-by-vishwaraj-infra-mou/)

nandan_ks

June 4th, 2010, 06:52 PM

BANGALORE, JUN 4: As the curtains came down on the Global Investors’ Meet, Karnataka notched up a record investment of Rs 4 Lac crore with the signing of 361 Memoranda of Understanding (MoUs) in a wide and diverse range of sectors from aerospace to textiles, steel, cement, power, food processing, tourism, health to infrastructure promsing to provide direct employment opportunities to a record 8.9 Lac persons and indirect employment to another 2 Lac persons

Even as the Karnataka Chief Minister B S Yeddyurappa and his dynamic large and medium industries minister Murugesh R Nirani, who led from the front in ensuring the success of GIM, were rightly basking in the glory at their achievement, the state government received assurances of full support from the Centre. If Union Law Minister Veerappa Moily and Union Food Processing Minister Subodh Kant Sahai expressed their support at the inaugural function on Thursday, it was the turn of Union Labour Minister Mallikarjuna Kharge to promise all help from the Centre at the valedictory function on Friday.

The Chief Minister, in his valedictory address, made it clear that the signing of MoUs or the total volume of investments generated was only a first step in the long journey in the path of Karnataka’s industrial progress. ``A new era of industrial revolution of Karnataka has begun,” he said.

"The Government would not spare any efforts in keeping its promises to the investors or meeting the deadlines. While the chief secretary and he himself will be regularly reviewing the progress in the implementation of the project, the commerce and industry department will be doing its own follow-up measures,” he said promising that the Government would take every possible steps to cut red-tapism and procedural bottlenecks.

"If you grow and prosper, Karnataka will also benefit because the success and prosperity of the industry would lead to the State’s prosperity. Karnataka’s progress lies in your progress,” he said pointing out that the industrial growth would lead all round development of the state and help the government in continuing with its programme of inclusive growth and the development of the agriculture sector.
Union Labour Minister Mallikarjuna Kharge, in his valedictory address, complimented the Yeddyurappa regime for its pro-active approach and industry-friendly policies and made it clear that it was imperative to build and improve existing infrastructure, roads and highways, develop the power sector and strengthen the resources like irrigation.

``There are no short-cuts in this approach and unless we put all this relevant infrastructure in place, we cannot think that an investor will have confidence to come and set up industry in the state,” he said while pointing out that investors should always bear in mind that sharing of global wealth was not exploitation of the less fortunate sections of people or countries. Inclusive growth

Kharge said the pragmatic and industry-friendly policies of the first Prime Minister Jawaharlal Nehru, while laying the foundation of modern India, in encouraging public sector and infrastructure projects in irrigation, power and steel sectors in the public, joint, cooperative and private sectors and followed by successive governments had largely insulated India from the evil effects of global economic meltdown. The Government realizes that it was important to have regulatory bodies that can instill confidence in the public and industry. ``The objective is not to over regulate but to simplify and strengthen laws in order to create a more conducive investment environment,” he said.

It was necessary to focus on upgrading the skills of labour force and all other stake-holders in the present context of liberalization, globalization and changed economic scenario, he said pointing out that over 400 institutes were being upgraded with World Bank assistance and another 1,396 institutes through public-private partnership. ``By 2022, India will create 500 million skilled workers under the scheme,” he said calling for industry should join hands with the government on the public-private partnership model.

Dr K V Raju, economic advisor to the Chief Minister, in his over-view on the entire GIM exercise said the tremendous response from the industry and investors had given a big boost to the government. While a total of 361 MoUs involving a total investment of Rs 4 Lac crore were signed during the two days of GIM, he said as many as 66 companies came forward to sign MoUs during the last two days with Rs 50,000 crore investment.

``A new era of industrial development has begun in the State,” said Karnataka’s large and medium industry minister Murugesh R Nirani, pointing out that the State will reap rich dividends. ``Development of all-round economic activities, new employment generation and infrastructure facilities will happen throughout the State. The GIM will generate additional revenue to the state exchequer and will be an important milestone in Karnataka’s developmental history,” he added.

SOURCE: DAIJIWORLD (http://www.daijiworld.com/news/news_disp.asp?n_id=78613)

R2IChennai

June 4th, 2010, 08:29 PM

EVen 50 % achievement is a success for GIM, anything more than 30 % success rate i would call that good progress, mind you the yardstick fo measurement for these kind of projects all over the world is never 100 % .

Most of the investments are meant to come, GIM is just an event to showcase it to the world to attract attention. I am glad to see so much investment happening in North Karnataka.

avinash2060

June 4th, 2010, 08:29 PM

* If all investment promises come to fruition, as many as 850,000 jobs will be created in the state

Bnagalore: Karnataka signed 353 agreements with investors who promised to spend as much as Rs4.5 trillion at a two-day global investors meet that ended on Friday.

If the promises are realized, it would create around 850,000 jobs in sectors ranging from steel, cement, auto to energy and information technology.

“This has been a landmark event in the industrial growth of Karnataka,” chief minister B.S. Yeddyurappa said. “The good part is that most of the larger investors showed keen intent to make it work.”

This initiative by Karnataka comes after the success of Vibrant Gujarat, a similar meet through which that state attracted Rs7.5 trillion in investment last year.

Steel makers including ArcelorMittal, the world’s largest steel producer, South Korea’s Posco and Tata Metaliks Ltd promised to build as many as 41 plants.

“Karnataka is more global than any other state in India and we are planning many more projects here, including hotels and infrastructure,” said B. Muthuraman, vice-president, Tata Steel Ltd.

Energy firms followed steel with 24 project proposals. About 20% of the promised investment would be made by overseas investors.

The state government said it expected at least 55% of the promised investment to achieve completion.

Karnataka has in the past week been approached with another 56 new project proposals worth Rs78,395 crore, which will be considered at a meeting later this month.

On education, the government of Victoria, Australia, signed an agreement with Karnataka on Friday to jointly offer vocational training and education.

A new information technology investment region will come up on 10,000 acres in north Bangalore, close to the Devanahalli airport, the state government said.

“This project will also attract Rs1 trillion of investments, bringing four million job opportunities,” said state IT minister Katta Subramanya Naidu.

Separately, US car maker General Motors said it would either launch or showcase an electric vehicle in the Indian market next year, its India chief Karl Slym told reporters at the meet on Friday.

arunpr

June 4th, 2010, 08:43 PM

http://www.hindu.com/2010/06/01/stories/2010060159580400.htm

http://www.thehindu.com/2010/06/03/stories/2010060358430400.htm

Vatal arrested for protesting against Global Investors Meet

Bangalore: The former MLA Vatal Nagaraj, leader of the Kannada Chaluvali Vatal Paksha, was arrested near Kempe Gowda Bus Station here on Wednesday after he tried to hold a “donkeys meet” against the Global Investors Meet (GIM).

The Upparpet police arrested the Kannada chauvinist immediately after his arrival near the bus stand, along with his supporters. The police said that they arrested Mr. Nagaraj for allegedly trying to protest without obtaining permission from the police.

The GIM is to take place here on June 3 and 4. Mr. Nagaraj said: “The GIM was only a way for the Government to hide its mistakes over the last two years and to sell off public property.”

The police were waiting for Mr. Nagaraj and his supporters. Soon after he leader stepped out of a car, the police surrounded and arrested them. There were no donkeys when Mr. Nagaraj and his supporters reached the protest venue. According to the party sources, donkeys were on the way to the protest venue. But, after the arrests, the owners were told to return with their donkeys.

Protest today

Several progressive organisations have expressed fear about the impact of rapid industrialisation on environment, socio and economic conditions of people. A protest has been planned against the GIM in front of Town Hall on Thursday.

Stating that the Government was misleading with the job generation figures following the investment proposals, these organisations have said that more than 7.5 lakh people dependent on agriculture land for their livelihood are set to lose their employment since the land was being acquired for industrial purposes.

On Wednesday, addressing presspersons, representatives of Peoples Solidarity Concerns, People's Union for Civil Liberties (PUCL), Pedestrian Pictures, National Alliance for Peoples Movement, Stree Jagruthi Samithi and Nava Samajawadi Paryaya, said that this rapid industrialisation entailing an investment of about Rs. 3 lakh crore would put pressure on the power and water resources in the State. A large section of the rural population in rural areas is living without power and proper water supply, they added.

vinblr

June 5th, 2010, 02:31 AM

Like Industry leaders, i too feel we need to appreciate Karnataka's BJP Govt led by CM B S Yediyurappa for organising a great event....

Hope all MOUS turn out into actual investments :):)

avinash2060

June 5th, 2010, 06:23 AM

Bangalore, June 4, (PTI)

Karnataka is poised to become the leading food processing hub in India, according to a FICCI-Yes Bank report, thanks to a strong and expanding physical infrastructure base, specific supply strengths and opportunities arising out of gaps in the food value chain.

The report, "Karnataka - An Attractive Investment Destination for the Food Processing Industry", released at the Global Investors' Meet here on Friday, reveals that monthly per capita food expenditure trends in the state follow the same pattern as the rest of the nation.

In urban Karnataka, while monthly per capita expenditure on low value food items like cereals and pulses increased by about 73 per cent and 102 per cent between 1993-94 and 2006-07, spending on beverages and processed food has increased by a massive 144 per cent.

"Clearly, the food processing industry is on the threshold of demand-led growth in the country and within the state of Karnataka," the report said.

It says Karnataka boasts of specific supply strengths, giving the state a comparative advantage to become a leading food processing hub of the country. With 10 agro-climatic zones and land topography highly suitable for agriculture, Karnataka is one of the most agriculturally diverse states in India.

It is estimated that about 83 per cent of the geographic area of the state is suitable for agriculture, of which 64.60 per cent is under agricultural cultivation.

Consequently, Karnataka is the largest producer of ragi, sunflower, tomato, coffee and arecanut and the second largest producer of maize, safflower, grapes, pomegranate and onion.

The state is also the largest producer of spices, aromatic and medicinal plants in the country. In addition, the state has a wealth of livestock and marine resources that augur well for processing of dairy, meat, fish and shrimp.

Karnataka, the report points out, also takes pride in having a strong and expanding infrastructure base for setting up food processing facilities in the state.

Karnataka has an excellent road network of about 52,000 km, a railway network of about 3,180 km, two major and eight minor ports, five domestic airports and two international airports. The state also has very strong agri-infrastructure, including 146 main market yards, 352 sub-market yards, 138 cold storages of about 0.4 million tonnes capacity and warehousing capacity of about 1.95 million tonnes.

These strengths are further augmented by policy-makers' efforts to promote development of supporting agri-infrastructure, especially through initiatives like crop cluster development, food parks, agri-economic zones and agri-SEZs among others, it said.
source:http://www.deccanherald.com/content/73376/karnataka-poised-become-leading-food.html

avinash2060

June 5th, 2010, 06:25 AM

Bangalore, Jun 4, (PTI):

Karnataka on Friday aggressively wooed healthcare providers by showcasing the state as an ideal investment destination with huge market and demand potential in various health related fields, including medical tourism and medical equipment.

"It is estimated that patients from 42 countries visit Bangalore to get treatment", Ramachandra Gowda, Minister for Medical Education said at the Global Investors Meet here on Friday.

"Karnataka is the knowledge hub of Asia. Bangalore has been ranked number two in existence of health facilities in the country in a research by National Population Stabilization Fund with the National Informatics Centre", he said.

Outlining opportunities in the healthcare and wellness sectors, he said there is a need to set up sophisticated super speciality Hospitals in all districts to provide the best treatment at affordable rates.

The hospitals need to have sophisticated equipment like high versions of Direct Digital Radiography, MRI machines, cyber shot cancer treatment equipment and CT scans, he said.

The minister said an estimated 12 per cent of the world's total business turnover is in the field of medical equipment. India, which has one sixth of the world's population, has ample opportunities in this space.

In the fast growing field of Ayurveda,Karnataka offers an advantage in terms of being a resource for herbs needed to produce such creams and oils in Ayurveda.

Karnataka plans to set up an exclusive healthcare city near Bangalore International Airport, which again spells out ample opportunities for investors seeking to invest in the state in the medical healthcare field, he said.

Dr Devi Shetty, Chairman, Narayana Hrudayalaya said India produces among the largest numbers of doctors and nurses and medical technicians in the world.

Its investor-friendly ambience,availability of best medical equipment, high quality standards, rigid blood bank rules and medical visa for foreigners has seen growing investments in the field.

A supportive government and bureaucracy in Karnataka provided the right ambience for those looking to pump money in the state, he said.
source:http://www.deccanherald.com/content/73377/karnataka-woos-medical-healthcare-wellness.html

avinash2060

June 5th, 2010, 06:30 AM

http://epaper.timesofindia.com/Repository/getimage.dll?path=TOIBG/2010/06/05/25/Img/Pc0251000.jpg
The GIM has guaranteed direct employment to 26,000 people in the state’s healthcare sector. Eleven MoUs were signed on Friday in the sector, with total investment of Rs 4,500 crore.
Health minister B Sriramulu said: “We are facing problems in providing trained medical and paramedical staff. This is because of deficiency in service delivery. To solve this, we have launched schemes under PPP, providing the private sector a good opportunity for managing PHCs and government hospitals in the state.’’
Medical education minister Ramachandra Gowda said: “Bangalore comes second in healthcare service. This, as per a study done by the National Population Stabilisation Fund and National Informatics Centre. Soon, there’ll be an exclusive health city at the Bengaluru International Airport through PPP.’’
Four central locations in Bangalore have been identified for PPP — 250-bed hospital at Indiranagar; 10 acres at HRBR Layout; 10 acres at Magadi Road, Sumanahalli junction and at Banashankari. Preferential treatment will be given to patients from BPL families,’’ health commissioner D N Nayak said.
Narayana Health City chairman Devi Prasad Shetty said: “Karnataka provides phenomenal tax benefits for healthcare investors. With 39 medical colleges and a prestigious university like Rajiv Gandhi University of Health Sciences, there is adequate human resources. Favourable weather is another big factor for most medical specialists to stay on in Bangalore.’’
Pro-chancellor of Manipal University Dr H S Ballal said with 80% of healthcare service accessible in urban areas, more investment is needed in rural and backward areas.
Enough fodder for the mind
TEAM TOI
Food technology (FT) is bulkier and heftier than information technology (IT) and biotechnology (BT) put together. “For, the former already has a consumption base of over 1 billion multiplied by 3 — breakfast, lunch and dinner,’’ said V Prakash, director, CFTRI (Central Food Technological Research Institute).
Given the sheer market potential of the space, a large number of entrepreneurs should foray into agro-processing. “Food security is critical; we are not talking about enzymes and chemicals. Everyone is health conscious. I request the state government to offer adequate handholding to small and medium food entrepreneurs,’’ he stressed.
Sajay Guhlot, director (food processing), Union ministry of food processing, said India’s GDP is expected to exceed that of Italy, France and Germany by 2020. The country’s food production is 856 million tonnes a year against US’s 608 million tonnes.
The state government is currently reworking the draft of the food processing policy; the cabinet is expected to clear it shortly.
source:http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2010/06/05&PageLabel=26&EntityId=Ar02500&ViewMode=HTML&GZ=T

avinash2060

June 5th, 2010, 06:34 AM

An investment of Rs 4 lakh crore, 353 MoUs and 8.65 lakh new jobs. That’s the final tally at the end of the two-day Global Investors Meet(GIM) held in Bangalore. BS Yeddyurappa and his colleagues have much to cheer as they have achieved the objective with which they had held this ambitious meet attended by the ‘who’s who’ of India Inc and over 5,000 delegates.
Tucked away in fine print was the fact that BSY’s colleague, tourism minister Janardhana
Reddy’s company Brahmani Industries, emerged as the biggest investor at GIM with its proposed 6-million-tonne steel plant at an investment of Rs 36,000 crore easily outstripping L N Mittal’s more-hyped Rs 30,000-crore project, also in Bellary. Korean steel giant Posco, virtually out of the race before the GIM as the state government and the company couldn’t agree on terms, is back in the fray having signed an MoU for another 6-million-tonne steel plant.
The CM said he would review the progress every quarter, and chief secretary S V Ranganath every month. The government is signing MoUs with banks to provide financial support. While the mega MoUs had been signed on Thursday, Friday saw proposals for a World Trade Centre at Devanahalli being made by an Emirati consortium. The IT sector saw a clutch of MoUs being executed proposing Rs 40,000 crore of investment. The automobile sector also saw a lot of action with investments flowing into many sub sectors. A detailed project report on mono rail was submitted to the CM as many are willing to finance the project.
While the GIM ended on a high note, Bangaloreans will mourn the end of the two-day event as it will be lights out after two days of continuous power supply. The GIM would be a real success if all the investment results in power outages become history.
source:http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2010/06/05&PageLabel=1&EntityId=Ar00101&ViewMode=HTML&GZ=T

avinash2060

June 5th, 2010, 06:37 AM

The hope of Bangalore to be home to the tallest tower in the country is still alive. This hope to construct more than 100-storey World Trade Centre (WTC) comes from Abu Dhabi, home to Burj Khalifa, tallest building in the world. A delegation from the UAE led by NRI industrialist B R Shetty involving Omair Al Dhaheri, chairman of MIDIEN Holdings, Syed Khali, Group executive director and Mustafa Galadari Group, who participated in the Global Investors’ Meet (GIM), presented the blueprint to CM Yeddyurappa.
“We are clear that our venture will not be in the Race Course. The Abu Dhabi based company has evinced interest near BIA and the tower will be modelled on the lines of Burj Khalifa,’’ Shetty told The Times of India.
source:http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2010/06/05&PageLabel=25&EntityId=Ar02400&ViewMode=HTML&GZ=T

avinash2060

June 5th, 2010, 06:47 AM

Bangalore: With the number of travellers who take to the skies rising steadily, the Bengaluru International Airport (BIA) is set to get a second terminal soon. The Bengaluru International Airport Limited (BIAL) has submitted a proposal for the construction of the second terminal to the state government. Tourism and infrastructure minister G Janardhana Reddy made an announcement to this effect at the Global Investors Meet (GIM) on Friday, and said that the government would work towards clearing the proposal at the earliest.

The Board of Directors of the BIAL recently approved plans for the expansion of passenger Terminal 1 at the airport. Presenting plans for improving air connectivity in the state, Janardhana Reddy said that airports are being developed at Hassan, Shimoga, Bellary, Bijapur, and Gulbarga under the public-private partnership (PPP) model. Mysore and Mangalore airports have already been upgraded, and 13 airstrips will be developed in 13 districts, the minister said.

Heli-tourism from August

Efforts to set up an ambitious heli-tourism project are all set to yield results. At the GIM on Friday, Oasis Airlines Limited signed a MoU with the state government to start the heli tourism project from August this year. Tourism minister Janardhana Reddy said that Oasis Airlines would start with four helicopters, and the fleet would gradually be augmented. In the first phase, the Hampi- Badami-Aihole corridor would be connected with helicopters that serve tourists, and the tour would be four days long.

Mono rail report ready

As the metro construction progresses, the government has also considered the need for feeder services to the metro. The state government has decided to offer mono rail connectivity in two phases to serve those who would need to get to the metro stations. In the first phase, 31 km will be developed at a cost of Rs5,600cr; in the second phase, 15 km of mono rail would be laid. Sumitra Iyengar, director-infrastructure, Geodesic Techniques, on Friday submitted a detailed project report (DPR) on mono rail connectivity to infrastructure and tourism minister G Janardhana Reddy.

The first phase of the mono rail corridor will start from Hebbal and end at JP Nagar, along the western portion of the Outer Ring Road (31 km); in the second phase, the rail will extend from the Peripheral Ring Road to the toll gate along Magadi Road (9 km). The proposed alignment directly links (approximately) four metro stations one railway station (Bengaluru Central) and both Lalbagh and Cubbon Park.

Fresh tenders for Bidadi township

Bidadi, one of the five townships being developed by the Bangalore Metropolitan Region Development Authority (BMRDA) got a fresh lease of life on Friday as the state government issued fresh tenders. August 30 is the last date for filing applications.

