Karnataka is safest place to do business; we compete internationally: CM Bommai

News Network
May 25, 2022

Bengaluru, May 25: With a number of Indian states lining up here at the WEF Annual Meeting to woo investors, Karnataka Chief Minister B S Bommai on Wednesday said his state is the "safest place to do business" and it is not competing domestically but at the international level and listed hydrogen and ammonia fuel as the next focus areas.

He also said that nearly half of the foreign companies present in India are already in Karnataka and all of them are planning to expand and diversify in the state while many more are evincing interest attracted by the robust infrastructure, and talent pool and ease of doing business in the state.

In an interview with PTI at the World Economic Forum Annual Meeting 2022 here, Bommai said the process to decongest the state capital Bengaluru is underway by developing many adjoining areas as well as tier 2 and tier 3 cities while four more airports would be built this year.

"Karnataka story is different from other states," he said.

Talking about his visit here, Bommai said Davos experience has been excellent and he has witnessed that the international investor community has recognised India as an emerging economic giant and particularly Karnataka.

6"In the aftermath of Covid-19, lockdowns and China's economic downfall, most of the countries are looking at India and their first destination in Karnataka and Bengaluru, because of a highly-tech ecosystem which we have, the highest number of R&D centres and our expertise in aerospace, defence, machinery tools and of course Information Technology and Biotechnology," he said.

"Also, we have got long-standing relations with most of the forward-looking countries, both in the European and American blocks. Almost 50 per cent of the foreign companies present in India are already in Karnataka. The state is also on the top in terms of the FDI flow in the last year, with almost 42 per cent share of the total flow coming into the country," he said.

Further, Bommai said that in niche areas like renewable energy, electric vehicles and battery storage, the state government has taken a lot of initiatives.

"We are aware of climate change and everyone needs to ensure that fossil emissions are limited therefore role of renewable energy is very important. Karnataka accounts for 63 per cent of renewable energy production," he said.

The chief minister said that most of the foreign companies already present in Karnataka are planning to expand and diversify in the state.

"Many of them have already approached us and we have cleared their plans while others are in the process of finalising their plans. Companies that are present in Karnataka will not go back or move to other states, because of the ecosystem and business-friendly atmosphere the state offers.

"Not a single one has any intention to leave, rather most of them have offered their expansion plans," he asserted.

Bommai listed semiconductors, hydrogen fuel and ammonia as among the other focus areas for the state going forward.

"A lot of companies are talking to us. The hydrogen fuel initiative is on the anvil. A strategic location and certain facilities are required, which we have offered to the companies.
"We have got a renewable energy policy. We are now getting into hydrogen fuel in a big way, and also creating ammonia from different sources. We will also look at exports," he said.

The Karnataka leader said that necessary infrastructure is being created for domestic as well as export purposes.

"We are also looking beyond Bengaluru for all these projects. We are also going to decongest Bengaluru. That is necessary and the work has already begun.

"We are looking at nearby areas to the state capital and also at tier-2 and tier-3 cities. We have got very good air connectivity and we are building another four airports this year," he added.

Bommai said that investors know very well that Karnataka is the safest place to do business with all the necessary infrastructure and support system.

"We are competing internationally, not at the domestic level. Companies present in the state are with us and very happy and we want them to invest more. Both the state and the entrepreneurs should benefit from our growth story," he added. 

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News Network
December 29,2024

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A plane with 181 people on board crashed at South Korea's Muan airport after it veered off the runway while landing, with 177 people confirmed dead.

As per Yonhap news agency, the crash was reported in the South Jeolla province when the Jeju Air flight 2216 was returning from Thailand.

Two people - both believed to be flight crew - were rescued by authorities, which continued evacuating passengers from the Boeing 737-800's rear section. Two people are missing. 

Among the 181 on board, 175 were passengers and six were flight crew. Emergency services at the airport began operations around 9 am after the aircraft crashed into a fence after a failed belly landing attempt and erupted in flames. Visuals showed black smoke rising above the crash site.

The crash is believed to have been caused by "contact with birds, resulting in malfunctioning landing gear", coupled with adverse weather conditions. "The plane is almost completely destroyed, and identifying the dead is proving difficult. The process is taking time as we locate and recover the remains," the fire department in Muan said in a statement.

Two minutes before the crash, the pilot issued a Mayday call, Ministry of Land. It added, "It took approximately three minutes from the control tower's mention of a bird strike warning to the aircraft's attempt to land on the runway again."

