CM Kumaraswamy invites ASEAN members to invest in Karnataka

Agencies
February 26, 2019

Bengaluru, Feb 26: Portraying Karnataka as a land of opportunities with assured return on investments, Chief Minister H.D. Kumaraswamy on Monday invited ASEAN businesses to invest in the southern state in a big way.

"All those who are not yet present in Karnataka, I invite them to explore trade and business opportunities to invest or expand their operations in the state," said Kumaraswamy at the first ASEAN Chamber of Commerce & Industry business meet here.

As a regional inter-governmental organisation, the 10-member Association of Southeast Asia nations (ASEAN) promotes cooperation and facilities for two-way trade and investment among them and with the world over.

Organised by the Karnataka Chambers of Commerce and Industry (FKCCI), in this tech hub, the 3-day summit has over 200 members of ASEAN, Asian-plus countries and global industry captains and policy makers on a single platform for mutual benefits.

"The summit will enhance two-way investment, trade and technology flow from about 30 countries to our state in 18 identified and diversified sectors," Kumaraswamy told about 500 domestic and international delegates," said the Chief Minister.

Noting that Karnataka was recognized as the preferred investment destination in the country, the Chief Minister said recently Bengaluru was recognized as the world's amost dynamic city.

"India's bilateral economic and strategic engagement is flourishing in the ASEAN region, with renewed enthusiasm from its members to enter our state," said Kumaraswamy.

With Rs 12-trillion Gross State Domestic Product (GSDP) in 2018-19, Karnataka is at the forefront of socio-economic development and poised to grow at 9.6 per cent by March 31.

"As our government is growth-oriented to ensure economic benefits reach the poor and generate jobs, we have taken many corrective steps in the last eight months," said the Chief Minister.

To attract more investment, create jobs and provide global linkages, the state government will hold 'Global Investors Meet' in January 2020.

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coastaldigest.com news network
October 8,2024

Mahmed.jpg

Mangaluru, Oct 8: The city of Mangaluru mourns the loss of M Ahmed, a pioneering businessman, philanthropist, and the Founder Chairman of the AK Group. He passed away on Tuesday morning at the age of 76, leaving behind a legacy that spans decades of service, innovation, and community building.

M Ahmed, also fondly known as A K Ahmed, was a man of humble beginnings who grew into one of the most respected entrepreneurs in South India. He founded the AK Group in 1984, which has since flourished into a multi-faceted business empire. The company, which began as a small frame manufacturing unit, now encompasses a wide range of industries, including plywood, formaldehyde, particle boards, fire-rated products, and more. AK Group's growth extended beyond India, with manufacturing units established in Myanmar and Vietnam.

What began with 18 employees in 1984 has today expanded to provide employment to approximately 3,000 people in India and 400 abroad. M Ahmed’s dedication and vision were instrumental in transforming the company into a market leader, recognized for its high-quality products and innovation. AK Plywood is now one of India’s top plywood manufacturers, and the largest in South India. The company was Karnataka’s first plywood manufacturer to receive ISO certification and has garnered prestigious awards, including the Rising Stars Power Brands Award in London (2017) and the Best Manufacturer Award from MSME Karnataka (2018).

Ahmed’s business success was deeply rooted in values instilled in him during his early years. He worked alongside his father, the late Abdul Khader Moopa, loading sawn timber, and it was from these humble beginnings that he developed his work ethic, pioneering spirit, and respect for time—values that remained the cornerstone of his remarkable career.

His foresight was evident when he recognized the potential of timber from Perumbavoor, Kerala, for plywood and blockboards at a time when it was merely being used as firewood. This strategic move led to the establishment of one of the first frame manufacturing and peeling units there, and soon after, Ahmed launched his own company in Mangaluru, swiftly earning national and international recognition.

Beyond plywood, the AK Group has diversified into multiple industries, including marine food, pharmaceuticals, construction materials, hypermarkets in India and the UAE, and food industries in Indonesia. Under Ahmed’s leadership, the company’s reach expanded, ensuring its position as a formidable player in various sectors.

Ahmed was not only an extraordinary businessman but also a deeply compassionate individual, dedicated to social and religious causes. He served as the founding president of the managing committee of Ihsan Masjid in Mangaluru and established the Highland Educational and Cultural Centre. His philanthropic efforts were as vast as his business ventures, benefiting countless communities both in India and abroad.

His kindness, simplicity, and punctuality were hallmarks of his character. Those who knew him admired his unyielding commitment to excellence, as well as his warmth and generosity. M Ahmed is survived by his wife, three daughters, and four sons, who continue his legacy of philanthropy and social service.

As news of his passing spread, tributes poured in from all sectors of society. Social, religious, and political leaders in Mangaluru expressed their deep sorrow over the loss of a man who dedicated his life to improving the lives of others.

M Ahmed’s journey from humble beginnings to massive success will continue to inspire generations. His life serves as a testament to the power of vision, perseverance, and, above all, integrity.

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