The township is set to come up on 9,000 acres of land near the Bangalore-Mysore highway. It is expected to reduce congestion in Bangalore. Ramanagar, Sathnur, Solur and Nandagudi were the four other townships first proposed by the HD Kumaraswamy government. The Bidadi township project was put in cold storage after DLF Building India, which won the bid for the development of the township in 2007, withdrew and took back the Rs400 crore deposit as the world economy went into recession in 2008.
source:http://www.dnaindia.com/bangalore/report_big-push-for-infrastructure-in-karnataka_1392123

avinash2060

June 5th, 2010, 03:22 PM

The tone for a new world and new method of computing was set on Friday. And the government was willing to travel the extra mile to make it a reality

Commitments to the tune of Rs45,500 crore was made at a session on the IT sector at the GIM.
Ashok Kumar Manoli, principal secretary, department of IT, BT, Science and Technology, said that the Centre had approved the ITIR (information Technology Investment Region) near the Bengaluru International Airport in Devanahali.
“ITIR will be an integrated township with walk to work facilities and will be only 12km from the airport,” he said, while calling the project a “magnet of attraction”.
Minister for IT & BT Katta Subramanya Naidu assured improved infrastructure in the city. Addressing the session, he revealed his dream: “Bangalore should be able to capture one fifth of all IT-related work globally in a few years.”
The new world was the theme of the many speakers. Delivering the keynote, Kris S Gopalakrishnan, CEO and managing director of Infosys Technologies, said Bangalore needed to be part of a new world of computing – pervasive computing (a system where almost every device has computational capabilities).
Harsh Manglik, chairman and geography managing director for Accenture India, and chairman of Nasscom termed Bangalore as a talent magnet. He said that there were about 2,000 technology-related companies in the city.
Infosys would investment Rs 710crore in the ITIR, creating 12,000 jobs, while Manyata Developers Limited would build service apartments and an IT&BT Park with an investment of Rs1,880 crore. The park was likely to generate more than a lakh jobs.Other companies which signed MoUs on Friday included Wipro (Rs477crore), Larsen & Toubro (Rs650 crore) and Chandra Developers Pvt Ltd (Rs459.98crore).
source:http://www.dnaindia.com/bangalore/report_global-investors-meet-promises-2-81-lakh-jobs-in-it-sector_1392133

ashwinsna

June 5th, 2010, 03:37 PM

Most of the investments are meant to come, GIM is just an event to showcase it to the world to attract attention. I am glad to see so much investment happening in North Karnataka.

I Agree.

ChennaiIndian

June 6th, 2010, 05:43 AM

you may be from Andhra Pradesh, but Reality is Andra Pradesh is stuck by a CIvil War property prices are falling only a fool wud Invest there,Karnataka has more conducive Environment which is peaceful and where skilled Man Power is easily Available,Karnataka and Kannadigas are known for their Hospitality

Yes, as long as you don't demand jobs for locals (by quoting the huge difference between the jobs being offered to locals and others), we will call you the most hospitable guys :okay:.

ChennaiIndian

June 6th, 2010, 05:53 AM

gentem

June 6th, 2010, 08:25 AM

^^ No point is spreading aviation/BT kind of niche industry.. which is small industry compared to steel/cement/IT. Out of 4 lakh crore bellary alone receives 1.7 lakh crore.

As for IT, mangalore/mysore/hubli have to compete with hyderabad/pune/chennai. Only bangalore can deal with those biggies :) In fact for other industries than IT bangalore is too costly to work out.

Yes, as long as you don't demand jobs for locals (by quoting the huge difference between the jobs being offered to locals and others), we will call you the most hospitable guys :okay:.
Only unskilled labor should give priority to locals. In case if we demand skilled job for locals only, then quality will fall and will lead to loss for the investor.

gentem

June 6th, 2010, 09:44 AM

Karnataka Tries To Best Gujarat

Karnataka is rolling out the red carpet for investors today in an effort to divert the limelight from — and ultimately topple – Gujarat as India’s favorite investment destination, according to state officials.

http://blogs.wsj.com/indiarealtime/2010/06/03/karnataka-tries-to-best-gujarat/
By Rumman Ahmed
wsj

avinash2060

June 6th, 2010, 04:02 PM

Rs 3.92 lakh crore promised for State
GIM: Govt yet to make details of MoUs public
Bangalore, June 5, DHNS:

The State government signed 361 Memoranda of Understanding (MoUs) with investors, who promised to invest a whopping Rs 3.92 lakh crore in the State during the two-day Global Investors’ Meet (GIM) held at Palace grounds.

However, what these MoUs were about has been a nagging question for one and all, a day after the GIM.

The government refused to disclose any details of any of the MoUs.

“MoUs differ from each other. It depends on the kind of project and cost...We cannot disclose those details at this juncture,” said Industries Minister Murugesh Nirani said.

Some of the prominent companies that signed MoUs with the State government are ArcelorMittal, POSCO, Reliance, Brahmani Steel, Rajashree Cements, Wipro, Infosys, JSW Group, Shell and HAL.

Incentives?

Has the government promised special incentive package to top companies for investing in any specific sector in the State? Are these MoUs in the interest of the State? Will the local people benefit from these MoUs? These are some of the questions that needs to be answered.

As many as 3,900 companies across 18 countries and 21 Indian states participated in the GIM held at Palace Grounds in Bangalore. Companies from the US, UK, Germany, France, South Korea, Japan, Malaysia, Sweden, Singapore, China, Switzerland, UAE, Saudi Arabia, Sri Lanka, Egypt, Israel, Canada and Netherlands also participated.

As many as 7,600 delegates took part in the two- day meet, stated a release
http://www.deccanherald.com/images/editor_images/June%202010/June%206%202010/gim-400.jpg
http://www.deccanherald.com/images/editor_images/June%202010/June%206%202010/total-400.jpg

avinash2060

June 6th, 2010, 04:04 PM

Bangalore, June 5, DHNS:
source:http://www.deccanherald.com/content/73694/meet-wasteful-exercise-cong.html
http://www.deccanherald.com/images/editor_images/June%202010/June%206%202010/siddu-200.jpg
State Congress leaders have criticised the BJP government over the Global Investors’ Meet (GIM), as well as for taking on the Governor over mining issue.

Addressing a press conference in Bangalore on Saturday, Congress leader Siddaramaiah said the Yeddyurappa government had lost its image due to rampant corruption in its administration, power shortage and slow pace of development. In order to cover up, the government conducted the GIM.

The government instead of focussing on building houses for the flood-hit victims has wasted a month in preparing for the GIM, Siddaramaiah added.

There are capitalists in the BJP Cabinet. There was no need to conduct the GIM. It was an event held to primarily facilitate the family members of ministers Janardhana Reddy, Murugesh Nirani, Govind Karjol and others to sign MoUs with the government, Siddaramaiah alleged.

No land for real estate

Siddaramaiah said that land acquired from farmers should not be clandestinely used for real estate purpose. Going by the investments shown on paper, at least 2 to 3 lakh acres would be required for establishing industries.

The food production in the State has come down drastically due to shrinkage of agriculture land, he pointed out.

The Congress is opposed to acquisition of fertile land for industries. Ore deposits in the State should not be looted. A survey should be conducted to assess the requirement of land, insisted senior Congress leader.

At a separate press conference, Congress leaders V S Ugrappa and K C Kondaiah took exception to the remarks made by State BJP President K S Eshwarappa against Governor Bhardwaj.

The Congress leaders said that the Governor was trying to uphold the law of the land and protect natural resources. The governor has done a right thing by referring the complain against Janardhana Reddy to the Election Commission.

Euromast

June 6th, 2010, 04:15 PM

Typical opposition. nothing constructive.

Krishnamoorthy K

June 6th, 2010, 07:40 PM

Karwar: To the disappointment of many in Uttar Kannada, Memorandum of Understanding (MoU), for the projects worth of thousands of crores of rupees have been passed for North Karnataka region, but not a single project for Uttar Kannada district has been passed in the Global Investors' Meet.

Read more here (http://www.sahilonline.org/english/news.php?catID=coastalnews&nid=8167).

I think Tadadi project is on. Also Birla is investing on Harihar project?

Krishnamoorthy K

June 6th, 2010, 07:46 PM

Buoyed by the emphatic investor response to Karnataka, leading banks have pledged to dole out over Rs 40,000 crore as funds to the Global Investors Meet (GIM) projects, bank officials told Financial Chronicle. The amount could get bigger as investment plans get firmed up.

The two-day mega event, held after a decade, attracted unprecedented confidence from Indian business groups such as Tatas, Birlas, Ruias and global leaders like ArcelorMittal, POSCO and Nestle. Boards of financial institutions have already given in-principle approvals to lend over Rs 40,000 crore to the projects that are expected to create over 8 lakh jobs and add fuel to the state's economic cylinders.

A C Mahajan, chairman and managing director, Canara Bank (Karnataka’s largest lender), said that the bank's board has approved an initial amount of Rs 20,000 crore. “Sky is the limit practically. The Rs 20,000 crore is only the beginning. The Rs 4 lakh crore projects will need much more (with some mega projects expected to have much more debt funding),” he said. State Bank of India, the country's largest lender, has earmarked Rs 5,000 crore for Karnataka projects. “The bank is expecting these funds to be used in less than 3 years”, Arundhati Bhattacharya, chief general manager, State Bank of India said. Government officials said that the debt portion for steel and energy projects, which have attracted nearly Rs 3 lakh crore of investment commitments could require around 60-75 per cent of the amount in debt. “Big-ticket projects will see a consortium of banks joining hands. This is a reason we have signed MoU with over 20 financial institutions,” said a top state government official.

M S Chalapathi Rao, general manager, Andhra Bank, said his organisation has earmarked Rs 2,500 crore funds for GIM projects. “Financial closure and assistance will not be a problem as majority of the proposals have come from renowned companies with proven track-record. We might revise the amount higher in future,” he added.

Officials from Syndicate Bank as well as State Bank of Mysore said that they have approved Rs 6,000 crore each for the GIM projects. Representatives of Axis Bank, IDBI Bank and Indian Bank disclosed that ‘substantial’ amounts have been given in-principle approvals for the GIM projects.

The state government has set up a cabinet sub-committee to sanction additional incentives.

mydigitalfc (http://www.mydigitalfc.com/stock-market/banks-pledge-rs-40000-cr-karnataka-projects-394)

Shree Cement to invest Rs 2000 cr in Karnataka (http://www.ptinews.com/news/695790_Shree-Cement-to-invest-Rs-2-000-cr-in-Karnataka-)

ChennaiIndian

June 7th, 2010, 02:28 AM

http://www.deccanchronicle.com/bengaluru/gim-raises-%E2%80%98power%E2%80%99-prospects-960

Bengaluru, June 4: There seems to be light at the end of the tunnel for the energy department as its power pitch to lure investors for the proposed gas based projects in the state at the Global Investors Meet resulted in as many as 135 Expressions of Interests by prospective investors on Friday.
But the state has to first tackle associated problems such as fuel, high LNG costs and more importantly making sure the proposed gas pipeline in Karnataka is completed on time.
Having given out the project outline for the two state based gas based projects in Bidadi and Tadadi (Karwar), Mr Jaamdar said the state was taking a huge risk banking on the Gas Authority of India Ltd (GAIL) to complete the pipeline project by March 2012.
“We have been hearing that Karnataka will get the gas pipeline for over a decade now. But it hasn’t materialised. GAIL says the pipeline will be completed by March 2012. Keeping that in mind, the 1,400
MW plant has been proposed in Bidadi,” said Mr Jaamdar.
The only respite for KPCL is that GAIL has finally agreed to pay compensation (commitment charges) if the project isn’t completed on time.
Putting all concerns to rest, GAIL marketing director Prabhat Singh said the pipeline would be completed on time.
“Around 60 people are presently working in Karnataka and so far we have received 14 tenders. The final tender will be awarded by July, and by October we will start the work,” he said. The state has invited private participation for the proposed 3,000 MW of gas based power projects at a cost of Rs 12,000 crore. Three 700 MW plants will be set up at Belgaum, Davangere, and Gadag districts, while 900 MW have been offered on “merchant power” basis to be developed by private parties.

...

ChennaiIndian

June 7th, 2010, 02:28 AM

http://www.deccanchronicle.com/bengaluru/day-2-state-strikes-mono-rail-airstrip-port-deals-966

Bengaluru, June 4: Scomi Geodesic of Malaysia has come forward to build the Mono Rail in Bengaluru using the Swiss Challenge Method, according to infrastructure and tourism minister G. Janardhan Reddy.
Jupiter Aviation and Logistics has bagged the Hassan airport, and the Maytas have been given the job of building the Gulbarga airport. MoUs were also signed for the Tadadi and Haldipur ports at the Global Investors Meet(GIM) on Friday. The Bidadi Integrated Township Project (BITP), which has been approved by the government, received several queries from interested investors during the GIM, which saw infrastructure bag an investment of nearly Rs 1,900 crore.

...

ChennaiIndian

June 7th, 2010, 02:29 AM

http://www.deccanchronicle.com/bengaluru/no-takers-electric-3-wheeler-965

Bengaluru, June 4: The final day of the Global Investors Meet witnessed an unusual bid for investment. An electric auto with multiple posters asking ‘Who will invest in this?’ was doing the rounds at the venue.
Designed and developed by Syed Sajjad Ahmed, the zero pollution three-wheeler, made completely from scrap, brought into sharp focus the negative effects of fuel-run vehicles. “We have to work towards reducing emission. This electric auto can serve as a public utility vehicle,” Mr Ahmed said.
Mr Ahmed, who runs an electronics store along with his son on SJP Road, also deals in scrap. He used discarded chairs for the driver as well as the passengers seats, a water meter to record the km and a serviced engine for his auto. The class 12 drop-out said he always wanted to innovate. “I have always found the area of renewable energy and emission-free vehicles interesting. After developing a two-wheeler and a four-wheeler, the auto seemed more useful for the city,” he said.

...

Ausraja

June 7th, 2010, 04:47 AM

Nirani has confirmed today that not all MOU's may Materialize(in one of kannada news).He also said that he would be happy even if 60% of MOU's are succesfull.The facts from investments in karnataka is that only ~50% of proposals are normally Materialized.

Lets also not be crazy about this so called investers because if I being a businessman would normally be interested in making profits rather then giving the government benefits from my investments or the people of the state getting benefitted from my proposal.

One of the proposals that i saw was for an investement of 40 crores in ~1000acres of land in north karnataka which is a clear case of land grabbing and real estate.if i was GOK then would have blasted such propaosal as gok has to provide subsidised electricity , water , tax , roads , airport etc etc for this so called invester along with providing farmers land.

I am not anti development but we need to give a clear thought about what we need and what fits into our way of life to clear this projects.In fact its all about developments to make peoples life better and not about allowing some one to grab our land/mineral wealth etc and brand it as development.

ChennaiIndian

June 7th, 2010, 05:14 AM

^^ This is worrisome. :ohno:

Did Gujarat get 100% success in signed promised MoUs to actual projects? In general, what is the success rate?

gentem

June 7th, 2010, 06:53 AM

gentem

June 9th, 2010, 12:08 PM

Karnataka bags investments worth Rs 4 trillion
http://ibnlive.in.com/news/ktaka-reaps-bonanza-at-global-investors-meet/122053-7.html?from=tn

Bangalore: Karnataka concluded the Global Investors Meet (GIM 2010) late Friday on a high note, with investments worth Rs.4 trillion (about $.85 billion) flowing in for about 400 projects to be implemented over next four-five years to generate employment potential for 865,000 people.

The two-day mega event, held for the second time after a decade, witnessed agreements being signed even at the valedictory function by seven firms and 20 state-run and private banks with the state government committing funds for infrastructure.

Among the leading firms that entered into memoranda of understanding (MoU) in the concluding session are Tata Metaliks for enhancing its steel production capacity to three million tonnes per annum (mtpa) from 0.7 mtpa at an investment of Rs.15,000 crore (Rs.150 billion) and Zuari Fertilizers & Chemicals Ltd committing to invest Rs.650 crore for one mtpa plant in Uttara Kannada district in the coastal region.

Similarly, the Reserve Bank of India (RBI) Note Mudran Ltd has signed an MoU to set up a 12 mtpa currency note paper manufacturing plant at Mysore for Rs.1,180 crore.

"We need to take this momentum forward and accelerate industrialisation in Karnataka with an inclusive growth. The state government should set up a task force with the Confederation of Indian Industry (CII) to achieve the set goals within the timeframe," Tata Steel vice-chairman B. Muthuraman said at the valedictory function.

Among the major banks that have entered into MoU with the state government are State Bank of India (SBI), Canara Bank, Syndicate Bank, IDBI Bank, Bank of India, Andhra Bank, Indian Bank, Vijaya Bank and Axis Bank.

Union Labour Minister Mallikarjuna Kharge, who hails from Karnataka, assured the state government of the central government's full support in facilitating the execution of various projects in diverse sectors.

"There are no short-cuts in this approach and unless we have the infrastructure in place, we cannot expect investors to come and set up industries in the state," Kharge reminded the state government.

In his valedictory address, Chief Minister B.S. Yeddyurappa made clear that the agreements or the total volume of investments generated was only a first step in the long journey of the state's industrial progress.

"A new era of industrial revolution has begun in Karnataka. Our government will not spare any effort in fulfilling its promises to the investors, including meeting deadlines," Yeddyurappa told the participants.

State industries department Principal Secretary V.P. Baligar said the state government had received 88 fresh proposals worth Rs.90,000 crore in the infrastructure sector under the public-private partnership (PPP) mode.

"These proposals will be taken up at the next state's high level committee meeting along with 56 more industry proposals worth Rs.78,395 crore that were received in the last one week," Baligar said.

Of the 400 projects, 208 were signed on the first day of the GIM (Thursday) worth Rs.3.29 trillion (Rs.3.3 lakh crore).

Iron & steel sector attracted 38 proposals worth Rs.2.21 trillion (Rs.2.2 lakh crore), followed by cement sector with nine projects worth Rs.36,991 crore (Rs.370 billion) and energy sector with eight projects worth Rs.25,214 crore (Rs.252 billion).

Among the major steel projects are from ArcelorMittal, Posco and Bramhani Karnataka Ltd, which have proposed to set up six mtpa plants each at an estimated cost of Rs.30,000-36,000 crore in Bellary and Bagalkote districts.

The state government has set up a cabinet sub-committee headed by the chief minister to sanction additional incentives on a case-by-case basis and depending on the quantum of investment.

engineer.akash

June 9th, 2010, 09:41 PM

Essar to invest $4.7 bn in steel plant in K’taka
Bloomberg
Posted: Friday, Jun 04, 2010 at 2340 hrs IST
Updated: Friday, Jun 04, 2010 at 2340 hrs IST

Essar Steel, India’s fourth-biggest producer, plans to invest Rs 220 billion to build a steel plant in Karnataka, chairman Shashi Ruia said. The plant will have annual capacity of 6 million metric tonne, Ruia said on Thursday at the global investor conference in Bangalore. The mill—to be located in Bagalkot district—will be commissioned in the year ending March 31, 2015, spokesman Manish Kedia said.

Essar plans to add steel capacity as India spends Rs 1,74,000 crore to set up road, port and power infrastructure by March. Steel demand is expected to grow at 9% this fiscal year as higher income pushes up demand for housing, cars and appliances, GK Basak, executive secretary of the steel ministry’s joint plant committee, said on April 6. Essar aims to double production capacity to 14 million tonne this calendar year, chief executive officer Malay Mukherjee had said on February 16.
FE (http://www.financialexpress.com/news/Essar-to-invest-4-7-bn-in-steel-plant-in-Ktaka/629217/)

gentem

July 9th, 2010, 10:53 AM

BS (http://www.business-standard.com/india/news/state-needs-80000-acres-for-new-industries/400777/)

Karnataka government has incurred an expenditure of Rs 29.20 crore for the recently concluded global investors’ meet (GIM) in Bangalore, minister for large and medium industries minister Murugesh R Nirani said.

Replying to members’ queries in the state legislative council, here on Wednesday, he said the department of industries and commerce was still scrutinising the bills and the exact amount of money spent for the mega event would be worked out later. During the event state signed MoUs for an investment of close to Rs 4 lakh crore on June 3 and June 4, 2010.

Out of Rs 29 crore spent on GIM, the state government had released Rs 14 crore and Karnataka Industrial Area Development Board had released Rs 10 crore and the balance Rs 5 crore was yet to be released by the government. The total expenditure incurred for advertisements released in national, state and district level newspapers by the department of industries and commerce was about Rs 3.5 crore. For advertisements released in international journals Rs 92 lakh was spent, he said.

Giving details of the projects cleared at the GIM, he said all the projects, if executed, would require about 80,000 acres land, 3,338 million litres of water per day and 3,893 Mw of power.

Apart from providing land, water and power, the proposed projects would be extended incentives and concessions as per the industrial policy of the state and policies of other departments. The government would make all efforts to provide early clearances from all the departments of the state, Nirani stated.

He said global investors’ meet was held twice in the state during the last 10 years and only 120 projects, cleared during the first GIM held in June 2000, have been implemented.

Replying to another question, he said during the last 10 years, the state has attracted Rs 30,675 crore worth of foreign direct investment into the state.

^^ Emphasis mine, that was the summary

gentem

October 25th, 2010, 05:01 AM

Farmers ready to part with land
Anil Kumar M, TNN, Oct 25, 2010, 12.42am IST

BANGALORE: Karnataka's political classes might be striking deals and engaging in a war of words, but this has in no way affected the smooth progress of work for some of the multi-billion dollar industrial projects in the state.

ArcelorMittal, the world's largest steel producer, which plans to set up a 6-million tonne per annum plant in Bellary district with an estimated investment of Rs 30,000 crore, is now seeing farmers come forward to accept compensation for their land, to be acquired for the project.

