Yediyurappa appeals American companies to invest in Karnataka

News Network
September 2, 2020
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Yediyurappa

Bengaluru, Sept 2: The Karnataka state government in partnership with US-India Business Council (USIBC) held a virtual delegation meeting yesterday with American Business houses to attract trade and investments to the state of Karnataka.

The meeting was attended by Chief Minister of Karnataka BS Yediyurappa, Ambassador Taranjit Singh Sandhu, Indian Ambassador to the United States along with senior govt officials from Govt of Karnataka and official from USBIC.

The meeting touched upon numerous business opportunities and investments that are available for American investors in Karnataka. Chief Minister held talks with US industry captains and detailed on the huge opportunities in IT, ITES services, machine tooling, manufacturing, aerospace, biotechnology, and engineering design.

"Karnataka is the favoured choice for investors and is home to 400 of the Fortune 500 companies in the world. The state is currently ranked second in terms of FDI investments for the period ending March 2020," said Chief Minister BS Yediyurappa, while attending the Webinar.

"The India-US relationship continues to strengthen with strong strategic, defence, and people-to-people ties. The trade between the two countries has grown significantly over the last two decades, from USD 19 billion in 2000 to USD 149 billion in 2020. Karnataka exhibits significant potential in many sectors and offers a policy-driven ecosystem for industries and is characterized by responsive & industry-friendly administration and policy continuity. We have dedicated policies to promote various sectors such as biotechnology, healthcare, semiconductors, agriculture, automobiles," he added.

Karnataka has been an attractive investment destination and is one of the most industrially advanced states in India. Today, Karnataka is a nearly USD 250 billion economy and growing strong. The state has been leading the country in several sectors. The state has traditional strengths in a wide range of industries - such as Machine tools, Heavy machinery, Automobiles, Electronics, Aerospace & Defense, Biotechnology.

Uncertainty around the US-China economic relationship, as well as the coronavirus outbreak, provides an opportunity to evaluate the US-India trade and economic relationship. This would make India a competitive destination for many US companies, the Chief Minister added.

Karnataka is taking cautious steps to reboot the economy and support economic activities in the state. The recent 2019 NITI Aayog 2019 Innovation Index has Karnataka at the top. This has been possible due to the availability of quality human resources, reputed higher educational institutions, and a significant thrust on research and development aided by a proactive administration and conducive investment climate.

"Keeping the investor-centric approach, our government has launched the New Industrial Policy 2020-2025, to build a prosperous Karnataka and create large-scale employment opportunities. This industrial policy is very forward-looking and brings with it several incentives and regulatory reforms such as land access and labour market regulation. Promoting economic and industrial development of our state has always been a top priority for our government," he said.

"Keeping in mind the immense potential for combining US's capital, innovation, and technologies with the rich human resources and economic opportunities available in Karnataka's high-growth economy, I invite US companies to invest across sectors in Karnataka," Chief Minister added.

"Karnataka is one of the leading industrialised states in India and has been successful in providing the needed economic and social infrastructures for investment, industries and business to the US companies. I am sure that together Karnataka and US can forge a mutually beneficial economic partnership. The state offers a policy-driven ecosystem for industries - is characterized by responsive & industry-friendly administration, business and policy continuity," Gaurav Gupta, IAS, Principal Secretary, Commerce & Industries Department, Government of Karnataka said.

"I believe that the current geopolitical scenario has presented a golden opportunity to further nurture US - Karnataka bilateral relationship and transform it into a global strategic partnership. Karnataka is the knowledge capital of India and has been at the forefront of innovation," Gunjan Krishna Commissioner for Industrial Development and Director of Industries and Commerce Government of Karnataka said.

"Today's discussion with Chief Minister Yediyurappa, Ambassador Taranjit Sandhu, USIBC Board Member Kiran Mazumdar Shaw and other industry leaders highlighted the opportunities Karnataka presents in sectors like IT, machine tooling, aerospace, biotechnology, and engineering design. Karnataka has undertaken significant policy reforms to become one of India's most business-friendly states. As India seeks to compete on the global stage, Karnataka's "New Industrial Policy" and similarly forward-leaning policies will be critical to attracting investment and creating new jobs," Nisha Biswal President of the US-India Business Council (USIBC) said.

The virtual delegation meeting was attended by Gaurav Gupta, Principal Secretary - Commerce and industries, Commissioner for Industrial Development, Gunjan Krishna Commissioner for Industrial Development and Director of Industries and Commerce, Tim Roemer, Executive Director, APCO, William Blair CEO, Lockheed Martin, Simon George, President, Cargill, Ramesh Ramadurai, Managing Director 3M, Hemant Kanoria, Chairman and CEO, SREI, K Nanaiah, Managing Director Equifax, Dr Vasudev S Gavaskar, Partner, True North Partners, Nitin Bhate, AGM - New Business Initiatives, Xylem, Ramkumar Narayan, Managing Director VMware, Rahul Shah, CEO, Katalyst Technologies, Vivek Vasistha, Lead Global Process IBM, Nileema Dwivedi, Head of Government Affairs Microsoft and other leaders of the US companies based out of India.

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News Network
September 19,2024

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At least 20 people have been killed as more communication devices detonated in Lebanon a day after simultaneous explosions of pagers across the country left at least a dozen dead and thousands injured.

Explosions were reported in multiple locations in Lebanon, including at the site of a funeral for a child killed in a pager explosion the previous day.

Media reports said that several blasts occurred simultaneously in Beirut similar to what happened on Tuesday. Several explosions were also reported in southern and eastern Lebanon.

Lebanon’s Health Ministry said at least 20 people were killed and more than 450 injured in the new wave of explosions. 

