Bangalore - Annual Global Investors Meet

[avinash2060]

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/...=&publabel=TOI

[avinash2060]

[avinash2060]

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

[uno.piyush]

Originally Posted by avinash2060

Avi,

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

[uno.piyush]

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/...cle3300812.ece

[avinash2060]

[avinash2060]

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/...ue&ref=wl_home

[JhonJ]

Series of projects cleared before GIM-2012



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/...cle3449623.ece

[nandan_ks]

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]

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

[sunilkumar]

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.

[JhonJ]

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/...ors-ahead.html

[avinash2060]

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/artic...g-the-GIM.html

[engineer.akash]

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]

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/2012/06/0715...s16-trill.html

[avinash2060]

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/art...w/13902325.cms

[RRaju]

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

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/newsimg...home_steel.jpg

[RRaju]

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/...rs-meet-305785

[avinash2060]

[avinash2060]

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/newspl...l#.T9DNcFI4wgU