Initially, certain farmer groups in Bellary had opposed the steel giant's plans as they were seeking compensation higher than what was fixed by the state government. ArcelorMittal would be requiring around 4,000 acres for its steel plant and the government has fixed land compensation rates in three slabs -- Rs 8 lakh, Rs 12 lakh and Rs 16 lakh per acre.

According to large and medium industries minister Murugesh R Nirani, farmers have started accepting the compensation amount and he expects this number to rise substantially in the coming weeks. Giving other sops to the farming community, the minister said that priority of jobs in the ArcelorMittal steel plant would be given to those farmers who come forward to accept the compensation amount. "The new development land compensation policy by the government will add a great deal for the land losers,'' Nirani told The Times of India.

READY AND RARING

ArcelorMittal is the first to get off the block in setting up its steel plant in Karnataka, being among the many who signed agreements with the government during the Global Investors' Meet (GIM) in June 2010. At GIM, Karnataka received investment proposals worth Rs 4 lakh crore from diverse industries and sectors.

Chief minister B S Yeddyurappa has already formed a cabinet sub-committee to dole out incentives for proposals signed during GIM. Further, there is also another committee headed by chief secretary S V Ranganath, monitoring all the investment proposals on a monthly basis.

Nirani said the industries department also formed a separate team to monitor the progress of the investment proposals. "Earlier, it was industries who were asking us about the progress of their investment proposals but now it is the other way round,'' he remarked.

STEEL FIRMS PAY UP FOR LAND

During the GIM, it was the iron and steel sector which attracted the highest attention with investment proposals worth Rs 2 lakh crore, which included companies such as Posco, Bhushan Steel and Essar. The state government has earmarked the districts of Bellary, Raichur, Koppal, Bagalkot, Gadag and Haveri as the proposed steel zone.

Most of these companies have already deposited huge sums of money with the Karnataka Industrial Areas Development Board (KIADB) for acquisition of land. Posco has deposited Rs 60 crore and sought 2,500 acres in Koppal district. Essar Steel has deposited Rs 25 crore to acquire 1,500 acres in Gadag district for its 6 mtpa plant. Besides these steel majors, the others who have also deposited the money towards land acquisition include Brahmani Steel, seeking 5,000 acres in Bellary district, as well as Bhushan Steel for 4,000 acres in the same district. Surya Vijayanagar Steel has sought 500 acres in Bagalkot district.

Read more: Farmers ready to part with land - The Times of India http://timesofindia.indiatimes.com/city/bangalore/Farmers-ready-to-part-with-land/articleshow/6805821.cms#ixzz13KsXW8PA

gentem

January 13th, 2011, 05:05 PM

Vibrant Gujarat: India Inc vows Rs 21L cr
(http://www.financialexpress.com/news/vibrant-gujarat-india-inc-vows-rs-21l-cr/737088/)
Gujarat Chief Minister Narendra Modi today said the state has been able to attract investments to the tune of Rs 20.83 lakh crore during the two-day long Vibrant Gujarat Summit 2011.
Speaking at the final session of the summit, Modi said as many as 7,936 MoUs were signed by the state government with several industrial houses to invest in the state.

guj meet is 5 times bigger than ktaka's :ohno: GIM bangalore had 4 lakh crores

Karnataka inks Rs2,200 crore worth MoUs on the first day of Vibrant Gujarat Global Summit
(http://www.dnaindia.com/india/report_karnataka-inks-rs2200-crore-worth-mous-on-the-first-day-of-vibrant-gujarat-global-summit_1494039)Published: Thursday, Jan 13, 2011, 16:56 IST
By DNA Correspondent | Place: Ahmedabad | Agency: DNA

"We have learnt from our mistakes and now we are building a land bank in our state. We lost Tata Nano project due to lack of enough land and Gujarat got it, as it had the land ready," said VP Baligar, principal secretary for commerce and industries department of the Karnataka government on the first day of Vibrant Gujarat Global Summit on Wednesday.

A delegation of nearly 100, comprising more than 60 businessmen & industrialists and Karnataka government officials, are participating in the event.

The Karnataka government received some on the spot responses after their presentation in the seminar.

"We have received three expressions of interests after our seminar. So far we have got 15 MoUs signed in the steel, textile, engineering and cement sectors for investments of around Rs2200 crores," said Baligar.

Talking about VG '11, he said, "We also had a similar kind of investment summit 10 months ago and it was our first summit.
Gujarat which has organised 5 summits in last 10 years has a permanent structure while ours was held in a temporary one."
Baligar said they are creating a land bank to facilitate prompt investment in the state promptly.
2 thousand crores against 20 lakh crores... :cheers:

naveen_blr

January 14th, 2011, 06:03 AM

This was the first time Karnataka has had something like this...it takes time to build a brand which was ruined for so many years by petty politicians.

avinash2060

January 21st, 2011, 05:46 AM

1>Infosys ,TCS and WIpro seems to be agitated by the State's Apathy
2>AERO Park whats the progress here
3>Global Financial District
4>Hard ware and semi Conductor front??

It seems BJP is busy allocating land to it's kith and kin .This is what Infosys Said

CITY WILL SOON LOSE INFOSYS EDGE TO PUNE
Thanks to the apathy of successive Karnataka governments,the company has decided to shift its operational base to Pune.Within a year,its Pune campus will surpass the Bangalore headquarters both in terms of employee strength and the built-up area

Sameer Ranjan Bakshi sameerranjan.bakshi@timesgroup.com

Bangalore,the Silicon Valley of India.The tag has been the citys pride.But now,it is about to be robbed of the tag blame it on the apathy of successive state governments.Over the years,the netas had been busy getting land allotted promptly to their kith and kin at throwaway prices.And companies like Infosys Technologies,the mascot of Indian infotech industry,had been kept waiting for the land it needed for expansion.
Infosys made several representations to successive governments,seeking land near Sarjapur Road,but got nothing apart from bundles of assurances.The company waited quite some time,expecting the state to grant it land for setting up a second software development centre in the city.But in the end,it ran out of patience and shifted expansion plans to Pune.

Now,Infosys,though headquartered in the city,will have its largest operational base in Pune.Speaking to Bangalore Mirror,T A Mohandas Pai,human resources director,Infosys,said there had been a shift in the focus of the company,which was once synonymous with Bangalore.In another 12 months time,Pune will have more seats/employees than our Bangalore campus, he said.Even the Infosys-Pune campus would soon become bigger than that of Infosys-Bangalore.
But why would a Bangalore-based company choose to strengthen its base in Pune After all,Bangalore is the information technology (IT) capital of India.An IT industry source said,The move has got nothing to do with the cost factor.Blame it on Karnatakas political indifference and bureaucratic laxity in land allotment and registration.
Pai said,It is easier to get land in Pune than in Bangalore.For three years we tried in vain to complete the land registration process in Bangalore.Now,we have more land in Pune than Bangalore.Honest people cant work in Bangalore.
Asked whether the shift in Infosyss focus would affect Brand Bangalore,Pai made no comment.But IT industry sources painted a grim future.According to them,the political situation in the state is making IT companies change perception about Bangalore as their preferred base.The corrupt leaders and the lethargic bureaucracy have frustrated India Inc time and again.So,the companies have decided to shift base.Giants like TCS and Wipro have kept Bangalore out of their major expansion plans.HCL is looking at centres like Chennai and Pune.The semi-conductor industry,too,is shipping out of the city to Noida and Pune, rued a source.
Bureaucrats,when told about the bleak scenario,chose to keep mum.One among them,who has recently served in the infrastructure department,said,There are so many conflicting signals sent out by our political bosses that we prefer to adopt the wait-and-watch policy.

TELL-TALE FIGURES

A RECENTLY-RELEASED fact sheet pertaining to Infosyss third quarter (Q3) results for fiscal 2011 has outlined how its Pune centre is all set to overtake Bangalore both in terms of number of techies employed and built-up area of the company campus.Infosys-Bangalore currently has 28,905 employees.In Pune,it will soon have 32,914 employees.An ITindustry tracker told Bangalore Mirror,Conventionally,a corporate firm has the maximum number of employees working at its headquarters.However,things might turn out very different for Infosys Technologies,as its Pune centre has grown much more than its Bangalore HQ.Brand Bangalore will take a beating as it is proof that IT firms are looking for greener pastures away from the tech capital of India. Even in terms of campus size,Infosys-Pune will be bigger.The built-up area of Infosys-Bangalore is 42,94,728 sq ft,while the Pune campus will soon expand to 54,07,284 sq ft.On both the parameters employee strength and campus area Bangalore will fall behind Pune on the Infy turf, the industry tracker commented.

avinash2060

January 21st, 2011, 09:06 AM

BANGALORE: Lambasting the state government for its lackadaisical approach with regard to acquisition of land for industrial projects, the high court on Thursday said it was giving fancy names to its schemes, but was actually doing 420 business.

The court said the government is chanting the mantra of development as gangajal to wash off its shady deals.

"This is nothing but economic colonization,'' Justice D V Shylendra Kumar strongly observed during the hearing of the petitions challenging acquisition of lands for the 1,069-acre Aerospace project near BIA.

"From the facts placed before court, the project doesn't seem to be bonafide. For a requirement of 35-odd acres, why apply for 1,069 acres? One of the parties even says that he will not disclose his identity. These so-called high-level committees are transacting with unknown people even without checking their credentials and giving them vast extent of private lands,'' the judge said.

HC questions govt's liquor policy

The government's decision to allot bar and restaurant licences near several tourist places across the state came for sharp criticism on Thursday as the high court asked it to either withdraw or be prepared to face the music.

"Under this so-called tourism policy, you have given bar licences in Muddenahalli, the birth place of Sir M Visvesvaraya, and near Kukke Subramanya temple. People go to pray and you want to give liquor licences there? What kind of policy is this? You place all the details,'' a division bench headed by Justice N Kumar observed while indicating to the authorities to withdraw the permission.

The bench adjourned hearing of the writ appeal filed by bar and restaurant owners to next week. The owners had challenged the single bench order asking them to close down their businesses.

`Why orthopaedist in a mental hospital?'

The state government on Thursday submitted before the court that the process of recruitment of doctors in government hospitals will be completed in three months time by amending the Cadre and recruitment rules.

A statement to this effect was made before a division bench hearing the 1996 PIL relating to mental health.

The bench asked the government to file a statement on the distribution of drugs to all the mental health units (clinics) set up in all the 30 districts by next week.

During the hearing, the bench took a dig at the government for appointing an orthopaedic surgeon as the Director of Karnataka Institute of Mental Health, Dharwad.

"This speaks about the government's style of functioning. What would an orthopaedic surgeon do in a mental hospital,'' the bench asked.

Read more: Don't allow 420 business to flourish, HC tells government - The Times of India
http://timesofindia.indiatimes.com/city/bangalore/Dont-allow-420-business-to-flourish-HC-tells-government/articleshow/7330141.cms#ixzz1BeR2OQ21

bharath.enc

January 21st, 2011, 09:42 AM

avinash2060

February 11th, 2011, 04:16 PM

http://lite.epaper.timesofindia.com/RepositoryET/ETBG/2011/02/10/20/Img/Ad0200039.png

sunilkumar

February 11th, 2011, 07:09 PM

Similar GIM implimentation status published in Delhi's TOI and Hindustan Times newspaper (middle 4 sheets).

Hope yeddy will release more money(this-time budget) on to KA/Bangalore infrastructure for better connectivity.

gentem

February 12th, 2011, 06:38 AM

good job in tracking this thing. go yeddy and nirani :applause:

CapeClubber

February 13th, 2011, 01:46 PM

think-tank

February 13th, 2011, 01:54 PM

If you see clearly, none of these projects are big ones. All the projects shown has little investment attached to it.

What is the status of the big-ticket investments ? ...they should also publish those.

Such deals won't be finalized within a year, keep an eye on Industries and Technology section. It's also worth noting that there is abundant employment in Karnataka right now which is attracting more investors specially in aero-space and bio-technology sector- which requires high-skilled engineers and researchers.

gentem

February 18th, 2011, 06:36 AM

2011 is year of farmers, says CM (http://timesofindia.indiatimes.com/city/bangalore/2011-is-year-of-farmers-says-CM/articleshow/7519038.cms)
TNN, Feb 18, 2011, 04.35am IST
BANGALORE: Rs 52,000crore. That's the target the state government hopes to net in the upcoming agriculture global summit likely to be held in June 2011, to boost agriculture and agro-process industries.

"2011 will be the year of farmers for Karnataka. We have decided to create a revolution in the sector. To ensure this, I'll present a special agriculture budget on February 24," chief minister B S Yeddyurappa said after distributing prizes to farmers on Thursday.

"Even the opposition will envy this budget,'' he said, rejecting allegations that the special agriculture budget is a gimmick.

Agriculture GIM coming soon :) 50k crore investments is not less compared to 3 lakh crore of GIM 2010

avinash2060

April 10th, 2011, 05:16 AM

Sudipto Mondal

Complainant A. Alam Pasha says he has lost Rs. 15 crore

BIG PROMISES:The project was approved during

BANGALORE: A Rs. 600-crore housing project approved during the Global Investors Meet in June 2010 has run aground, allegedly on the basis of a forged letter, according to the investor who signed an MoU with the Government.

A. Alam Pasha, Managing Director, Pash Space International Ltd., who proposed to build 2,500 houses for the economically weaker sections at Devanahalli, told The Hindu that cancellation of the allotment of 26 acres for his project had left him deep in debt and embarrassed before foreign investors who supported his venture.

Governor petitioned

He has now petitioned the Governor.

“Somebody forged my signature and company letterhead and wrote a letter to the Government on January 20, 2011 saying we were not interested in going ahead with the project,” Mr. Pasha said.

On March 21, Mr. Pasha complained to the Karnataka Udyog Mitra, the State-level agency that acts as a facilitator between investors and the State High-Level Clearance Committee (SHLCC), that the letter purportedly written by him was forged.

Karnataka Udyog Mitra Managing Director M. Maheshwar Rao, when contacted, said “the complaint is being processed”.

Copies of documents made available to The Hindu show that this allegedly forged letter was submitted just four days before the SHLCC met on January 24, 2011 to discuss the future of the projects approved during the Global Investors' Meet. The SHLCC is headed by Chief Minister B.S. Yeddyurappa, with Industries Minister Murugesh Nirani and Chief Secretary S.V. Ranganath as members.

Based on the “forged” letter, the SHLCC cancelled the allotment of 26 acres of land in Devanahalli to Mr. Pasha's company on March 11, 2011. Mr. Pasha says he was tipped off about the cancellation during one of his routine visits to the Karnataka Industrial Areas Development Board office on March 18. “I did not believe it at first; but on March 20, I received a registered post containing a Government Order that confirmed the cancellation.”

http://www.hindu.com/2011/04/02/images/2011040259800101.jpg
BIG PROMISES:The project was approved during
‘Panel conspired'

In a complaint submitted to Governor H.R. Bhardwaj on March 28, Mr. Pasha alleged that the SHLCC “conspired to fabricate the letter” and “passed a resolution to suits its needs”. He also says in his complaint that the same 26 acres was later allotted to a prominent Bangalore-based real estate company.

Mr. Pasha said he had already invested Rs. 15 crore in the project and was in final discussions with foreign direct investors from Singapore and London.
http://www.hindu.com/2011/04/02/stories/2011040259800100.htm

avinash2060

April 10th, 2011, 05:24 AM

TNN, Apr 9, 2011, 12.12am IST

BANGALORE: A mysterious forged letter almost stalled an investor's Rs 600-crore project for construction of houses for middle and lower income groups.

The state government, during the Global Investors' Meet in July 2010, had awarded the project to investor A Alam Pasha, managing director, M/s Pash Space International Pvt Ltd. Five months later, the clearance was cancelled supposedly on his `request'. Strangely, the investor had made no such request and blamed the State High Level Clearance Committee (SHLCC) of fabricating and forging the company's letter to drop the project. The Times of India is in possession of these documents.

Acting swiftly on the complaint, V P Baligar, outgoing principal secretary (industries and commerce) who is going to take charge as CMD, Hudco, ordered an inquiry. He told TOI: "Investigations show there is truth in the complaint. A photostat copy on the company's letter head has been inserted stating it was not interested in the project. The government has restored the project to the investor and the issue will be probed further on who was responsible for it.''

M/s Pash Space International Pvt Ltd had submitted a proposal to establish "Value Homes'' for the middle and lower income group at Devanahalli Industrial Area, Bangalore rural district. The MoU was signed during GIM and the SHLCC approved the project on June 19, 2010. The government order was issued on July 15, 2010.

But, the SHLCC in its 24th meeting held on January 24, 2011, dropped the project citing a letter dated January 20, 2011 by the company officials. According to the government, the company had written a letter stating that it was `withdrawing' from the project.
http://articles.timesofindia.indiatimes.com/2011-04-09/bangalore/29400545_1_forged-letter-project-value-homes

avinash2060

May 27th, 2011, 09:45 AM

Special Correspondent

Bangalore: Minister for Large and Medium Scale Industries Murugesh R. Nirani promised investors that there was no dearth of land for investors in Karnataka and that they could get land within 24 hours, since 1 lakh acres of acquired land is available under the land bank scheme in the State.

Speaking to presspersons on the sidelines of the Founders' Day celebrations of Karnataka Small Scale Industries Association (KSSIA), he said that of the Rs. 5 lakh crore total investment proposal at the Global Investors' Meet (GIM), projects worth Rs. 3 lakh crore were being implemented.

He said that a special GIM cell, a one-stop shop to help the investors, will come up in a month.
http://www.hindu.com/2011/05/27/stories/2011052766010800.htm

avinash2060

June 1st, 2011, 07:57 AM

Chethan Kumar, Bangalore, May 31, DHNS:

The Karnataka Industrial Areas Development Board (KIADB) has issued preliminary notification for acquisition of 3,382 acres in the Halligudi village of Mundargi taluk in Gadag to offer South Korean steel giant Posco for its Rs 32,366-crore steel project.

“The notification was issued on March 28 and the KIADB is now in the process of issuing notices to land owners, including farmers. Posco has already deposited Rs 60 crore for acquisition of the land required for the project,” sources in the Commerce and Industries department told Deccan Herald.

The firm, which was until recently embroiled in land acquisition problems in Orissa, where it had first proposed to set up a plant, had signed a memorandum of understanding (MoU) with the government of Karnataka during the global investors’ meet (GIM) last year.

Although Karnataka had said it was “flexible” and would acquire land “wherever” Posco wanted it to, the latter had not zeroed in on the land until two months ago. It had identified three potential sites—Gadag, Bijapur and Bagalkot—for the project.

After the notices are served on all the land owners communicating the intent of acquiring the land, the matter would reach the KIADB Special Deputy Commissioner . “The special DC would hear all the owners and then there would be negotiations for compensation and only after all that is sorted will the final notification be served,” sources added.

Senior officials are reportedly in talks with Posco and its consultant Mecon Limited over the required infrastructure in the area.

“Among other things, feasibility studies on the source of water for the project will be discussed. The option is between the Tungabadra river and the Alamatti dam,” sources said.

While the Tungabadra is closer to the project site, Alamatti is be over 100 km, they said, pointing out that the decision will, however, depend on what will be more conducive. On whether the company’s proposal to own captive mines, which it had clearly stated was a priority, was recommended for clearance from the Centre, sources said the matter is being heard.

According to sources, the Mines and Geology Department has already completed three hearings. The recommendation to the Centre seeking permission to allot captive mining licence to Posco will be made by the department.

“The decision ultimately has to come from the Centre. We have initiated the process and are confident of having Posco in our State,” Large and Medium Scale Industries Minister Murugesh R Nirani said.
http://www.deccanherald.com/images/editor_images1/2011/06/01/posco_1.jpg
http://www.deccanherald.com/content/165535/land-notified-posco.html

avinash2060

June 3rd, 2011, 07:42 AM

http://lite.epaper.timesofindia.com/Repository/TOIBG/2011/06/03/11/Img/Ad0110322.png

avinash2060

June 6th, 2011, 07:32 PM

Bangalore, June 6 (PTI)

The Karnataka Industrial Areas Development Board (KIADB) has identified an area of 1,21,304.22 acres for acquisition under the land bank scheme in the state.

Out of this, preliminary notification has been issued for 57,016.29 acres and final notification for 28,917.16 acres, Large and Medium Industries Minister Murugesh R Nirani said in a written reply in the Legislative Assembly.

He said farmers/land owners have protested against the acquisition of 722.05 acres in Belagola and other villages in Mandya district, 2,000 acres in Shekroze, Pallapura and other villages in Gulbarga district and 62 acres in Konagavalli village in Shimoga district.

The price advisory committee headed by the Deputy Commissioner of the district determines the rate of compensation in respect of the lands acquired in the concerned district by consent after giving a hearing to the farmers and considering their representations, Nirani said.
http://www.deccanherald.com/content/166834/karnataka-identifies-121-lakh-acres.html

avinash2060

June 24th, 2011, 06:49 AM

Girish Pattanashetti and Bageshree S.