An informed source said that the detonated devices came from the same batch of cargo as the detonated pagers, all imported from the same company.

The Lebanese Army Command called on the people not to gather in the scenes of security incidents to allow the arrival of medical teams.

Civil defense teams are extinguishing the fires that broke out as a result of the explosions, while ambulance teams continue to transport the injured.

The new act of aggression came as top Hezbollah official Sayyed Hashem Saffieddine was delivering a speech affirming that the Israeli acts of terrorism will have their own punishment, stating that the resistance is steadfast and capable of inflicting more defeats on the enemy.

The Hezbollah official said a speech by the movement’s Secretary-General Sayyed Hassan Nasrallah, planned for Thursday, will clarify matters and that the movement will face a new pattern and a new confrontation with the enemy.

Thousands of pagers widely used by resistance factions and also public service workers exploded on Tuesday, leaving at least a dozen dead and around 3,000 people injured.

The Lebanese government has blamed Israel. Hezbollah has promised the Israeli regime will receive ‘just punishment’ for the attacks.

Taiwanese company Gold Apollo said the pagers used in the Israeli deadly terrorist attack on Tuesday had been made by a Hungarian firm, to which the company had authorized its brand on the devices.

The company made the remarks in a statement on Wednesday, identifying the firm as BAC Consulting KFT based in the Hungarian capital Budapest.

The UN Security Council is due to meet on Friday to discuss the latest blasts that hit Lebanon, council president Slovenia said on Wednesday after Lebanon requested an emergency meeting.

UN Secretary-General Antonio Guterres said Wednesday that civilian objects should not be weaponized.

"I think it's very important that there is an effective control of civilian objects, not to weaponize civilian objects -- that should be a rule that... governments should, be able to implement," Guterres said at a briefing at UN headquarters.

"As important as the event in itself, is the indication that this event confirms that there is a serious risk of a dramatic escalation in Lebanon -- and everything must be done to avoid the escalation," he said.

"What has happened is particularly serious, not only because of the number of victims that it caused, but because of the indications that exist that this was triggered, I would say, in advance of a normal way to trigger these things, because there was a risk of this being discovered."

The Euro-Mediterranean Human Rights Monitor described the detonation of pagers and wireless devices in Lebanon on Tuesday and Wednesday as a blatant violation of international law.

The organization said the attack did not only target Hezbollah members but also indiscriminately exploded devices used by civilians.

The timing of the attack indicates that Israel did not take necessary precautions, as it occurred when device users were at home with their families, leading to numerous severe civilian injuries, including children, it said.

Israel's actions constitute a flagrant violation of international humanitarian law, which prohibits indiscriminate attacks and the targeting of civilians and their property, and mandates that warring parties distinguish between civilians and combatants at all times, the rights monitor said.

The organization called for an urgent and independent international investigation into these attacks and pressure on Israel to immediately stop its crimes and prevent further escalation in the region.

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News Network
September 14,2024

Bengaluru: Karnataka Home Minister G Parameshwara on Saturday said the situation in violence-hit Nagamangala town in Mandya district is peaceful now, and steps have been taken to ensure that no untoward incidents take place.

Clashes had broken out between two groups during the Ganesh idol procession in the town, following which mobs went on a rampage with stone pelting and targeting several shops and vehicles leading to tension on Wednesday night.

"Situation in Nagamangala is now peaceful and there is no problem there. I have also instructed officials to hold a peace meeting there. We have instructed officers to ensure that no untoward incidents take place, enough police force is also stationed there," Parameshwara told reporters here.

About 55 people have been arrested in connection with the incident and they have been sent to judicial custody, according to police sources.

Responding to a question on opposition parties including JD(S) leader H D Kumaraswamy raising doubts about the FIR, he said, "The police will do what has to be done in accordance with law..."

Asked about BJP sending a fact finding team to Nagamangala, the Home Minister said, "Let them find the facts and inform us, and if there is any fact from their fact finding, we will look into it. It will make our work a bit easier." The BJP panel consisting of MLA C N Ashwath Narayan, former Minister Byrathi Basavaraj, former Minister K C Narayana Gowda, state secretary Lakshmi Ashwin Gowda, and former IPS officer Bhaskar Rao, will visit the spot and submit a comprehensive report to the party in a week.

According to police, an argument had broken out between two groups, when the Ganesh idol procession by devotees from Badri Koppalu village reached a place of worship on Wednesday, and some miscreants hurled stones, which escalated the situation.

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News Network
September 12,2024

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Mysuru: More than 50 people have been arrested in connection with the riots between two groups of different faiths, at Nagamangala town, Mandya district, over the Ganesha idol procession, on Wednesday night.

High drama prevailed in front of the Nagamangala town police station on Thursday morning, with women belonging to both Hindu and Muslim communities staging a protest against the arrest of their family members and demanding their release.

The two groups started arguing over the Ganesha idol procession on the Mysuru-Nagamangala road, near a 'dargah'. This soon turned violent with stone being pelted. Reports said that around 25 shops were also set on fire.

Several vehicles were damaged and torched by the mob. However, police intervened and brought the situation under control, deploying additional police forces.

Holiday has been declared to schools and colleges in Nagamangala town until further notice. Police have imposed section 144 till 12 noon of September 14.

SP Mallikarjuna Baladandi, IGP (Southern Range) Boralingaiah, DC Kumar and other officials visited the spot.

District incharge Minister N Chaluvarayaswamy visited the spot on Thursday morning and took stock of the situation. Speaking to reporters he said, the incident was unfortunate.

"The clash which started around 9 pm on Wednesday, flared up with miscreants setting fire, damaging shops and vehicles in the town. There is no need for anxiety. Additional police forces have been deployed in the town and the situation is under control now," he said.

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