Bangalore - Annual Global Investors Meet

[vinblr]

Hi All,

I felt we can have thread of GIM, 2010 as there is lot to happen in infra sector for Bangalore as well as Karnataka as a whole..

Hope you all agree me to have this thread here....

May the updates of GIM start pouring in here

Note: If seniors/local moderators of SSc feel this thread is unnecessary, pls feel free to delete this thread

[think-tank]

Explore Sectors: http://www.advantagekarnataka.com/explore_sectors.html
Shelf of Projects (PPP): http://www.advantagekarnataka.com/shelf_projects.html

[gentem]

Over 95% of investments beyond Bangalore



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]

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

[vinblr]

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

[vinblr]

[vinblr]

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.












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.

[nandan_ks]

Originally Posted by gentem

Over 95% of investments beyond Bangalore

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

[gentem]

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]

Originally Posted by vinblr

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

[avinash2060]

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]

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

[think-tank]

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

[nandan_ks]

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

http://www.advantagekarnataka.com/tr...d_tourism.html

[gentem]

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]

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/re...galore_1390886

[HedonistAtBlr]

^

[vinblr]

[krinix]

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]

Originally Posted by avinash2060

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/re...galore_1390886

Thats near Nandi hills... Too far from bangalore. You think it will take off??