KIADB has served notices on 536 farmers

Over 50 p.c. of them have filed objections

Hubli/Bangalore: Even as the Orissa Government suspended further land acquisition for the proposed mega steel plant of Posco following protests, there are indications that acquisition of land by Karnataka Industrial Area Development Board (KIADB) for the Korea-based steel giant's Rs. 32,366-crore project in Gadag may not be smooth sailing.

KIADB served notices on May 28 to 536 farmers and more than 50 per cent of the farmers have filed objections so far, Special Land Acquisition Officer of KIADB, Hubli, Mahantesh Bilagi said.

“Hearing on objections filed by farmers will, in all probability, begin in the first week of July and go on for a fortnight,” Mr. Bilagi said.

The board had issued preliminary notification for acquisition of 3,382 acres of land in Halligudi village in Mundargi taluk of Gadag district.

Meanwhile, there are concerns over the proposed plant on two counts: farmers here say that the land identified for the project falls under the command area of the ongoing Singatalur Irrigation Project, which contradicts the Government's claim that it is dry land. There are also apprehensions that protection of Kappata Gudda hill range, located close by, recently declared protected zone for conservation of medicinal and aromatic plants by the State Government, may be compromised by the project.

“The farmers here harvest two crops a year,” said H.B. Vaddatti, social activist from Mundargi. Nearly 800 families will eventually lose land out of 1,200 in Halligudi, where “bili jola” (white jowar), groundnut and green gram are among the crops grown. “White jowar is crucial to the local food security in the region,” said Mr. Vaddatti. The area's proximity to the lush Kappata Gudda range is believed to be another reason for the fertility of the land here.

Annadaneshwar Swamiji of Mundargi has taken the lead in opposing land acquisition.

However, Mr. Bilagi attributes these fears singularly to the “lack of proper knowledge” on the issue.

He says that the land identified for acquisition is not covered under any irrigation project. Kappata Gudda, he added, was about 30 to 50 km ilometres from the land identified for acquisition.

Voices of dissent

K.P. Sasi, film-maker and member of the People's Solidarity Concerns, which has been part of the agitation in Orissa, said that the Orissa experience, where people's resistance has been violently crushed, should make one particularly vigilant.

“It is interesting that even as the BJP Government in Orissa is finding the going too difficult to allow POSCO to expand, the same party's government here is stepping into facilitate them,” he said.
http://www.hindu.com/2011/06/24/stories/2011062463180900.htm

avinash2060

June 24th, 2011, 06:50 AM

Special Correspondent

‘Eight lakh jobs created after 2009 investors meet'

The next meet will be held from June 4, 2012

BANGALORE: Underlining the need for farmers to sacrifice for the greater common good, Chief Minister B.S. Yeddyurappa on Thursday defended the Government's policy of acquiring dry-land for industrial development.

Inaugurating a state-of-the-art auditorium of the Karnataka Small Scale Industries Association (KASSIA) here, he assured them of protecting the environment and ecology. There is nothing wrong in utilising dry-land for industrial development and it is not right to oppose that, he said.

At the Global Investors Meet (GIM) of 2009, the Government succeeded in attracting investments Rs. 2.5 lakh crore investment.

Over 200 projects, of the 389 for which investors signed memorandums of understanding with the Government, “are in progress” and they had created eight lakh jobs. As many as 14 projects have been commissioned, he said. “We have appointed exclusive nodal officers to ensure speedy implementation of the projects,” he added.

Considering the success of investors meet, the Government was planning to hold the next such meet in Bangalore on June 4 and 5, 2012.

“The State has become a favourable destination for the investors across the globe, because of the investor-friendly environment. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) favoured Karnataka and Gujarat for investment,” he noted.

“We are targeting to achieve Rs. 10 lakh crore investment in the next meet and the aim is to make Karnataka a model State in the next two years,” he said.

Efforts were on to create industrial environment by building airports in district headquarters and work on the Shimoga and the Gulbarga airports was nearing completion.

It had also been decided to set up international convention centre near the international airport in Bangalore at a cost of Rs. 250-crore on a 35-acre plot to promote the city as an attractive destination to host huge conference and exhibitions, he said.

The Government is also planning to draw Rs. 50,000 crore worth of investment in the “Global Agricultural and Horticulture Investors Meet” scheduled in November and preparations are on to make that a great success, he said.

To a request from KASSIA to conduct a conference to address its problems, he responded positively and assured it of releasing Rs. 1 crore of the Rs. 2 crore earmarked for them. “I will also instruct tax authorities against harassing you,” he promised.

Minster for Industries Murugesh R. Nirani said that considering the response for the investors meet, it could be said that the State was poised for an “industrial revolution”.

Emphasising the need for holding “Kaigarika Adalat” on a regular basis, he said that most of the problems could be sorted out in the adalat.http://www.hindu.com/2011/06/24/stories/2011062463360900.htm

avinash2060

June 26th, 2011, 07:31 AM

The scheme is estimated to cost Rs. 4,500 crore

Pipeline will bring natural gas from Dabhol in Maharashtra to Bangalore

There is no need to acquire land for constructing pipeline: GAIL

FOR FUTURE USE:The pipes for the project are stored at G.R. village, near Chitradurga.

Chitradurga: The Dabhol-Bangalore gas pipeline project undertaken by GAIL is progressing rapidly in various districts, including Chitradurga.

The project, which is estimated to cost Rs. 4,500 crore, aims at bringing 16 million metric standard cubic metres per day (MMSCMPD) of natural gas from Dabhol in Ratnagiri district of Maharashtra to Bidadi in Ramanagaram district.
http://www.hindu.com/2011/06/26/images/2011062660520301.jpg
“The natural gas will be shipped from countries such as Oman to Dabhol and, from there, it will be transmitted to Bangalore through an underground pipeline, covering nearly 850 kilometres,” an official of GAIL said.

The pipeline will pass through the districts of Belgaum, Gadag, Hubli, Davangere, Chitradurga and Tumkur, besides Goa, and Kolhapur in Maharashtra.

Referring to the work here, he said the pipes were being brought and placed near G.R. village, about 3 km from here.

“In Chitradurga district, about 8,000 pipes will be used for covering 85 kilometres.

The pipeline will be about 5 feet under the ground and it will pass through 13 villages in Chitradurga and 22 villages in Hiriyur taluks, before heading towards Tumkur district,” he said.

No acquisition

To a question, he said there was no need to acquire any land for the pipeline since it was being constructed underground.
http://www.hindu.com/2011/06/26/stories/2011062660520300.htm

avinash2060

July 4th, 2011, 04:30 AM

Land for industries: Farmers, government at loggerheads
Many Singurs in offing
P M Raghunandan, Bangalore, July 3, DHNS :

Acquiring land for industries has become a major challenge for the BJP government. While it is a struggle for farmers to hold on to their land, ‘opportunists’, including Opposition parties, try to take advantage of the situation.

protest politics: JD (S) leader Deve Gowda with the farmers staging a hunger strike in Bangalore on Saturday demanding return of excess land acquired for the BMIC project. Gowda is accused of opposing land acquisition everywhere except in Hassan district. DH photoThe farmers’ agitation which began last week at Halligudi village of Gadag district was not a spontaneous one. There has been a simmering discontent among the farmers in three villages of Gadag ever since the steel plant giant Posco set its eyes on their land to set up a plant.

No doubt, industrial growth is an indicator of State’s growth. The State government believes that the Posco plant is a boon to the State as it is going to invest Rs 32,000 crore and generate thousands of jobs. But it has become a bane for some of the farmers who are opposing such acquisition.

Such agitations are not confined only to Halligudi. Farmers across the State, who have to part with their land, are waging a struggle against what they see as ‘snatching their livelihood’. The government is ‘depositing’ both government land and private land including cultivated land at the land bank for industrial use.

Officers of the KIADB say that more than farmers, it is middlemen who first create problem for land acquisition. There are instances where influential people taking general power of attorney (GPA) on behalf of farmers over land notified for acquisition by the KIADB.

As the KIADB gives compensation 25 per cent more than the guidance value fixed by the government, middlemen enter the scene and cheat farmers, sources said. The land acquisition process followed by the KIADB has become a model for many States, and farmers are getting even more than market rate for their land. Each family which sells land is also provided with a job by the industry, Industries Minister Murugesh Nirani argues.

Whatever be the argument, it has not been easy for the government to acquire land to pass on to investors. The government has identified 1.21 lakh acres, spread across 30 districts, for setting up a land bank.

Of the land, nearly 85,934 acres are privately-owned, mostly cultivable land. After rolling out a red carpet for investors at the Global Investors’ Meet (GIM) in 2010, the government is under tremendous pressure to fulfil its promise of providing land to industries.

Of the 389 projects approved, land is required for 70 projects. The KIADB has notified land for companies that have deposited a minimum of 40 per cent of the total cost of the land cost.

Over the last two years, 28,000 acres of land has been notified for industry. At the same time, farmers’ agitation has forced the government to denotify about 6,000 acres of land acquired in Davangere, Udupi and Shimoga districts during the same period.

Tension is building in Murugod of Gadag district where notices have been slapped on farmers to part with their land for the Posco plant. The government has turned jittery with media reporting the discontent among farmers. This was evident when Nirani warned JD(S) chief H D Deve Gowda that he would be held directly responsible if the GIM projects fail to take off.

Loopholes

Whatever be the argument in favour of attracting big investment to the State, there are some inherent loopholes in the Land Acquisition Act. Some of the provisions under the Act were framed during the British regime. A government is empowered to acquire any immovable property anywhere, anytime in the larger interest of society.

Moreover, the acquisition process is not transparent. For instance, once the preliminary notification is issued, the owners are not entitled to use the land. There is no time limit for the government to complete the acquisition process. The final notification can be issued at its convenience.

There are instances wherein the final notifications are issued a decade after the issuing of preliminary notification. Even after a decade, the owners get the compensation fixed in the preliminary notification, officials point out.

The KIADB boasts of following an innovative consent acquisition system. But farmers’ views are not heard even at public hearings by the Price Advisory Committee (PAC) headed by deputy commissioner, it is said.

Fixing compensation, according to officials, has been the most contentious issue rather than convincing farmers to give up their land. The land rate is fixed based on the guidance value of land as worked out by the Stamps and Registration Department. The PAC can increase the compensation amount up to 25 pc more (considered as the market value).

The guidance value is only the saleable value of land. Unlike those who sell residential and commercial sites in urban areas for profit, the guidance value can’t be the true compensation to those who are traditionally dependent on agriculture for their livelihood. Besides, the guidance value of land in villages is very low, official say.

No takers

That is why many farmers are against acquisition of their land. The KIADB's offer to give 9,583 sqft of developed land for every acre acquired instead of monetary compensation, has no takers.

The farmers cannot make use of the developed land, though complete rights will be given to use it for both residential and commercial purposes. Finally, they have to surrender the developed plot to the company which would have taken over the entire land, officials point out.
http://www.deccanherald.com/images/editor_images1/2011/07/03/farmers.jpg
During the GIM, the government announced a separate land acquisition policy to bring in uniformity in awarding compensation. But so far, there is no progress in that direction.
Compensation is a contentious issue, says K Shyam Bhat, KIADB Chief Executive Officer.

“Farmers agitate when they have to part with their fertile land. They want adequate compensation, while we go by the guidance value of land. We need to look at this issue. There is also a need to fix the time limit to complete the acquisition process after issuing the preliminary notification. The government is planning to amend the Land Acquisition Act,” he says.

http://www.deccanherald.com/content/173460/many-singurs-offing.html

avinash2060

July 6th, 2011, 07:24 AM

Forced To Rethink After Farmers Stiff Resistance
Bangalore: With too many problems dogging its project in Gadag,South Korean steelmaker Posco is reportedly planning to relocate its first plant in the state to either Bagalkot or Bijapur district,where it was originally planned.
If this does not work,they may shift the project somewhere outside India, a senior minister,quoting Posco officials in New Delhi,told TOI.
Posco was enthusiastic about its plant at Halligudi in Mundargi taluk of Gadag,considering the distance (70 km) from the mining district of Bellary.But things are not moving along expected lines,thanks to farmers stiff resistance to land acquisition.Posco is impatient.It may not wait too long, the minister said.
The state government,on its part,is exploring the possibility of excluding the objecting villages from the Posco project and allot adjoining land.It sounds feasible,but that may not solve the problem because the farmers protest against land acquisition is quite contagious, officials said.
Posco is worried over the delay in establishing its plants in Odisha and Karnataka.The company had plans to start the project by the end of 2012.The availability of water and mining leases have emerged as other irritants.Allotment of water to the company may also become a bone of contention as farmers are geared up to launch protests.

LAND FOR A STEEL PLANT

Posco signed a pact with Karnataka govt in June 2010 to set up a 6-million-tonne-a-year steel plant The agreement came amid Poscos struggle to acquire land in Odisha for its first plant in India It turned down the idea of setting up a plant in Bijapur or Bagalkot district and opted for Halligudi village in Gadag district A month ago,KIADB issued the preliminary notification for acquisition of 3,382 acres in Gadag Farmers are protesting against land acquisition saying at least 72% of their land is fertile and is under the command area of the ongoing Singatalur irrigation project contrary to governments claim that it is dry land
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http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=1&edlabel=TOIBG&mydateHid=06-07-2011&pubname=&edname=&articleid=Ar00100&format=&publabel=TOI

avinash2060

July 14th, 2011, 07:11 AM

http://lite.epaper.timesofindia.com/Repository/TOIBG/2011/07/14/2/Img/Ad0020612.png

avinash2060

July 14th, 2011, 07:57 AM

While the South Korean steel giant Posco is facing hurdles in Karnataka, Lakshmi Nivas-owned ArcelorMittal is quietly making progress in the state. More than 50% of the land acquisition process has been complete.

ArcelorMittal, the world's largest steel producer which plans to set up a 6 million tonne per annum (MTPA) plant at Kuduthini and Haraginadoni villages in Bellary district with an estimated investment of Rs 30,000 crore, has completed acquisition of more than 2,200 acres of the required over 5,000 acres. "By God's grace, land acquisition process has been smooth and is more than 50% complete. Farmers are coming forward to accept the compensation for their land. Once we reach about 60%, the firm will get into building the layout plan,'' ArcelorMittal representative told TOI.

Initially, some farmer groups in Bellary had opposed land acquisition as they were seeking compensation higher than what was fixed by the state government. "Now, the government has fixed compensation in three slabs __ Rs 8 lakh, Rs 12 lakh and Rs 16 lakh per acre. The response from the land owners is overwhelming,'' a senior Karnataka Industrial Areas Development Board (KIADB) official said. The steel company has deposited over Rs 267 crore with KIADB towards compensation.

When the company entered into an agreement with industries department during the Global Investors' Meet (GIM) last year, it needed 4,864 acres of land. As the firm is planning to build its own railway network to transport iron ore from the mining site to the plant, the company now has sought additional 324 acres land.

On the progress from the Union government front, ArcelorMittal has obtained terms of reference from environment and forest ministry and the firm currently has commissioned environmental impact study. "This study would take nearly a year. Later the study has to be submitted to the ministry,'' spokesperson of the company said.

ArcelorMittal has been the first to get off the block in setting up its steel plant in Karnataka. At GIM, investments proposals worth Rs 4 lakh crore was received from diverse industries and sectors. The iron & steel sector alone attracted the highest attention with investment proposals worth Rs 2 lakh crore which included companies like Posco, Bhushan Steel and Essar.

CAPTIVE MINES

While the land acquisition process has been smooth, ArcelorMittal is facing the problem of captive mines. The director of mines and geology had recommended to the Union government to grant iron ore mining lease in an area of 211 hectares in Donimalai range in Bellary district, but the company after preliminary survey found that deposits available in the range were of inferior quality. "We have sought for allotment of alternative mines in Ramadurg range. The hearing is over and the company is awaiting government's nod,'' the company spokesperson said.

JV FOR THERMAL PLANT

ArcelorMittal proposes to have joint venture with Karnataka Power Corporation (KPC) to establish 700 MW of thermal power plant in Kuduthini village. "While the company wishes to utilize 350 MW of power, the rest will be given to the corporation,'' the spokesperson said.

http://timesofindia.indiatimes.com/city/hubli/Its-smooth-go-for-ArcelorMittal/articleshow/9214686.cms

Cosmicbliss

July 14th, 2011, 09:07 AM

http://www.deccanherald.com/content/174437/bcic-partnering-state-government-gim.html

BCIC partnering State government in GIM II

The Bangalore Chamber of Industry and Commerce (BCIC), on Thursday, announced that it has been chosen as the partner organisation with the State government at the second edition of the Global Investors Meet, next year.

It also said that it would be partnering the government at the agri summit to be held in November this year, wherein it has recommended the participation of Australia and the Netherlands as international partners.

Addressing reporters at an interaction, BCIC President Vinod K Nowal urged that manufacturing must be developed in the country for faster growth. “India can grow. There is ample opportunity to enable industry and manufacturing to nurture that growth. The government must make the effort and help drive forward the economy by focusing on key factors such as infrastructure and power,” he said.

The BCIC has been asking for proactive steps on part of the State government, in a bid to encourage development of those sectors which have great industry potential. Nowal opined, “Karnataka has better opportunities than most other states. There is barren land which can be used for industry, coupled with good skill potential owing to the number of engineering and technological institutes that are present here.”

He also added that since the State also contains sufficient minerals, there is immense scope for industrial growth. He also called for man power development by establishing more ITIs and institutes to increase productivity, simultaneously developing industry to apply that productivity.

Talking about steel industry, Nowal, the CEO of JSW Ltd, he pointed out that the State produces 13 million tonnes of steel annually and by 2020, the capacity is expected to grow to 20-25 million tonnes.

“About 15 per cent of the country’s steel is produced in Karnataka. Further value addition in the form of engineering industries is needed if the industry must flourish, he said.

Commenting on the present land acquisition row, he said that one must look for barren and fallow land to set up industries. He is also of the view that critics of industries should not just look at the immediate investment but the long term employment and income generation potential from a project.

Cosmicbliss

July 14th, 2011, 09:09 AM

http://www.steelguru.com/indian_news/Offer_barren_land_for_setting_up_industries_-_BCIC/213502.html

Offer barren land for setting up industries - BCIC

Bangalore Chamber of Industries and Commerce suggest that Karnataka government should offer barren land for setting up industries.

Mr Vindo Nowal director and CEO of Jindal Steel Works in his maiden press conference as president of BCIC said that “The state government should think twice before offering land to industries and should not offer agriculture land for any purpose including setting up industries.”

He added that “To identify barren land in the districts, the government should evolve a hassle free mechanism for land acquisition. After selecting barren land for industries locating water source should not be a problem.”

Mr Nowal said that “Information technology sector has limitations and it is manufacturing which has future in the state for it ahs large availability of engineering manpower, numerous institutes to give impetus.”

BCIC is drawing up an action plan to bring manufacturing industries to Karnataka.

The chamber has been chosen as the partner organisation by the state government for its second edition of Global Investors Meet planned for 2012 to lure investors.

Mr Nowal further said that "BCIC will work with the state government in making the event successful and bring in more investors to the state.”

He added that “The chamber is will shortly initiate a dialogue with the state government on kinds of packages to be offered as incentives for investors setting up industries in the districts.”

avinash2060

July 15th, 2011, 06:32 PM

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avinash2060

July 15th, 2011, 06:34 PM

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gentem

July 16th, 2011, 07:12 AM

^^ yellow red green white means what?

uno.piyush

July 16th, 2011, 11:38 AM

avinash2060

July 16th, 2011, 11:53 AM

:applause:

Is this as on today ?