When asked if the accident happened due to the runway being too short -- video shows the plane coming off the tarmac and hitting a wall -- the official said this was likely not a factor. "The runway is 2,800 meters long, and similar-sized aircraft have been operating on it without issues," they said.

Acting President Choi Sang-mok called for the mobilisation of all resources to save the passengers. "All related agencies must mobilise all available resources to save the personnel," he instructed officials in a statement.

Meanwhile, Jeju Air said it 'sincerely apologises' for the plane crash. "We at Jeju Air will do everything in our power in response to this accident. We sincerely apologise for causing concern," the airline said in a statement posted on its social media channels.

It is the first fatal accident in the history of Jeju Air, one of South Korea's largest low-cost carriers, which was set up in 2005. The aircraft involved in the crash was acquired in 2017 from Europe's low-cost carrier RyanAir.

On August 12, 2007, a Bombardier Q400 operated by Jeju Air carrying 74 passengers came off the runway due to strong winds at the southern Busan-Gimhae airport, resulting in a dozen injuries.

Second Plane Crash In A Week

Sunday's crash comes days after an Azerbaijan Airlines passenger plane crashed on Wednesday in Kazakhstan, claiming 38 lives.

Azerbaijan Airlines' Flight J2-8243 crashed and caught fire near the city of Aktau in Kazakhstan after diverting from southern Russia where Ukrainian drones were reported to be attacking several cities.

Russian President Vladimir Putin apologised to Ilham Aliyev, the president of Azerbaijan, for the "tragic incident". "It was noted in the conversation that the Azerbaijani passenger aircraft, which was travelling according to its schedule, repeatedly tried to land at Grozny airport. At that time, Grozny, Mozdok and Vladikavkaz were being attacked by Ukrainian unmanned aerial vehicles, and Russian air defence systems repelled these attacks," according to a Kremlin statement.

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News Network
January 7,2025

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New Delhi, Jan 7: Fifty-three people were killed after an earthquake of magnitude 7.1 hit Tibet near the Nepalese border today, news agency AFP said quoting Chinese media Xinhua. The tremors of the earthquake were felt in several parts of India, including Bihar, Assam and West Bengal.

The epicentre of the earthquake was in Tingri county in Shigatse city. Tingri is about 400 km southwest of Tibet's capital Lhasa and is on the border with Nepal. It is a tourism hub for those visiting Mount Everest. 

According to the National Centre for Seismology (NCS), the earthquake was recorded at 6:35 am. NCS data reveals that two more earthquakes hit the region shortly after the first one. 

The second earthquake of magnitude 4.7 was recorded at 7:02 am at a depth of 10 km and the third earthquake of magnitude 4.9 at 7:07 am at a depth of 30 km. 

Nepal is nestled in a geologically active region, where the Indian and Eurasian tectonic plates collide, forming the Himalayas and making earthquakes a frequent occurrence. In 2015, nearly 9,000 people died and more than 22,000 were injured when a 7.8-magnitude quake struck Nepal, destroying more than half a million homes.

The tremors were particularly felt in Bihar where people were seen outside their houses and apartments. There have been no reports of any damage to property because of the earthquake.

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News Network
December 30,2024

Mandya: A 21-year-old man died after he allegedly blew himself up with a gelatin stick in front of the house of a girl he was in love with after her family rejected him, police said on Monday.

The incident occurred at Kalenahalli village of Mandya district on early Sunday morning, they said.

According to police, Ramachandra was in a relationship with a minor girl. Last year, he was booked under Protection of Children from Sexual Offences Act after he eloped with the girl. He was arrested in the case and spent three months in jail as an under-trial.

After getting released from jail, he entered into a compromise with the girl's family and the case was refuted in the court. But later, he started calling the girl and continued to maintain his relationship with her, police said.

Apparently, the girl's family was planning to get the girl married to someone else once she attained the legal age, a senior police officer said.

Ramachandra, a resident of a neighbouring village in Nagamangala taluk was allegedly upset with the girl's family for rejecting him. Suddenly on Sunday, he reached in front of the minor girl's house and detonated the gelatin stick he carried with him and the explosion claimed his life on the spot, the officer added.

Based on the complaint from the deceased person's family, calling it suspicious death, a case has been registered, police said. His family was in quarrying business and that's how he got access to gelatin stick, police said.

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