Source ?

http://www.kumbangalore.com/

avinash2060

September 1st, 2011, 07:30 AM

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avinash2060

December 2nd, 2011, 04:33 PM

http://lite.epaper.timesofindia.com/Repository/TOIBG/2011/12/02/19/Img/Pc0190900.jpg
State Gives A Big Push To Agriculture Business,Food Processing Sector

Pranav Nambiar TNN

Bangalore: Karnatakas first,and also the countrys first,global agri-business and food processing summit which began in Bangalore on Thursday saw MoUs for around 30 investment proposals worth over Rs 50,000 crore being signed.
The initiative,organized by the state government,hopes to revitalize the agricultural sector by drawing investments from business.
State chief minister D V Sadananda Gowda -- who took centre-stage in the absence of Union agriculture minister Sharad Pawar and opposition leader in the Lok Sabha Sushma Swaraj who did not attend because of the Parliament session in New Delhi -- said the states agricultural policy envisages agri-investment regions,knowledge hubs and agri-tourism centres.MoUs were signed in a range of areas including agri-business projects,post-harvest infrastructure,agri industrial clusters,food processing,and an agri corridor of excellence.
Leading firms that signed MoUs include Srei Infrastructure Finance (Rs 15,000 crore in agribusiness projects),Wadhawan Mega Infrastructure (Rs 10,000 crore in the corridor of excellence,knowledge hub and postharvest infrastructure),Welspun Infratech (Rs 5,000 crore in agribusiness infrastructure),Marg (Rs 4,000 crore in agro-industrial clusters and agri infrastructure) and Akshayakalpa Farms & Food (Rs,1,000 crore in agri-based enterprise models,organic milk and milk products' manufacturing units).
The state-run State Bank of India signed an agreement with the state government to finance Rs 40,000 crore worth of agribusiness projects in partnership with the private sector.
State agriculture department secretary Sandeep Dave told reporters here that on Thursday another 23 MoUs were signed for an additional investment of Rs 3,674 crore.
In the run-up to the summit,the state government came with an agriculture business development policy to attract investments in the sector,which accounts for 16% of the state's gross domestic product.
Gowda said that the state government has already identified 4,000 hectares of the 18,000 hectares it will require for the projects to be undertaken under the policy.The government is seeking technology support from across the country as well as countries like Netherlands,Israel and Australia.
Anil Jain,MD of Jain Irrigation Systems,said that this policy enables Karnataka 55 lakh small and marginal farmers to be treated as entrepreneurs and not as subsidy seekers.After the IT revolution Karnataka is now heralding an agricultural revolution that other states must also follow, he said.The government expects the projects to create 3 lakh direct and 7 lakh indirect job opportunities.
http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=19&edlabel=TOIBG&mydateHid=02-12-2011&pubname=&edname=&articleid=Ar01901&format=&publabel=TOI

avinash2060

December 6th, 2011, 04:18 PM

7G2uyq-qmMk

avinash2060

December 6th, 2011, 04:18 PM

Mods plz change Thread to Global Investor Meets Karnataka and Remove 2010

uno.piyush

December 19th, 2011, 07:47 AM

7G2uyq-qmMk

Avi,

This is slated to happen at the new convention centre at Devanahalli ?

uno.piyush

April 11th, 2012, 07:41 AM

Karnataka will hold its flagship event “Global Investors Meet-2012”on June 7-8 as part of the Government's campaign to promote the state for investment.

Karnataka is set to attract investments to the tune of six lakh crore into the state during the GIM 2012.

The spinoff will include the creation of over 10 lakh jobs apart from achieving overall economic growth in the State.

GIM Expo planned at the BIEC also seeks to showcase the top 20 industry and service sectors over an area of 20,000 sq metres, according to a press statement.

FOCUS ON SECTORS

Global Investors Meet 2012 will focus on sectors such as energy, urban infrastructure, transport infrastructure, engineering and aerospace, tourism, chemicals and petro chemicals, biotechnology, education, information technology, tourism, mines and minerals, textiles and apparels and agro food processing with a special focus on MSME segment.

As part of this, several senior executives from companies including Chettinad Cement Corporation, BMP Green Energy, Hinduja Foundries Kaizen Nano Labs and TVS Lucas had discussions with official from the Karnataka Government, according to the statement.

Officials from the government, including Mr K. Jyothiramalingam I.A.S., Principal Secretary, Commerce and Industries, and Mr Maheshwar Rao I.A.S., Commissioner, Industrial Development, Government of Karnataka, met the potential investors.

“In sectors like auto and auto components, IT & ITES, cement and energy, we are looking at more investments coming in from companies based in Tamil Nadu,” Mr Jyothiramalingam said, according to the statement.

ON INFRASTRUCTURE

He said that tier 2 cities were well equipped to offer the best infrastructure and other requisite amenities at par with Bangalore.

He added that the Government is committed to providing a special package for investors looking at regions outside Bangalore.

AUTO-CLUSTER

According to the statement, Karnataka plans to develop an auto cluster in Hubli-Dharwad.

The Government is planning mega infrastructure projects such as special investment regions, integrated townships, focused industrial clusters, etc. in the State.

“In the pipeline is the pharma SEZ in Hassan and pharma park at Yadgir which will offer companies top of the line infrastructure.

“The State's focus is mainly on renewable energy, merchant power plants,” the statement said.

http://www.thehindubusinessline.com/industry-and-economy/economy/article3300812.ece

avinash2060

April 14th, 2012, 06:54 AM

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avinash2060

April 14th, 2012, 07:27 AM

The Karnataka state high-level clearance committee (SHLCC) has cleared 43 projects with an investment of over Rs 35,785 crore. The projects cleared at today's SHLCC meet are likely to create employment to 4.83 lakh persons in the state.
Sector wise projects

Following are the sector-wise projects approved: Aerospace - one project - investment Rs 246 crore - employment offered for 558 people.

Automobile –nine - investment Rs 3,628.21 crore - employment potential offered for 7821 people.

Cement – three - investment Rs 6,475.13 crore - employment offered for 1,525 people.

Chemicals – two - investment Rs 595.91 crore -employment offered 558.

Education – one project - investment Rs 493.69 crore - employment offered for 6500 people.

Energy – one project - investment Rs 930 crore - employment offered for 550 people.

Food-based industries – three - investment Rs 275.32 crore - employment offered for 2,359 people.

Integrated township – one project - investment Rs 2,025 crore - employment offered for 490 people.

Iron and steel – one - investment Rs 4,190.40 crore - employment offered for 1,264 people.

IT Park – five - investment Rs 10,184.74 crore - employment offered for 4,14,600 people.

Others – six projects - investment Rs 1,493.71 crore - employment offered for 4,091 people. SEZ – three - investment Rs 3,961 crore - employment offered for 33,200 people.

Sugar – six - investment Rs 999.64 crore - employment offered for 1,713 people.

Textiles – one project - investment Rs 287 crore - employment offered for 450 people.
District wise

Bangalore (rural) - 11 projects - investments Rs 13,525.5 crore - employment 4.07 lakh people.

Bangalore (Urban) - 6 - investments Rs 6,727.74 crore - employment 48,048 people.

http://www.thehindubusinessline.com/industry-and-economy/economy/article3311698.ece?homepage=true&ref=wl_home

JhonJ

May 24th, 2012, 09:35 AM

Series of projects cleared before GIM-2012

http://www.thehindu.com/multimedia/dynamic/01091/24BGGIMEXPO-2012PG_1091875f.jpg

Chief Minister D V Sadananda Gowda flanked by Minister for Industries Murugesh Nirani releasing the Brouchre during the Launch of GIM Expo-2012 & Interactive Meet in Bangalore in this picture taken in April 2012. Photo

31 proposals worth Rs. 1.46 lakh crore get the nod on Wednesday

Ahead of next month's Global Investors' Meet (GIM-2012), the State government on Wednesday cleared 31 project proposals worth Rs. 1,46,656 crore, which it claimed would generate employment for over three lakh people.

The State High Level Committee (SHLC) meeting, chaired by Chief Minister D.V. Sadananda Gowda, cleared investment proposals of various industries that would be implemented in different parts of the State.

Minister for Large- and Medium- Industries Murugesh R. Nirani, Minister for Horticulture S.V. Ranganath and Chief Secretary Jyothiramalingam were present.

According to Industry Department officials, the SHLC has cleared a proposal of J.K. Cements (Western) Ltd. to establish a cement factory at Chittapur taluk in Gulbarga district. The company would invest Rs. 2,326.65 crore and provide employment to 350 people. The meeting cleared Shivashankar Minerals Ltd.'s proposal to establish a 3.5 million tonne per annum (MTPA) cement plant in Chincholi taluk, Gulbarga, with an investment of Rs. 2,250 crore. BMM Ispat Ltd. would establish three MTPA gas-based integrated steel plants in Dhanapura village in Hospet, Bellary district, with an investment of Rs. 16,229.68 crore.

Officials said Atria Power Corporation Ltd., would establish a 5 MW solar power plant project in 75 taluks and 13 districts, with an investment of Rs. 4,905 crore.

Kalyani Steel Ltd. will establish a unit for manufacture of carbon alloy steel and stainless steel in Yadgir, with an investment of Rs. 12,000 crore. Sun Forest City Ventures Ltd. will set up Project Vayu — development of infrastructure and complete eco system for aerospace industries in Bangalore Aerospace Park, near BIAL, — with an investment of Rs. 9,394 crore.

The GIM will be held on June 7 and 8, at the Bangalore International Exhibition Centre (BIEC), Tumkur Road.

“The government has set a target to attract investment of Rs. 5 lakh crore in the GIM-2012, in sectors such as urban development, infrastructure, housing, power, agri-business, tourism, automobile and aerospace engineering and IT/BT, to provide employment to around 10 lakh people,” said a release.

For the successful conduct of the GIM, the government has set up a high-powered committee under the chairmanship of the Chief Minister; a reception committee under the chairmanship of Minister for Home and Transport R. Ashok; marketing (investment promotion) committee headed by Mr. Nirani; and co-ordination committee headed by the Chief Secretary.

source:http://www.thehindu.com/news/cities/bangalore/article3449623.ece

nandan_ks

May 24th, 2012, 12:17 PM

The GIM will be held on June 7 and 8, at the Bangalore International Exhibition Centre (BIEC), Tumkur Road.

Given the condition of the road leading to and the traffic jams, it's not a good decision i think.

gentem

May 24th, 2012, 12:35 PM

GIM is not an annual event. it is bi-annual. title of this thread should be changed to remove annual :cheers:

sunilkumar

May 24th, 2012, 01:10 PM

I don't see any significant achievement from last time GIM. GIM has became land looting business.
Just turn first few pages of the thread & know the status now & what in reality.
Even 20% what MOU signed not materialized ,then what use of other conducting the same. They are spending many crores for function preparation and other unnecessary expenditure. Instead can't they utilize that for improving state roads./

Newly added BBMP areas still doesn't have proper roads ,water supply, power supply. :ohno:

JhonJ

May 30th, 2012, 03:01 PM

Banks vow to support investors ahead of GIM

As many as 18 nationalised banks have declared their intention to support and provide loans to small businesses investing in the State.

Speaking to reporters after a review meeting, ahead of Global Investors Meet-2012, Industries Minister Murugesh Nirani said the banks had come forward to pledge up to Rs two lakh crore to the companies keen on investing in the State.

The second edition of the Investors Meet will be held on June 7 and 8, while the expo for the event will be launched on June 6, a trade show covering a spectrum of industries. Both events will be held at Bangalore International Exhibition Centre on Tumkur Road.

Officials said micro, small and medium enterprises (MSME) would be accorded priority during the meet. As many as 300 MSMEs have been invited to the event where they can interact with larger companies. As many as 50 meeting rooms will be provided for the interactions.

The GIM Expo 2012 will have 14 focus pavilions, spread over 20,000 sq metres. As many as 400 exhibitors are expected to register for the expo, officials said.

On the abrupt transfer of V Venugopal, the Managing Director of Karnataka Udyog Mitra, just days before the start of the Investors Meet, Nirani said it was a routine step.

Venugopal has been repatriated to KS&DL as general manager. His replacement is H V Raghuram, who was on deputation to the Coir Board as additional director.

source:http://www.deccanherald.com/content/253162/banks-vow-support-investors-ahead.html

avinash2060

June 5th, 2012, 09:29 PM

The civic body plans to woo investors at the Global Investors Meet with 12 projects, worth Rs 1,000 crore, under public private partnership model

Come June 7 and 8, it won't be just the state government which will be wooing investors at the Global Investors’ Meet (GIM). BBMP plans to pledge Utility Bldg to raise Rs 1,000-crore loan

The cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) will also set upshop at GIM venue to attract investors for 12 projects like managing the city's garbage and building skywalks. The civic body proposes to execute the projects, worth Rs 1,000 crore, under the public private partnership (PPP) model.

Bangalore Mirror recently reported that the BBMP had pledged the Public Utility Building and the Jayanagar Shopping Complex to raise a loan (BBMP plans to pledge Utility Bldg to raise Rs 1,000-crore loan, May 23, BM).

BBMP commissioner M K Shankarlingegowda has written a letter about the civic body's initiative to the state government. He writes that pre-feasibility studies for the projects have been initiated and would be made available to all prospective bidders.

Here are the 12 projects proposed by the BBMP:

1. A garbage collection and management project, worth Rs 50 crore. The civic body is yet to identify the location to implement the project.

2. Another waste management project covering Moore Market, Johnson Market and Mahalakshmi Layout Market, worth Rs 15 crore.

3. A Rs 250 crore project to develop sky walks across the city.

4. Development of additional facilities on the second floor of KR Market, worth Rs 4 crore

5. Operation and maintenance of various components at Freedom Park.

6. Integrated waste management plant with energy generation in South Bangalore, worth Rs 200 crore. BBMP will provide land for the project.

7. A Rs 250 crore project to convert waste to energy through large scale water-based segregation followed by anaerobic digestion at Kanahalli, near Magadi Road.

8. A Rs 50 crore project to convert municipal solid waste into grade 2 low sulphur diesel (aviation fuel, jet fuel and diesel for automotive usage).

The BBMP will provide 1 acre land.

9. A Rs 30 crore project to convert methane into grade 2 diesel, for which 1 acre land will be provided by the BBMP.

10. Construction of abattoirs in North Bangalore at a cost of Rs 150 crore. The BBMP will provide 40 acres land.

11. Construction of 500 public toilets in city at a cost of Rs 50 crore.

12. Construction of 200 bus shelters, worth Rs 8 crore

BBMP's PPP cell coordinator and executive engineer Basavaraj Kabade told Bangalore Mirror, “The skywalks project envisages building 120 skywalks across three zones in the city to improve pedestrian mobility and safety. At Freedom Park, it is planned to create a green cover and lung space without diluting the historical significance of the location. Another important project is the construction of hygienic abattoirs, with the capacity to handle 2000 small and 500 big animals. Interested parties can submit their registration of interest to the special commissioner (projects), who is the head of PPP projects.”
http://www.bangaloremirror.com/article/10/2012060520120605062017112c3c757ce/Financially-weak-BBMP-now-hitting-the-GIM.html

engineer.akash

June 5th, 2012, 09:32 PM

This GIM hopes to answer much of karnataka's urban infra.Hoping a lot it would,plzzz......I want the best SWM practice,24x7 water supply,better parking facilities,bus terminals etc....to become a reality in our T2 cities and ofcourse bangalore.

avinash2060

June 7th, 2012, 02:36 PM

Suzlon Group chairman and managing director Tulsi R. Tanti signed an agreement with chief minister D.V. Sadananda Gowda to set up 3,000MW of wind and solar energy projects

The Karnataka government on Thursday signed agreements that propose Rs1.6 trillion in private investments in the state.

Power and infrastructure conglomerate GVK Group signed a memorandum of understanding (MoU) with the state government at the Global Investors Meet 2012 to spend Rs29,000 crore to build power plants.

Suzlon Group chairman and managing director Tulsi R. Tanti signed an agreement with chief minister D.V. Sadananda Gowda to set up 3,000MW of wind and solar energy projects, investing Rs20,000 crore. Welspun Energy signed an MoU to build a windmill and solar park for Rs9,900 crore.

Kumar Mangalam Birla, chairman and managing director of the Aditya Birla Group, proposed to invest Rs6,150 crore to expand its cement factory in the state, and another Rs395 crore to set up a caustic soda plant. “We will also be expanding our fibre plant in Harihar and our alumina plant in Belgaum,” Birla said.

The Embassy Group signed an agreement for Rs14,370 crore for an information technology and logistic warehousing park, and Ascendas India Trust signed an MoU for Rs10,483 crore for an integrated IT and electronics park at Bagalur near Bangalore.

Sun Forest City, a joint venture of Gurgaon-based investment firm Sun Group and US-based real estate enterprise Forest City, signed a Rs9,340 crore deal for the development of an aerospace city. The group will also provide an ecosystem for aerospace industries in three phases near the Bangalore international airport.

T.V. Mohandas Pai, chairman of the state’s vision group on information and communications technology, said the state government is aiming to increase information technology (IT) exports from $25 billion to $70 billion by 2020. Pai was previously director, human resources, at software services firm Infosys Ltd and is now chairman of Manipal Education.

Chief Minister Gowda said his government is taking steps to acquire land near Bangalore airport to establish a software park, an electronic hardware park, and an aerospace park to harness the vast potential in this sector.

“Karnataka is also the first state in the country to promote nano-science and nano-technology. The state has also provided land for the establishment of Indian institute of nano-science and technology, and for the establishment of an international centre for theoretical sciences,” he said.

N.R. Narayana Murthy, a founder and chairman emeritus of Infosys, said there was a need to diversify beyond IT and Bangalore. “We need to diversify our industrial base to other sectors like textile and power,” he said.

http://www.livemint.com/2012/06/07155140/Karnataka-attracts-Rs16-trill.html

avinash2060

June 7th, 2012, 03:06 PM

EmbassyGroup, a leading Indian property developer, today signed a MoU and shared EoI (Expression of Interest) documents with the Government of Karnataka at the Global Investors Meet (GIM) 2012, for the development of four mega projects in the state with a projected total investment of Rs 15,000 crores.

The projects will span the development of integrated IT parks for IT/ITES with commercial, residential and support facilities and a logistics park, which will mark Embassy Group's strategic foray into the logistics and warehousing business.

Commenting on the development on the sidelines of the GIM 2012, Mr. Jitendra Virwani, Chairman and Managing Director, Embassy Property Developments Limited , said, "Having developed four business parks in Bangalore in the past decade offering workspace for over 2 lakh people, we are committed to the development of Karnataka and happy to make this announcement at GIM 2012. These projects envision the creation of workspace and infrastructure for close to 1 million people and can have a catalytic effect of creating another one million indirect jobs. The integrated parks will host infrastructure that can significantly help decongest the city as well as improve Karnataka's contribution to the country's export potential and international trade."

While the integrated IT parks will come up in North Bangalore, the logistics park will be developed at Narsapur/Vembgal in the north eastern part of the city. Embassy has partnered with the Maini Group to form a joint venture, christened Embassy-Maini Logistics Bangalore Pvt. Ltd, for the development of this logistics park. This joint venture marks Embassy Group's first ever foray into the business of logistics warehousing.

Embassy and Maini have come together to develop and offer large format, state-of-the-art, ready-to-use, fully-fitted warehouses in major cities across India. Established in 1973, the Maini Group pioneered India's first electric car "Reva" and has established itself as one of India's premier design and manufacturing entities. The group has a strong base in material handling equipment and products for the warehouse segment.

Delving further on his company's maiden logistics project, Mr. Virwani said, "This is a strategic diversification initiative for us. And we are extremely happy to be partnering with the Maini Group. We believe there are valuable synergies in this partnership - while Embassy brings deep experience in developing land, design and construction, the Maini team brings in their rich expertise in design and manufacture of fit-outs and infrastructure for warehouses."
http://m.economictimes.com/PDAET/articleshow/13902325.cms

RRaju

June 7th, 2012, 03:10 PM

Tata Steel to set up Rs 30,000 cr plant in Karnataka
The six million tonnes per annum capacity plant would come up up Haveri district

http://business-standard.com/newsimgthumb/home_steel.jpg

Tata Steel today announced its plans to set up a Rs 30,000 crore steel plant in Karnataka as the government-sponsored Global Investors' Meet (GIM) 2012 commenced here with the state laying a red carpet for potential investors.

The six million tonnes per annum capacity plant would come up up Haveri district, the company's Vice-Chairman, B Muthuraman, said at the inauguration function.
CMD of Aditya Birla Group, Kumar Mangalam Birla said the Group proposed to invest Rs 7,000 crore in the state, including for setting up a four million tonne per annum capacity cement plant at a cost of Rs 2,750 crore.

Karnataka government officials said before the event that the State aims to sign MoUs envisaging an investment of Rs six lakh crore during the GIM being held to showcase the State's investment potential.

At the inauguration, Chief Minister D V Sadananda Gowda said during the GIM 2010 the State signed 389 MoUs with (envisaged) investments amounting to Rs 3.92 lakh crore, of which more than 72% of the projects are in various stages of implementation.

source:http://business-standard.com/newsimgthumb/home_steel.jpg

RRaju

June 7th, 2012, 03:14 PM

Karnataka hopes for Rs 6 trillion investment at two-day global investors' meet

The Karnataka government has set an ambitious target of signing deals worth Rs 6 trillion by way of investments during the two-day Global Investors Meet 2012 that kicks off in Bangalore on Thursday.

That, however, could be a tall order given that most big global firms are absent from the meet this year. Global investors remain cautious about investing in India at a time when the coIuntry’s economy is slowing. Economic growth slipped to 5.3 per cent in the quarter ended March 2012, while the growth rate for fiscal year 2012 was at 6.5 per cent, below projections.

The first edition of the bi-annual meet, held in 2010, was a success, with names such as Lakshmi Mittal, Vijay Mallya, and Shashi Ruia in attendance, and over $1 billion from steel and mining firms pledged towards investment,

This year’s affair, however, looks set to be a relatively muted affair with very few global investors on the guest list. Chief Minister Sadanand Gowda, though, remains confident that new sectors outside steel and mining will bring in the big ticket investment. Both steel and mining sectors have been hurt badly in the state, after the High Court imposed a ban and cap on mining and exports following the exposure of large-scale illegal mining in the state.

Although the state government claims that 62 per cent of projects signed during the first edition have kicked off, big investments from ArcelorMittal and Posco are still in limbo.

“Information technology, biotechnology, aerospace, tourism and education will be focus sectors for GIM 2012, they will bring in new projects to the state,” Gowda told NDTV Profit.

About 32-33 per cent of all investments in the state come from sectors like energy, infrastructure, tourism, and healthcare. Industry has voiced its concern about the need to improve infrastructure in the state to attract global investors.

“I think the government has done a very good job of inviting the right investors because they have actually focused on sectors which are urgent needs for economic development in the state of Karnataka, and in that I think they have made a very focused concerted effort in making sure that key investors are present and will invest in Karnataka,” said Kiran Mazumdar Shaw, chairperson and managing director of Biocon.

But with growth still a worry for the global economy, and the state in the midst of a political storm, it remains to be seen whether investors at this year's meet are willing to open up their cheque books.

source:http://profit.ndtv.com/News/Article/karnataka-hopes-for-6-trillion-investment-at-two-day-global-investors-meet-305785

avinash2060

June 7th, 2012, 03:17 PM

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avinash2060

June 7th, 2012, 05:50 PM

Hindustan Aeronautics Limited (HAL) proposes to invest about Rs 600 crore to establish a unit for manufacturing 'New Fighter Aircraft' and Engine Production' at Chellaghatta, adjacent to HAL Airport here.

The Karnataka Government has agreed to support the growth and expansion of HAL in the State.

A Memorandum of Understanding was signed between HAL and the Government of Karnataka here today at the Global Investors' Meet, according to a release here today.

"The new unit requires access to runway. It is a time bound programme to establish the infrastructure, production facilities and supply of the Aircraft," said Mr R K Tyagi, Chairman, HAL.

The Company has around 40 acres of land at Chellaghatta. A new Division for Aircraft assembly and testing and another new Division for Engine assembly and testing are proposed for the new fighter Aircraft programme.

The production facility has a potential to create direct employment for around 1200 personnel. Another 3600 jobs are expected to be created because of logistics, services and outsourcing activities. (UNI)
http://www.newkerala.com/news/newsplus/worldnews-33925.html#.T9DNcFI4wgU

avinash2060

June 7th, 2012, 05:52 PM

The second edition of the Global Investors' Meet (GIM 2012) got underway Thursday amid fanfare to promote the state as a premier investment destination in diverse sectors of the economy across the state.

Being held for the first time at the sprawling Bangalore International Exhibition Centre (BIEC) on the city's outskirts, the two-day biennial event attracted about 5,000 delegates from across the country and overseas.

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avinash2060

June 7th, 2012, 05:55 PM

Presence of doyens of the Indian industry and global majors and high-profile delegations from Japan, Mexico and Bavaria in Germany at the grand inaugural ceremony was a great relief to the state government, which has been pulling all stops to convince investors that Karnataka is one state with many opportunities to explore.

Among the captains of the industry who graced the occasion and spoke were Infosys chairman emeritus N.R. Narayana Murthy, Aditya Birla Group chairman Kumara Managalam Birla, Tata Steel vice-chairman B. Muthuraman, ONGC chairman Sudhir Vasudeva, Larsen & Toubro (L&T) chief executive K. Venkataramanan, JSW Group chairman Sajjan Jindal, and Bharat Forge chairman B.N. Kalyani.

From overseas, Japanese vice-minister of economy, trade and industry Keiro Kitagami, Bavaria's deputy prime minister Martin Zeil, General Electric (GE) India chief executive John Flannery and General Motors (GM) managing director Lowell Paddock were present.

The state government had set an ambitious target of attracting a whopping Rs.six trillion (Rs.6 lakh crore) investments as against Rs.3.92 trillion (Rs.3.92 lakh crore) investments committed in the first edition of GIM 2010, though in reality only Rs.1.27 trillion (Rs.1.27 lakh crore) materialised.

While Minister for Tourism Subodh Kant Sahai could make it to the event an hour behind schedule, the absence of other two central ministers -- M. Veerappa Moily (corporate affairs) and Virbhadra Singh (micro, small and medium enterprises) -- was conspicuous.

As part of the mega-event, the state government has also organised a three-day expo at the venue to showcase the state, its human and natural resources, pro-active industrial policies, investor-friendly incentives, land bank and infrastructure for attracting investments from global and domestic firms.
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http://www.tvmangalore.com/images1/gim_070612-11.jpg

RRaju

June 7th, 2012, 06:23 PM

Yadgir is Karnataka's new business destination

BANGALORE: Carved out of the erstwhile Gulbarga district, Yadgir, about 426 km from Bangalore has been witnessing an exodus of youth in search of employment over the last decade. But the second edition of Global Investors Meet (GIM) that took off on Thursday promises to reverse this trend sooner or later.

The most Backward Yadgir district is fast emerging as one of the most sought after 'business districts' in Karnataka, if one goes by the investment proposals mooted at the GIM.

The state government had set its sight on roping in Rs 6 lakh crore. Of these Yadgir is expecting investments between Rs 20,000 and Rs 30,000 crore -- highest to any district in Karnataka after Bangalore.

What led to the turn around? Karnataka Small scale industries minister Narsimha Naik (Raju Gouda), who hails from the region said there are two major factors that have encouraged investors to favour Yadgir. One, the government has declared huge tax incentives like investment subsidy, sales tax exemption, etc., for those who set up their investment in this district.

Secondly, he said Yadgir's environment was conducive for investment now. Its strategically located, 160 km from the River Krishna and the River Bhima also runs through the district but still land is largely not irrigated, and hence there is plenty of space for the setting up of large industries.

A senior industries official said the other reason why investors are eyeing Yadgit is because of cheap labour that are locally available. The district has been more or less left untouched by industrialization. Unemployment was rampant since agriculture was the only source of income. Therefore cement and automobile industries are opting to set up shops in the district,'' he added

According to government statistics, Yadgir has been classified as a 'C' category, industrially backward district. Between 2001 and 2012, a total of 11 small industries had been set up in the district entailing an investment of Rs 377 crore. Between 2010 and 2012, at least 41 new industrial units had proposed come up in the district at a cumulative investment between Rs 20,000 crore and Rs 30,000 crore

But some investors are still skeptical that Yadgir would emerge has potential investment destination. The ball is now in the court of the state government. It should focus on creating infrastructure for facilitating industrial climate in the backward districts of the State. No body will invest just for the sake of water and labour. There are other key factors like industrial amenities, connectivity and power,'' said N Pratap Reddy, a small scale industrialist, who is looking forward to invest in Yadgir.

source:http://timesofindia.indiatimes.com/city/bangalore/Yadgir-is-Karnatakas-new-business-destination/articleshow/13905286.cms

karkal

June 8th, 2012, 03:04 AM

Any Japanese delegation came for this GIM; Any MOU's ?

avinash2060

June 8th, 2012, 04:57 AM

Investment proposals worth Rs 5,00,000 crore were signed on the Day 1 of GIM,industries minister Murugesh Nirani said but didn't issue a full list of MoUs signed.These are in sectors like aerospace,petrochemicals,cement,steel,IT parks,auto components,power,gems and jewellery,and wind and solar energy.The Tata Group is the single largest investor with Rs 56,000 crore across ten sectors.
Most investments this time are expected to come to North Karnataka,"Nirani said.That part is much less developed compared to the rest of the state.
The first edition of GIM saw investment proposals of Rs 3.92 lakh crore.The government says 62% have materialized.Responding to N R Narayana Murthy's comment on the importance of diversifying beyond the IT sector and moving beyond Bangalore,Nirani said future investments in IT and aerospace would be in tier 2 towns.
The proposed high-speed rail project,he said,would be funded by the World Bank.The state government will float an expression of interest to acquire land for the project.The government has initiated talks with Japan External Trade Organization and Japan International Construction Company to assist them to prepare a detailed project report to roll out the project.The train would connect Bangalore and Belgaum via Tumkur and Chitradurga along NH4.
http://lite.epaper.timesofindia.com/Repository/TOIBG/2012/06/08/18/Img/Pc0181200.jpg
http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=18&edlabel=TOIBG&mydateHid=08-06-2012&pubname=&edname=&articleid=Ar01806&format=&publabel=TOI

avinash2060

June 8th, 2012, 05:09 AM

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avinash2060

June 8th, 2012, 05:18 AM

The founder and managing director of Jindal Alluminium, S.R. Jindal, who hit out at corruption and red tapism in government at the Global Investors Meet (GIM) – 2012 , explained where his anger stemmed from in a chat with Deccan Chronicle. Excerpts…

What led you to make this attack on the government?
KIADB has acquired about 70 acres of land for Jindal Alluminium at Dobbspet. Although it should have been alloted to us six months ago, there's no sign of it and the authorities claim the farmers are not parting with it. Despite running from pillar to post we still have no land for our project. The officers only demand illegitimate favours and want us to grease their palms.

Why do you think the farmers are not parting with their land?
The governemnt has fixed Rs 45 lakh for the land abutting the road and Rs 35 lakh for the land located in the interior. But this is not adequate and the farmers’ demand is reasonable. We are ready to pay them proper compensation. There is scope for negotiation, but the government gets high-handed with the support of the police.

Why do you say that the single window agency is ineffective?
I can prove it is. The single window concept was formulated to give clearances in one go and attract entrepreneurs. But in reality it has several doors and ventilators. We still need to run around for 12 clearances from 12 different agencies like pollution control board, gram pachayat, labour inspectorate and so on. When appearing before the high power committee headed by the chief minister, these authoritiesl nod their heads, but later, when we go to them for clearance they raise hundreds of questions. We request the government to remove these hurdles to attract investors.
http://www.deccanchronicle.com/channels/cities/bengaluru/%E2%80%98what-single-windows-it%E2%80%99s-doors-and-ventilators%E2%80%99-591

avinash2060

June 8th, 2012, 05:22 AM

Making an all out bid to whet investor interest in the state, Chief Minister, D. V. Sadananda Gowda assured industry bigwigs at the Global Investors’ Meet (GIM-2012) , which kicked off in the city on Thursday, that the state government would increase its expenditure on infrastructure from 3.2 per cent of the Gross State Domestic Product to 8-9 per cent during the 12th Five Year plan, beginning 2012-13.

Delivering his presidential speech at the event which could translate into mega bucks for Karnataka, Mr Gowda acknowledged that the task of building infrastructure was enormous and required annual investments of Rs 30,000 crore during the next decade. “The state will develop a bouquet of projects to meet this infrastructure gap,” he promised, answering the unspoken questions of industrialists looking for facilities to set up base in the state. Drawing attention to tier-2 and tier-3 cities, he said the state government had provided separate budgetary allocations for improving their roads, bridges, and drainage and waste management systems to ensure their development.

In an obvious attempt to set at rest fears over land acquisition problems dogging investors in Karnataka, he said the state was now not only building a land bank near Devanahalli but had also begun a voluntary land bank scheme with a database of land owners interested in selling their properties. "The government is committed to playing the role of a catalyst and a facilitator to maintain the state’s position as India’s most preferred destination for investments," he declared, also dwelling on the government's attempts to promote Karnataka as an R&D hub of the country.

“We propose to establish a technology, innovation and research center in Muddenhalli in Chikkaballpur, the birthplace of Sir M. Visveswaraiah, which will be modleled on the Industrial Technology Research Institute in Taiwan,” he disclosed.
http://www.deccanchronicle.com/channels/cities/bengaluru/gim-crores-coming-594

avinash2060

June 8th, 2012, 05:38 AM

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engineer.akash

June 8th, 2012, 06:45 AM

Any Japanese delegation came for this GIM; Any MOU's ?

Today they might sign few infra projects deal,like shiradi tunnel,hi speed rail- chennai-mysore

avinash2060

June 8th, 2012, 06:48 AM

Today they might sign few infra projects deal,like shiradi tunnel,hi speed rail- chennai-mysore

even pharma MOU's are likely today along with 6 new proposed SIR

avinash2060

June 8th, 2012, 06:56 AM

http://2.bp.blogspot.com/-FYTOqJOXtyw/T9GFY3h_SjI/AAAAAAAAJUE/8JMIvvmsJ1I/s1600/Untitled.jpg

engineer.akash

June 8th, 2012, 06:56 AM

even pharma MOU's are likely today along with 6 new proposed airports

i just want to know the 12,000 cr SMES investment in my city Mysore that is going to happen today. And also keen on following infra PPP projects

avinash2060

June 8th, 2012, 07:29 AM

http://wstream.net/advantagekarnataka/Hall2/webcast.asp

JhonJ

June 8th, 2012, 08:05 AM

Japanese prefer Chennai to B’lore

Japan businessmen prefer Chennai and Ahmedabad over Bangalore for investment. Lack of good roads and non-availability of land are the two major reasons for the Japanese to look for better destinations.

These were the words of Kazumasa Kuboki, senior advisor, Japan External Trade Organisation, Bangalore, in his address at GIM II.

In an interaction with Deccan Herald at the venue, he said Bangalore was a ‘land locked’ city unlike Chennai and Mumbai, which have ports.

“In Bangalore, all major roads are narrow. The roads are not being widened. One solution is to go for peripheral roads, along with townships, so that roads within the city can be decongested,” he said.

Asked what were the problems faced by Japanese investors who would like to do business in Karnataka, Kuboki said projects did not see progress because of the unavailability of land.

“The government is facing a major problem in acquiring land for industrial purposes. Even the single window agency is not much of a help because land allotment, registration, applications for various clearances have to be secured after dealing with the single window agency.

Many of our investors prefer to go to Chennai, Ahmedabad or Mumbai. Yet, Japan has made investments in Karnataka. Toyota Kirloskar in Bidadi is planning to expand its manufacturing capacity,” he said.

To a query whether the political turmoil was also making investors wary of coming to Karnataka, Kuboki said, “Political climate is not a deterring factor”.

Earlier, at the session organised by representatives of Japanese firms, Hisashi Hosokawa, CEO of Green Arm Company Limited, told Deccan Herald that his firm had come forward to use the Japanese patented technology of HIR (Hot In Place Recycling) for rehabilitation, maintenance and extension of Bangalore’s Outer Ring Road.

The advantage of the system is that the carpeted road can take the traffic load within a few hours of the completion of work. There is no need to close the road for repair works.
“There are huge opportunities for this technology in Bangalore as you plan to expand and speed up repair work,” Hosokawa said.

HIR uses combined jet hot-air, heated to about 600 degrees Celsius in the diesel-fueled combustion chamber, which is milled, mixed with new asphalt mixture and recycled 100 per cent. “We will speak to the State government on the feasibility of using the technology for roads in Bangalore,” he said.

source:http://www.deccanherald.com/content/255360/japanese-prefer-chennai-blore.html

JhonJ

June 8th, 2012, 08:09 AM

Jindal brings govt down to earth

Company minces no words in listing bureaucratic hurdles investors face

One industrialist who did some plain speaking at the Global Investors Meet on Thursday was S R Jindal, the founder of Jindal Aluminium Limited.

While many other investors had bouquets for the government, for creating an ‘investment-friendly’ environment, Jindal, a long time investor in the State, in his address at the inaugural session, said Karnataka was not investor friendly as it claimed to be.

He insinuated that the State-level single window clearance committee, which clears mega investment projects under the chairmanship of the chief minister, entailed a complicated process.

Suggesting that the government should bring about improvements in the system, Jindal said, “The government claims that the single window clearance system facilitates easy processes. But when an investor peeks into the system, he is exposed to many doors and windows.

The scenario will hopefully change, now that senior officer M N Vidyashankar has taken charge of the department. We are hoping that there will be no more bureaucratic hurdles,” he said.

He said the government had made exaggerated claims about the outcome of the previous GIM.

“Only four per cent of the projects of the Rs four lakh crore investments that the State attracted have materialised, while some more are in the pipeline,” he said.

However, Jindal did not lag behind in stressing the responsibilities of corporate firms. Many corporate firms are failing to discharge effective corporate social responsibility. Corporate firms should contribute at least five per cent of their profits mandatorily towards the welfare of the poor.

Later speaking to reporters, Jindal said corruption was rampant in Karnataka and that it had slipped to the bottom five states in industrial growth, which was preventing industries from coming up in the State.

"I have been doing business in Karnataka from 1968 and during the course have met many bureaucrats. Earlier, the bureaucrats were courteous and hospitable. But this has changed over time. The so-called single window system has many backdoors and ventilators and the industrialists are made to run from pillar to post.

He said the State High Powered Committee had approved 70 acres in Dobbespet for a project, but the land was yet to be allotted to Jindal by KIADB. He alleged that bureaucrats indirectly sought bribes and favours to further the process.

Reacting to the statements of the industrialist, Industries Minister Murugesh Nirani said,
"Our single window system is one of the best. There is scope for improvement to ensure that the processes are hassle free."

As if Jindal’s criticism was not enough, Baba Kalyani too subtly flayed the government’s attitude towards attracting investors and providing them proper infrastructure facilities. He said quick decisions should be made to ensure that the investors are not distracted. He said that the government should ensure implementation of the projects that have come on board as part of GIM.

Kris Gopalakrishnan of Infosys said the government should provide a stable environment for investors, apart from ensuring that they are involved in the decision-making process.
N R Narayan Murthy, chief mentor of Infosys, said creation of sustainable employment was the need of the hour. Currently, the country has four crore youngsters who are unemployed. The country needs to create at least 10 crore jobs in the next one decade
to facilitate GDP growth, he said.

For creating jobs, he said, focus should be on three areas: attracting investments, promoting exports and diversifying industrial base. As far as Karnataka is concerned, there is a clear need for diversifying the IT sector and going beyond Bangalore, he said.
But there were investors who showered praises for the “political and bureaucratic support” that they got in the State.

B Muthuraman, vice chairman, Tata Steel, said his company’s relationship with the State was long standing and that Karnataka was a “great place to invest”.

“We are on a major expansion mode in Karnataka, because we simply love being here. We have always received excellent cooperation,” he said.

Vikram Kirloskar, vice chairman, Toyota Kirloskar Motors, said the policies of the State government had stayed consistent over the last decade, despite the changes in the political scenario.

“The government has stuck to its incentives. It has not withdrawn anything, unlike other states. All of its commitments have been met,” he said.

Sudhir Vasudeva, CMD, ONGC, said Karnataka had a “conducive business environment”.
“I can vouch for investing in Karnataka,” he said, adding that the Mangalore Refinery and Petrochemicals Limited had become a profit-making refinery thanks to the supporting policies of the State government.

Quote hanger

There are two types of people in the world –– foxes and hedge-hogs. While the fox is a hunter, the hegde-hog is known to stick its head in the ground. I see people of Karnataka as foxes, because they seek and they create opportunities. With GIM, you are expanding your hunting ground. A successful Karnataka is good for Africa.

Williams Nkurunziza
High Commissioner Rwanda

The Foreign Direct Investment between Bavaria and India has developed in a dynamic way. In fact, India is one of our key trading partners in Asia. Karnataka has an enormous economic strength.

Martin Zeil
Deputy Prime Minister
Govt of Bavaria, Germany

Despite the distance, Mexico and India share a large number of similarities. As a result of which there has been productive political dialogue and fruitful economic development. Mexico and Karnataka too have many similarities. We are both aerospace hubs, apart from being known agro and food processing, and automative sectors. Due to our confidence in the Indian economy we have invested heavily in the country.

Jaime Nualart
Mexican Ambassador to India

source:http://www.deccanherald.com/content/255367/jindal-brings-govt-down-earth.html

JhonJ

June 8th, 2012, 08:17 AM

Busy first day at GIM; proposals worth Rs. 5 lakh cr. announced

http://www.thehindu.com/multimedia/dynamic/01106/08BGGIM-1-PG-4_1106922g.jpg

Investment proposals in more than 400 projects, valued at more than Rs. 5 lakh crore, were announced at the end of the first day of the Global Investors Meet on Thursday. Leaders of several business conglomerates appreciated the industrial climate and reiterated their commitment to investment in the State.

Significantly, the steel and conventional power sectors, which enjoyed overwhelming domination at the last edition of the event organised by the former Chief Minister B.S. Yeddyurappa, only accounted for a small fraction of the investments. On the eve of the event, Minister of Large and Medium-Scale Industries Murugesh R. Nirani said the government expects investment proposals worth at least Rs. 6 lakh crore at GIM 2012.

Addressing the event, which was attended by delegates from across the world, N.R. Narayana Murthy, Chairman Emeritus, Infosys Ltd., urged industry and governments to “create quality employment”. “We need to create sustainable jobs for the 40 million unemployed youth in the country,” he said. “There is a need to diversify beyond Information Technology,” he said.

FACTORS STRESSED

He urged for a transparent policy regime, the need for creation of basic infrastructure using Public Private Partnership mode, the upgradation of educational infrastructure and the expansion of existing investments in the State.

Although Japan, Mexico and the State of Bavaria in Germany were listed as partner states to the event, barring the investment of Rs. 500 crore proposed by Toyota's joint venture, no other companies from these countries featured among the list of 25 Letters of Intent (LoI) for investments in projects that were announced at the inaugural session.

Describing the 2010 GIM as a “great success”, Chief Minister D.V. Sadananda Gowda said the government had been in “preparatory mode” for the current GIM for 20 months. He said sector-specific policies for aerospace, pharmaceuticals, automobiles, housing and solar power were on the anvil. He said projects approved by the State High Level Clearance Committee would be cleared within 24 hours.

Kumaramangalam Birla, Chairman, Aditya Birla Group, said Karnataka was “ahead of its peers because of its progressive policies”. He said his Group, which has already made a cumulative investment of Rs. 6,000 crore in the State has plans to invest Rs. 7,000 crore. The AB Group signed two LoIs at the event for a caustic soda plant and a cement plant, involving a total investment of over Rs. 6,500 crore.

BIG-TICKET PROPOSALS

Among the big-ticket proposals were those by the GVK Group — for a total investment of Rs. 29,000 crore in power projects. The Tata Group announced investments amounting to Rs. 26,000 crore across in nine sectors.

The Suzlon Group signed an Expression of Intereset (EoI) for Rs. 20,000 crore of investment in solar and wind power projects. Among large real estate projects were those by the Embassy Group (Rs. 14,370 crore); Ascendas' (Singapore) Rs. 10,400 crore in an integrated IT park adjacent to the ITPL in Bangalore; Rajesh Exports' investment of Rs. 11,986 crore in an integrated township; and the Tata Group's investment of Rs. 4,326 crore in an IT SEZ. The planned expansion of MRPL's facility in Mangalore, entailing an investment of Rs. 8,500 crore, was also included in the list of EoIs announced.

HAL PROPOSAL

An EoI with JSW Steel, for investments of Rs. 8,500 crore in its steel manufacturing facility, was also announced. Hindustan Aeronautics Ltd. also submitted a proposal for investment of Rs. 600 crore at a facility near the HAL airport.

source:http://www.thehindu.com/news/states/karnataka/article3501924.ece

avinash2060

June 8th, 2012, 08:29 AM

Patel Engineering Ltd today signed a memorandum of understanding (MoU) with the Government of Karnataka to develop 145 acres of land in addition to their existing 103 acres of ongoing development, Neotown-Bengaluru south in Bengaluru, with an investment of INR 2,025 crore, at the Global Investors Meet (GIM) 2012 at Bengaluru. The Government of Karnataka has signed the MoU to facilitate the necessary permissions, registrations, approvals, clearances from concerned public departments as per the existing rules and regulations, to support Patel’s development plans in the state.

“We are given to understand that this will constitute one of the largest investments across industry categories in Karnataka. We chose Karnataka due to its high economic growth potential which makes it one of the most significant states for us to focus on in India. In a city like Bengaluru, there is need for community living in Integrated Townships, where people can live, work, play, shop, and socialise all within an organised and serene environment. Our endeavour is to be able to provide an integrated township with all this and more. Neotown, located in Electronic City, has a very high potential for development in the coming years, with tremendous prospects for employment to the people. Moreover, due to the elevated expressway, Neotown is only 12 minutes from Koramangala, which provides easy and traffic free access to downtown Bengaluru from Neotown. This gives us the opportunity to offer people a relaxed social and professional lifestyle, with all the comforts and no compromise on quality in Electronic City,” said Mr. Pravin Malkani, Managing Director, Patel Realty.

This investment is in line with Patel’s strategic intent to acquire, develop and program real estate assets across major cities in India, where real estate demands have witnessed a sharp increase due to lifestyle changes amongst all age and socio-economic groups.

Malkani added, “Patel Realty has always set new benchmarks in the real estate industry in terms of service, quality, innovation and affordability, thereby creating value for customers, investors, vendors and employees. Some of our popular innovations include Smondos (smart condominiums) that set a new standard for studio apartment, and Neotowns that are self-sufficient townships catering to a family’s complete lifestyle needs such as healthcare, entertainment, shopping, commercial areas etc. We build complete homes and communities, not just houses.”

Patel Realty’s township, Neotown – Bengaluru South, is a well-established, integrated, self-sustained township that is part residential and part commercial including IT Park and a sprawling mall in the heart of Electronic City. Patel Realty has been progressing fast with developing the infrastructure on time, having delivered the first phase of this project ahead of schedule. With the new investment, Patel Realty’s land bank in Bengaluru will have a potential to be up to 248 acres, thus promising ambitious growth for this township, comprising a town centre, business and hospitality precincts. Neotown has over 2000 residential units in various advanced stages of development, and has witnessed a healthy sale and appreciation in price which has prompted people moving in from Bengaluru.

A well planned and integrated township of such mammoth scope in Electronic City will open up avenues for people to have a refined and leisurely lifestyle in an employment-rich high-tech zone, thus making this a preferred location for work and living.

With a total current land bank of approximately 1,243 acres spread across Mumbai, Bengaluru, Hyderabad, and Chennai, Patel Realty is today among the top 10 real estate firms in India.

http://www.businesswireindia.com/PressRelease.asp?b2mid=31516

avinash2060

June 8th, 2012, 08:51 AM

The structure i360 proposed by an NRI in GIM-2012 promises a 360 degree view of the entire city.

Suggested by NRI Neeraj Patil, the structure will rise to a height of 140 metres.

“I want the people to be able to have a bird’s eye view of Bangalore. It has the potential to become a major attraction for visitors and locals alike,” Patil told Express.

The idea of i360 was pitched to Chief Minister D V Sadananda Gowda at GIM on Thursday. Patil said that the CM seemed keen on the idea of having a structure like this in the city. “The CM has given us a single point of liaison to take the plan forward. Now we can start identifying lands and other things for the purpose,” he added.

The tower will be built by David Marks, who is also the brain behind the famous London Eye, which is a giant ferris wheel like structure in London.

Speaking to Express, Marks said, “We have tested a similar structure in Brighton which is ready to be put into operation. The team building the Bangalore i360, in case it is approved, will be the same one that worked on the London Eye.” He added that the structure would have a 20 metre base.

“Considering the wind conditions in the city, we should be able to go up to a minimum height of 140 metres,” he added. The tower will occupy the space of a tennis court, according to Dr Patil.

He added that the project would require lands in central Bangalore and close to transport centres.

The people behind the project would now approach the tourism department to conduct a study related to the city and discuss the sponsorship for the project.

http://newindianexpress.com/states/karnataka/article538588.ece

avinash2060

June 8th, 2012, 08:55 AM

The state government’s ambitious plan to set up a gas-based power project at Bidadi to the meet IT city’s electricity demand is likely to come true.

The state government on Thursday at the ongoing Global Investors Meet(GIM) signed an agreement with the US company Composite Global Energy Limited (CGEL) to facilitate the supply of gas to Bidadi and Tadadi power plants. The state government was forced to put these projects on the back burner after the Union government expressed its inability to allocate gas owing to scarcity.

“As per the agreement, the CGEL would supply gas for 20 years on a spot purchase basis,” said Energy and Civil Supplies Minister Shobha Karandlaje. However, Bidadi plant’s capacity was reduced to 700 from 1400 MW due to cost factor.

“Since we have to procure gas at the prevailing market price, it would burden the state’s exchequer. So we have decided to set up it in two phases,” Karandlaje added. However, the Tadadi plant, would generate 600 MW.

http://newindianexpress.com/states/karnataka/article538585.ece

JhonJ

June 8th, 2012, 11:17 AM

Global Investors Meet 2012 to unveil sector specific policies to boost investor confidence

MANGALORE: Karnataka - Where Enterprise Loves to Live - proclaim full-page advertisements in the run up to GIM 2012 in leading dailies in the state on Monday. Striving to cash in on the state's investment potential and give investors a sense of continuity irrespective of the party at the helm of affairs in Karnataka is a series of policies put in place ahead of Thursday's gala opening to the event. These policy initiatives will be unveiled at the inaugural function.

Giving a feeler of these policies aimed at spawning, CM DV Sadananda Gowda told TOI that major doubt in the mind of any potential investor is political stability or lack of it in any state. This has prompted the state government to send out clear signals to all potential investors that enterprise thrives in the state and irrespective of any government at the helm of affairs; the decision of their investment in Karnataka will not be misplaced at any point in time.

The policies drafted including those for pharmaceutical, automobile, aerospace, and textiles sectors, CM said, adding more such niche areas of investment will be covered in the form of policies. Asserting that these policy initiatives should not be construed as sign of political instability in Karnataka as there is none, CM said, "This will help investors get on with their decision to invest in the state and take it forward with the help of bureaucrats."

Even if political instability surfaces in the state at any point in time in future, CM said the policies will serve as the cornerstone of a framework that will safeguard investor's interest. GIM 2012 will also see Karnataka government announce a number of new schemes and projects, CM said, adding the draft Infrastructure Development and Regulation Bill would be showcased at the event to give a further boost to the already high investor confidence.

source:http://articles.timesofindia.indiatimes.com/2012-06-04/mangalore/32030212_1_cm-dv-sadananda-gowda-investor-confidence-karnataka

avinash2060

June 8th, 2012, 11:40 AM

A leading tourism destination in the country, Karnataka, attracted an investment of Rs 35,000 crore at the concluding day of the Global Investors' Meet (GIM) 2012 here today. Speaking at a special session on Tourism today, Tourism Department Principal Secretary Latha Krishna Rao said major trade houses, both within the country and abroad, who are reputed in creating tourist facilities, have come forward to set up theme parks, five-star hotels, resorts and other facilities at various tourist spots.

'A number of them are investing in World Heritage centre of Hampi. International hotel and resorts chain Hyatt is setting up a five-star hotel at Hampi, while Orange County, Somateeram, Windflower are setting up resorts around the World Heritage Spots in the state,' she said. She said there was good response from investors to the demand for creating facilities in Hampi and Pattadakal.

However, expression of interests received for the MoU signed by the department was outside the Bangalore, she said, adding, 'We have moved away from the state capital and are promoting tourism in tier 2 and tier 3 cities by setting up facilities for tourists.'
http://news.webindia123.com/news/articles/India/20120608/2000510.html

avinash2060

June 8th, 2012, 11:54 AM

Airports Authority of India (AAI) will construct a new residential colony for its staff in the city, at a cost of Rs.48.93 crore. The work on the project is expected to commence next year, AAI said in a press release here today. A memorandum of Understanding (MoU) to this effect was signed at the Global Investors Meet here today by Mr M.Muthu, General Manager (Co-ordination in-charge) on behalf of AAI and Mr Syed Isfaq Ahamad, Joint Director, Department of Industries and Commerce, on behalf of Karnataka Government.
http://news.webindia123.com/news/Articles/India/20120607/2000102.html

JhonJ

June 8th, 2012, 03:00 PM

Investors cannot find a place like Karnataka to reap benefits: Sadanand Gowda

MYSORE: Chief minister Sadananda Gowda appeared to be in a belligerent mood as far as GIM and flow of investments are concerned. In an interview with Times Of India in Mysore he said investors cannot find a place like Karnataka to reap benefits. Here are the excerpts.

Q: What is going to be your USP (Unique selling Proposition) for marketing GIM 2012?

A: Congenial atmosphere to do their business and investor friendly government to help the investors is our USP for marketing GIM 2012. Investors will not get more congenial atmosphere than Karnataka, people who have invested vouch this claim of mine. We are concentrating on investments in aero space, health care, infrastructure and IT and BT. This has received positive response from investors.

Q: Gujarat has been the role model for Karnataka in governance. But red tapism instead of red carpet for investors has been the major complaint which Modi has tried to do away with?

A: There is no truth in this, we have almost eliminated red tapism. In today at inaugural function industrialists like Aditya Birla and CEO of General Motors were appreciating the industrial policy of Karnataka. You cannot believe two High Power Committee (HPC) meetings presided by me have cleared proposals on a single day itself and industrialists have walked away with the sanction letter from the meeting hall. Both were saying that Karnataka has remained investor friendly for many years and they have no rules which are detrimental to the interests of the investors. But at the same time our concern is farmers should get remunerative price for their lands and jobs to their family members and local people. This we are insisting on the investors which in no way affects their work. For us investments are to provide jobs and boost state's economy.

Q: Industries in Karnataka have been raising concerns over fate of its investments in a slowing economy. How will you infuse confidence in them?

A: This is not the issue concerned to Karnataka alone. Not only state even country's GDP has gone down. It is because of global melt down of economies, this in turn has reduced our exports in field of IT and BT and other fields. IT exports are our strong point and this is going to pick up in the coming days. Trend of melt down has started reversing and definitely exports will rise. Investors should not have to worry about their investments. This time we are perceiving investors to invest in production and service sectors like health care and infrastructure.

Q: Why was GIM not marketed aggressively by the government?

A: Who said that we have not marketed this edition of GIM aggressively. We have held road shows in Japan, Singapore and San Francisco. Realization of investments will show how positively we have marketed this GIM. Vested elements are spreading all kind of canards about this GIM.

Q: Whether internal quarrels in BJP cast shadow on this GIM?

A: Not at all, everybody in the government worked sincerely to organize this GIM without allowing our internal matters to have their impact on the government work.

source:http://timesofindia.indiatimes.com/india/Investors-cannot-find-a-place-like-Karnataka-to-reap-benefits-Sadanand-Gowda/articleshow/13921872.cms

JhonJ

June 8th, 2012, 03:02 PM

Karnataka looks beyond Bangalore to promote tourism

The Karnataka government is looking beyond Bangalore to promote tourism in the state, as the state capital is bedevilled with infrastructure woes and is no longer a garden city.

"We have moved away from the state capital (Bangalore) to promote tourism in tier-two and tier-three locations and are setting up infrastructure facilities for tourists," state tourism department secretary Latha Krishna Rau said Friday.

Showcasing the state's tourist hotspots, including world heritage sites like Hampi, historical monuments and its rich flora and fauna at the second day of the Global Investors' Meet (GIM 2012) here, Rau said the state government was advising prospective investors to build infrastructure facilities in central, northern and coastal areas of the state, which abound with a range of tourist and religious spots.

"Of the Rs.35,000-crore investment proposals we have received at the GIM in the tourism sector, majority of them are for setting up infrastructure facilities at Mysore, Hampi, Pattadakal, Aihole, Belur, Bijapur and Jog in the state," Rau told about 500 delegates participating in the tourism session at the two-day mega event.

Among global and domestic investors evincing interest in the state, Hyatt Hotels & Resorts has signed an agreement with the state tourism department to build a five-star hotel at Hampi, about 300 km from Bangalore, renowned for its UNESCO-recognised world heritage site.

"Similarly, Orange County, Somatheeram and Windflower have come forward to set up resorts at other heritage sites, including at Pattadakal, Aihole and Belur," Rau pointed out.

Ranked fourth among states across the country as a popular tourist destination, Karnataka attracted a whopping 85 million foreign and domestic tourists in 2011 as against 25 million in 2005.

"We are anticipating $170 million in foreign exchange earnings from overseas tourists in 2020, up from $104 million in 2010, projecting an increase of 63 percent," Rau noted.

The state government is also offering a range of incentives for developing infrastructure facilities at 100 tourist locations across the state such as 50-75 percent exemption on stamp duty on investments above $10 million.

"We have given subsidies up to $72,967 in fiscal 2011-12 for investments in tier-two and tier-three locations in the state in the tourism sector," Rau added.

source:http://www.deccanherald.com/content/255467/karnataka-looks-beyond-bangalore-promote.html

avinash2060

June 8th, 2012, 05:12 PM

Karnataka has received investment proposals worth Rs 7.6 lakh-crore at the Global Investors Meet (GIM) 2012 with the potential to offer 15 lakh jobs. In addition, Rs 1.68 lakh crore was received as registration of interest for infrastructure sector.

A total of 730 MoUs were signed during the meet. Buoyed by the success of the meet, the State leadership has assured the business community that all MoUs signed at the two-day event will be taken to their logical end.

“GIM 2010 laid a ‘strong foundation' and GIM 2012 has built ‘tower of hope'. We expect success in days to come,” Karnataka ministers said. About 12,000 delegates, 800 companies, 462 exhibitors, over 30 MSMEs and 40 countries took part in this edition of GIM.

“In the last two days, GIM has focused on a range of upcoming sectors such as economics, science and technology, engineering, tourism, textile, infrastructure and energy,” the Chief Minister, Mr D.V. Sadananda Gowda, said during the valedictory function of GIM 2012.

“The State realises that land is one of primary issues. The government has taken a series of positive steps to build a land bank near Devanhalli for software and electronic hardware park,” the Minister for Large and Medium Industries, Mr Murugesh R. Nirani, said. The State has allocated 4,000 acres for science city in Challakere, about 200 km from Bangalore, he added.

In the last edition of GIM, 389 MoUs worth Rs 3.91 lakh crore were signed. Of them, 72 per cent are in various stages of implementation, he said.
http://www.thehindubusinessline.com/industry-and-economy/economy/article3505347.ece?ref=wl_industry-and-economy

engineer.akash

June 8th, 2012, 05:14 PM

Infotel to set up Rs. 3,300 crore facility at Bangalore

Infotel Broadband has a pan-India broadband wireless access (BWA) license to offer 4G services across the country

Bangalore: Reliance Industries Ltd subsidiary Infotel Broadband Ltd signed an in-principle agreement with the Karnataka government on Friday to set up a facility at the upcoming Devanahalli information technology (IT) park. The facility, spread over 36 acres, will entail an investment of Rs. 3,300 crore by the firm.

The memorandum of understanding (MoU) was signed on the second and final day of the Global Investors Meet.
Infotel Broadband has a pan-India broadband wireless access (BWA) license to offer 4G services across the country. The company has announced that it plans to set up 100,000 telecom towers for its 4G operations in the next three years.

Information technology firms Infosys Ltd and Wipro Ltd also signed MoUs with the Karnataka government to set up special economic zones (SEZs) near Bangalore. Infosys will set up an SEZ over 60 acres of land at Devanahalli near the Bangalore International Airport. The project cost is estimated to be Rs. 595 crore.

Wipro will set up a SEZ worth Rs. 461 crore in the Sarjapur area over 35 acres. Wipro is already in possession of the land and no land will be acquired for setting up the SEZ.

The Karnataka government also announced plans to set up an on-demand innovation centre for entrepreneurs and startups.

“A startup or a budding entrepreneur can come to this institution to manufacture a particular device. We should be in a position to provide a prototype in a few months”, said M N Vidyashankar, principal secretary for commerce & industries, IT, BT, and science & technology. BT is short for biotechnology.

The institute will be professionally run, and will not involve bureaucrats, Vidyashankar said.

The details of the institute are being fleshed out by a headed by Infosys vice chairman Kris Gopalakrishnan. The facility will come up at Muddenahalli, the birthplace of the late M Visvesvaraya, the eminent engineer, scholar and statesman.

Huge :cheers:

avinash2060

June 8th, 2012, 05:55 PM

The Housing and Urban Development Corporation (Hudco) will extend a fresh loan of Rs 2,500 crore to the Karnataka government for various urban development and housing projects. This includes a fresh loan of Rs 1,500 crore to the Bangalore Metro Rail Corporation Limited (BMRCL). The corporation signed a memorandum of understanding with the state government on Friday in this connection.

“We had extended a loan of Rs 700 crore to the BMRCL for the first phase of Metro in the city. Today, we have announced another Rs 500 crore towards the first phase of the project, while another Rs 1,000 crore would be extended for the second phase of the Bangalore Metro,” V P Baligar, Managing Director, Hudco, told Business Standard on the sidelines of a seminar on housing and urban development organized as part of the Global Investors’ Meet, here on Friday.

Apart from announcing a fresh loan to the Bangalore Metro, the corporation also announced Rs 500 crore each to Rajiv Gandhi Housing Corporation and Bruhat Bangalore Mahanagar Palike (BBMP) for carrying out various new projects, Baligar said.

First phase of the Bangalore Metro involves construction of rail lines for 42.3 kms at a cost of Rs 11,609 crore and the second phase involves 72 kms at a cost of over Rs 25,000 crore. The Reach-1, involving a distance of 6.7 kms on the East-West corridor in first phase, has been completed and commissioned for public use, while the works on the remaining four reaches are under progress at various parts of the city. The state government is presently awaiting Central government’s approval for the second phase of the Bangalore Metro.

Earlier, speaking a seminar at GIM, Baligar suggested that the state governments take up development of 100 acres to 500 acres at each taluk and district levels respectively to provide housing and urban infrastructure projects.

He said, 38.6 per cent of the population presently lives in the urban areas and by 2039 about 50 per cent of the national population would move to urban centres. This requires the creation of huge infrastructure in the areas of housing and urban development, he said.

Rajeev Chawla, metropolitan commissioner, Bangalore Metropolitan Region Development Authority (BMRDA), said the BMRDA Act would be revamped soon to enable it to prepare a systematic plan of the city of Bangalore. “The state government is thinking of innovative funding options to provide finance to urban local bodies to take up development projects. There are options available like municipal bonds, PPP projects to fund the public projects. But, the government is thinking of coming out with innovative plans to fund the civic projects,” Chawla said.

The BMRDA is also in the process of preparing base maps for Bangalore city spread over 8,800 sq kms.

The maps would provide details of all properties, both government and private, illegal and legal. The maps would be uploaded on the BMRDA website and be made available to the public very soon, he said.

The BMRDA has finalised four vendors for the development of an integrated township in Bidadi, which will be spread over 9,000 acres. The government will finalise the vendor after the new Land Acquisition Act comes into effect, he added.

BBMP Commissioner Shankaralinge Gowda said BBMP proposes to build about 200 skywalks with lift facility and 2,000 public toilets in Bangalore city under the public private partnership (PPP) mode. The BBMP is also planning to generate energy using solid municipal waste. Bangalore city generates about 5,000 tonnes of solid waste every day.
http://business-standard.com/india/news/hudco-to-extend-rs-1500-cr-fresh-loan-to-namma-metro/476736/

avinash2060

June 8th, 2012, 06:00 PM

Bangalore, June 8, 2012, (IANS):

It is raining trillions (crores) of rupees in Karnataka at its second Global Investors' Meet (GIM 2012) even though the advancing south-west monsoon is yet to hit this tech hub.

"We have received investment proposals worth a whopping Rs.7.6 trillion (Rs.7.6-lakh crore) from 730 global and Indian firms, exceeding the modest target of Rs.6 trillion (Rs.6 lakh crore) set for the second edition of GIM," state Chief Secretary S.V.

Ranganath announced at the valedictory function of the two-day mega event here.

In addition, the state government has signed registration of interest for basic infrastructure projects in the state to the tune of Rs.1.68 trillion (Rs.1.68 lakh crore).

The proposed investments and projects in 20 diverse sectors are projected to create about 1.5 million direct jobs to the people, including youth and women.

"A dozen state-run, private and foreign banks have also signed an agreement with the state government to provide Rs.3 trillion (Rs.3 lakh crore) as term loans and working capital to the firms investing across the state in the diverse sectors," an elated Ranganath told about 1,000 delegates present on the occasion.

Of the 20 sectors, about 40 percent of the total investment will be in energy alone for setting up power projects, followed by iron and steel 15.3 percent, cement 6.3 percent, IT & electronics 6.3 percent, industrial infrastructure 6.2 percent, chemical and petrochemicals 5.5 percent and housing & urban development 4.4 percent.

"The sunrise micro, small and medium enterprises (MSME) sector has for the first time attracted investment proposals worth Rs.35,000 crore (Rs.350 billion)," Ranganath asserted.

Among the 30 districts across the state, Bangalore urban and rural districts will account for 19.2 percent of the total investments and projects, followed by Chickballapur and Haveri four percent each.

In this context, state-run Housing & Urban Development Corporation (HUDCO) chairman V.P. Baligar said the state government would have to invest a whopping Rs.1 trillion (Rs.1 lakh crore) to create the required infrastructure, including housing for providing an enabling environment and an eco-system for the prospective investors.

"For the Rs.9.2 trillion investments coming into the state, with prospects of creating 1.5 million jobs over the next five years, the state will have to have concurrently invest in basic infrastructure across urban and industrial areas and housing," Baligar, an IAS officer from the state cadre, exhorted.
http://www.deccanherald.com/content/255517/karnataka-exceeds-investment-target-hits.html

avinash2060

June 8th, 2012, 06:11 PM

German auto component major, Bosch Limited is relocating its Bangalore plant at Adugodi to a bigger facility in Bidadi to facilitate its future expansion and growth.

The relocation will be conducted in two phases during 2012-13 and 2015-16. The company has acquired 97 acres of land in Bidadi for the construction of new factory and will invest Rs 600 crore in both phases.

"Since its inception in 1953, the Bangalore plant at Adugodi, of Bosch has grown to its full capacity and can not accommodate further expansion. Thus, shifting to a new location with ample expansion potential for future is the call of the hour to cater to the rapidly growing business needs," said the statement issued by the company.

The existing Bosch premises at Adugodi will continue to house Bosch, Headquarters in India. Besides, space available on account of relocation will, be used for expansion of Bosch R&D Centre and Robert Bosch Engineering & Business Solutions (India) to create a state-of-the-art Technology and, Engineering centre.

The shifting shall happen in two phases. Phase I of shifting involves plant construction from 2012 to 2013 while production shall begin by the first, quarter of 2014 with transfer of some 1000 employees.

Phase I shall see production of Common Rail Pump, Common Rail and Glow plugs in the new, Bidadi facility. Construction in Phase II will take place from 2015 to 2016., While production of Inline Pumps, Elements, Delivery Valves, Conventional and PF Pumps will begin by the first quarter of 2017. With this, the remaining, nearly 3000 employees will relocate to the new location in phase II.
http://economictimes.indiatimes.com/news/news-by-industry/auto/auto-components/bosch-limited-to-relocate-from-adugodi-to-bidadi-in-banglore-to-invest-rs-600-crore-in-a-new-facility/articleshow/13929108.cms

avinash2060

June 8th, 2012, 06:37 PM

The state government has been taking a special interest in the development of the automobile industry, minister for medium and large industries, Murugesh R Nirani, said on Thursday. He was speaking at a seminar on ‘Manufacturing: Focus on Engineering and Automotive Industry’ at the Global Investor’s Meet (GIM).

Nirani said the government had been offering infrastructure to the automobile sector’s growth, including at Narsapura industrial area in Kolar district, which is the upcoming automotive hub. He said that the industrial area was spread over 685 acres and the government was planning to allocate another 1,300 acres to it.
Nirani said that the government had decided to set up dedicated auto zones at Ramanagar, Shimoga, Hubli and Dharwad along the Suvarna Karnataka Development Corridor. He said currently, the state had auto clusters at Hoskote, Bidadi and Dharwad, and an industrial valve cluster at Hubli-Dharwad, besides auto-component clusters in Shimoga and Belgaum.

He said the state government had been taking steps to facilitate the automobile sector’s growth. He said the government was offering a special package for investment of more than Rs250 crore. Also, he said, special packages had been extended to many medium- and largescale projects the in auto sector in the state.

“The government has been offering investment promotion subsidy to small and medium enterprises, exemption of stamp duty and concessional registration charges, refund of conversion penalty, exemption from entry tax, incentives for export-oriented units, interest-free loans and VAT for large and mega projects,” he said.
http://www.dnaindia.com/bangalore/report_govt-fully-behind-automobile-industry_1699690

engineer.akash

June 8th, 2012, 07:21 PM

Tourism sector attracts Rs 35,000 crore investment at GIM

The Karnataka government on Friday said that the tourism sector has attracted Rs. 35,000 crore worth of investment in the ongoing Global Investors Meet.

Addressing a session organised as part of GIM 2012, Latha Krishna Rau, principal secretary, tourism department, said that a lot of investors were showing keen interest in investing at Hampi, a UNESCO World Heritage Centre.
"Hyatt Hotels and Resorts is setting up a five-star hotel at Hampi. Orange County, Somateeram and Windflower are setting up resorts around heritage spots like Pattadakal, Aihole, Belur, Bijapur, Jog, Mysore and Anekal," she said at the concluding day of the two-day summit.

Investors also have shown interest in providing tourism related facilities at Pattadakal and Bijapur. The sector has attracted Rs 35,000 crore investment proposals, she said.
Latha said the department was focusing more on promoting tourism in Tier II and III cities to set up facilities for tourists.

"Whatever Expression of Interest or MoUs we have signed is not for just for setting up facilities in Bangalore. We have moved away from the state capital and are promoting tourism in Tier II and Tier III cities for setting up facilities for tourists," she said.

In addition, land has been offered for tourism projects at various places like Hampi, Pattadakal, Aihole, Belur, Bijapur, Jog, Mysore and Anekal, Latha said.

The department also is offering investors provide water sports facilities on 2,000 acres of water bodies, Latha said.

She said Karnataka ranks fourth among states as a popular tourist destination. Tourist inflow has increased by 236 percent from 25.2 million in 2005 to 84.6 million in 2011, she added.

As much as 63 percent increase is anticipated in foreign exchange earnings from USD 104.1 million in 2010 to USD 169.5 million in 2020, Latha said.

Moreover, government is offering many incentives for investors to promote tourism development, Latha said, adding as many as 100 locations have been identified to implement liberalised land policy for tourism projects.

Government had also granted 50 percent and 75 percent on stamp duty exemption for investments below and above USD 10 million, she said.

http://post.jagran.com/tourism-sector-attracts-rs-35000-crore-investment-at-gim-1339160713

Hampi needed it :) hyatt welcome

Karnataka has to tap its vast tourism potential

engineer.akash

June 8th, 2012, 07:22 PM

Plan for defence industrial estate at Chitradurga

BANGALORE JUNE 8:
Karnataka plans to develop exclusive defence manufacturing industrial estate through public private partnership (PPP) route.

The industrial estate is to be developed as an ancillary hub for defence manufacturing in the State.

Karnataka State Small Industries Corporation (KSSIDC) at the Global Investors Meet (GIM) said the industrial estate would come up at Challekere taluk in Chitradurga district.

The land identified is close to the proposed facilities of the Indian Space Research organisation (ISRO), Defence Research and Development Organisation (DRDO), Indian Institute of Science (IISc) and Bhaba Atomic Research (BARC).

A senior KSSIDC official said, “The project is to be developed through a special purpose company on 74:26 bases. KSSIDC is the strategic stakeholder with 26 per cent by providing land and the balance by the private partner.”

The estimated cost of the project is Rs 50 crore based on the land use and infrastructure facilities.

As per the preliminary assessment, viability gap funding support to the project and equity internal rate of return (IRR) is in the range of 14 to 17 per cent.

“We are looking at a private partner who can help build industrial sheds and industrial plots and connect it to the national highway. The estate is being integrated with research and development units and also build integrated township. At the GIM we have got a few proposals and we need to evaluate them,” he added.

The State government is targeting Tumkur and Bellary districts for setting up manufacturing units under national manufacturing policy. The official said it is proposed to develop Tumkur and Vijayanagar area development authority area in Bellary as an NIMZ.

Nice to see Chitradurga getting premier institutes,my guess is turning out right...NH4 in 2020 would be filled with such top notch hi tech industries.Uranium enrichment plant is also coming up in chitradurga.

From logistics hub tumkur to Chitradurga science city to Auto cluster Dharwad which already boasts of world's largest bus manufacturing plant to sugar industries in belgaum.

NH4 rocks!! All this will take time for karnataka to put these investments in real growth,but atleast we have begun now though we should have done all this much earlier.:nuts:

engineer.akash

June 8th, 2012, 07:27 PM

Hudco to extend Rs 1,500 cr fresh loan to Namma Metro

BBMP Commissioner Shankaralinge Gowda said BBMP proposes to build about 200 skywalks with lift facility and 2,000 public toilets in Bangalore city under the public private partnership (PPP) mode. The BBMP is also planning to generate energy using solid municipal waste. Bangalore city generates about 5,000 tonnes of solid waste every day.

http://business-standard.com/india/news/hudco-to-extend-rs-1500-cr-fresh-loan-to-namma-metro/476736/

Someone said BBMP has woken up and appreciated the new commissioner.Let me remind you guys Shankar ligegowda IAS karnataka cadre was in charge of Urban transport dept,he did a wonderful job in restructuring KSRTC.

engineer.akash

June 8th, 2012, 07:32 PM

Apoorva Renewable Energy to make solar-electric buses for transport body

http://www.thehindubusinessline.com/multimedia/dynamic/01107/solar1_1107879f.jpg

Mining fades: (from left) Mr Devipadas Shetty, Chairman, Narayana Hrudayalaya; Dr Raghupati Singhania, Vice-Chairman and MD, JK Tyres; Mr D.V. Sadananda Gowda, Chief Minister of Karnataka; Mr Muruhesh R Nirani, Minister for Large and Medium Industry; Mr V. Vishwanathan, MD, Bosch, at the valedictory function of the Global Investor Meet 2012 in Bangalore on Friday. This year’s event saw reduced interest in mining compared to the previous GIM, where 60 per cent of the investments poured into the sector. Now, there has been an increase in investments into IT, biotechnology and aerospace sectors— G.R.N. Somashekar

BANGALORE, JUNE 8:
Buses in Bangalore may soon be powered by solar energy. The Bangalore Metropolitan Transport Corporation (BMTC) has placed orders with Apoorva Renewable Energy Products to design solar-electric hybrid buses, the company CEO, Mr Suresh Babu, said on the sidelines of the Global Investors Meet 2012.

“The BMTC has asked us to provide a sample hybrid vehicle and we have accepted the order and will start working on it,” Mr Babu said.

Several other government bodies such as the Bruhat Bengaluru Mahanagara Palike (BBMP) are in talks with the company too, he said.

The company makes three-wheeled vehicles powered by electric and solar power, and customises products for Indian conditions. “Using a common technology, we design products as per customer requirements and outsource the manufacturing,” Mr Babu said.

EXPORTS

Currently, the company's vehicles are used in Delhi and parts of Karnataka and it will start exporting in two months from now.

“During the GIM expo, Ministers from Saudi Arabia, Latin America, Ghana and Europe evinced interest in our products,” Mr Babu said, adding that the company already has orders in hand from Thailand for passenger vehicles to transport schoolchildren.

The mini school bus will come equipped with GPS capability so that parents can track their children en-route to the school and will also be able to monitor movement of the vehicle real-time.

“We are in advanced stages of talking to schools like Baldwin Boys High School for our mini school bus,” Mr Babu said.

The company makes three-wheeled nine-seaters, small cargo carriers and garbage pick up vehicles, starting Rs 75,000. “We are present only in the three wheeler segment and will not venture into other segments as there are several other big players there. Also, the audience we are targeting are the common man and the lower-end of the income pyramid who use three-wheelers,” Mr Babu said.

All the vehicles are fitted with batteries and one can switch from solar power to the batteries. The batteries, once fully charged, can cover about 120 km at a speed of 60 kmph, Mr Babu said.

With an increase in demand for the products, the company is in talks with several banks to strike deals to provide loans and financial assistance for customers, Mr Babu said. Currently, the government offers a 20 per cent subsidy on the products he added.

http://www.thehindubusinessline.com/companies/article3505672.ece

engineer.akash

June 8th, 2012, 07:38 PM

ONGC Chairman: MRPL to Invest $1.7 Billion to Boost Refinery Capacity
(Read more: http://www.foxbusiness.com/news/2012/06/07/ongc-chairman-mrpl-to-invest-17-billion-to-boost-refinery-capacity/#ixzz1xDyiBSTT)
Published June 07, 2012
Dow Jones Newswires
Mangalore Refinery & Petrochemicals Ltd. (500109.BY) will invest $1.7 billion to expand its refinery capacity to 21 million metric tons a year from 15 million tons, Oil & Natural Gas Corp. (500312.BY) Chairman Sudhir Vasudeva said Thursday.

MRPL as of now is South India's biggest refinery.

RRaju

June 8th, 2012, 07:43 PM

BIM ( Bangalore Investors Meet) on Sidelines of GIM is being Planned, where Opposition
parties also agreed for it as aired by various Kannada news Channels.

The focus area will be Infrastructure, Environment Science..... Specific areas where BBMP and BDA are not able to fund fully from it's Kitty.

we need to wait and see......

strike2

June 8th, 2012, 07:51 PM

Someone said BBMP has woken up and appreciated the new commissioner.Let me remind you guys Shankar ligegowda IAS karnataka cadre was in charge of Urban transport dept,he did a wonderful job in restructuring KSRTC.

And also the reason why BMTC is in such a good shape now...:)
He was the head of BMTC before taking up his job at BBMP if i am not wrong

avinash2060

June 9th, 2012, 05:02 AM

http://lite.epaper.timesofindia.com/Repository/TOIBG/2012/06/09/18/Img/Ar0180500.png

avinash2060

June 9th, 2012, 05:04 AM

http://lite.epaper.timesofindia.com/Repository/TOIBG/2012/06/09/18/Img/Ar0180901.png

avinash2060

June 9th, 2012, 05:31 AM

http://1.bp.blogspot.com/-YkPpyPocfVY/T9LDH-nHOsI/AAAAAAAAJaM/RVlLoPi3mMU/s1600/Untitled.jpg

avinash2060

June 9th, 2012, 05:40 AM

http://www.deccanchronicle.com/sites/default/files/imagecache/article_horizontal/article-images/Untitled-4_27.jpg.crop_display.jpg
f London can have its i360 tower, why not Bengaluru? NRI, Dr. Neeraj Patil, has dreamed up a 140m high- rise architectural marvel to provide a 360 degree view of the city, which he is banking on a team of UK architects to accomplish.

He has set the ball rolling already with a meeting with Chief Minister D. V. Sadananda Gowda on Thursday where he put forward his tall proposal for the city's own i360 tower, explaining that it has the potential to become a major attraction for tourists and locals alike.

“The CM has given us a single point of liason in order to take the plan forward, and now we can start with issues like identifying land and other parameters. It will be a public space with all amenities ," Dr Patil reveals.

The i360 tower in London has been designed by Marks Barfieldield, a company run by the husband and wife team of David Marks and Julia Barfield, who also designed the London Eye.

Mr David Marks,who was at GIM -2012, said he was delighted to bring the project to Bengaluru. “We have tested a similar structure in Brighton which is ready to be put into operation.

The team building the Bengaluru i360 if it is approved, will be the same as the one that worked on the London Eye,” he added. The structure in the city could have a 20 meter base with a pod, 18 m in diameter. “It will offer visitors a 360 Degree view of the city .

Considering the wind conditions in Bengaluru we should be able to go upto a minimum of 140 meters in height,” he explained.

The tower will occupy the space of a tennis court , preferably in Central Bengaluru, close to transport centers. Presently a detailed study of various aspects of the project, including its funding is under way.
http://www.deccanchronicle.com/channels/nation/south/nri-dreams-eye-sky-bengaluru-876

avinash2060

June 9th, 2012, 06:11 AM

Karnataka government has cleared five major pharma projects which is valued at Rs.550 crore at the three day Global Investors Meet 2012 held between June 6 and 9, 2012 at the Bengaluru International Exhibition Centre (BIEC).

The state department of health and family welfare went on to ink memorandum of understanding with the five companies: Ozone Group Infrastructure Developers to set up the pharma cluster titled ‘Jeevitham’, Medreich Sterilabs, Vivimed, Apotex Research Centre and SriWin. The projects are coming up on the land allotted by the Karnataka Industrial Area Development Board.

Of these five projects, two are in Bengaluru. They are Apotex Research Centre at the Bommasandra Industrial Area and Medreich's two companies namely Vivimed and SriWin are coming up at Bidar in north Karnataka. The location of the Ozone Group’s Pharma Cluster, ‘Jeevitham’, is at Doddaballapur.

Medreich which is a leading contract research and manufacturing company with a range of its own formulations already has six manufacturing facilities in Bengaluru.

Vivimed Labs' new Bidar facility will focus on manufacture of sunscreen actives. The company has teamed up with International Speciality Products (ISP), New Jersey for the production of a special range of UV absorbers.

SriWin is engaged in the production of pharmaceutical raw materials, amprolium.

Pharmabiz had earlier reported that Ozone Pharma Cluster spans over 330 acres will house research and development centres and formulation units for both pharma and biotech. It is located at Chikkaballapur which is 30 kilometers away from Bengaluru. While the investment by Ozone Group is Rs.500 crore in the project, it will see investments to the tune of around Rs.1500 crore by the companies setting operations in the Park.

“The pharma cluster has already evinced considerable interest from R&D companies and will go full stream from September when the Park project would officially begin to sign up with prospective companies,” N Mohan, vice president, strategy and operations Ozone Group told Pharmabiz.

Karnataka’s Stabicon is also in talks with Ozone Group to set up its product stability centre for carrying out analytical methods, development/validation and stability studies along with nutraceutical product development, stated Suresh Khanna, chairman, Stabicon.

Karnataka is the most preferred healthcare destination as it has the right ecosystem comprising of the best R&D institutions, large pool of scientific and technical manpower, hospital infrastructure, traditional medicine sector. Bengaluru alone has a concentration of over 45 per cent of the 300 biotech companies in the country.

The state government officials also stated that there are 15 projects in pharma sector in pipeline.The state is offering attractive exemptions, concessions, subsidies and reimbursements. The government has also set up a venture Fund of US$ 10 million for incubating start ups. There is also a major initiative to establish Primary health centre and dispensaries. We are working to sign up for more investments at the GIM 2012, said the officials.
http://pharmabiz.com/NewsDetails.aspx?aid=69465&sid=1