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 16,2024

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The Israeli regime is recruiting African asylum seekers to kill Palestinians in the Israeli genocidal war on the Gaza Strip in exchange for permanent residency status, according to a report.

The report, ran by the Israeli paper Haaretz on Sunday, revealed that the project is conducted in an organized manner, with the guidance of military establishment legal advisers.  

In Gaza, the death toll passes 41,200 with close to 100,000 more injured in almost a year since the Israeli regime forces launched their genocidal war. However, the continued violence is prompting some Jewish Israelis to leave the occupied Palestinian land.

To make up for the loss, Tel Aviv is offering the incentive of permanent residency status to asylum seekers who agree to join the Israeli regime forces ongoing genocide in Gaza.

Haaretz has learned that some people have expressed objections to the practice, arguing that it exploits people who have fled their countries due to war. However, according to those sources, these voices have been silenced.

“This is a very problematic matter,” one source was quoted as saying by Haaretz.

According to the report, there are currently some 30,000 African asylum seekers living in the occupied territories, most of them young men. Around 3,500 are Sudanese citizens with temporary status granted by the court because the regime has not processed and ruled on their applications.

Unnamed sources who spoke with Haaretz also revealed that while there were some inquiries about granting status to asylum seekers who assisted in the genocidal war in Gaza, none were actually given status.

Haaretz also learned that the Interior Ministry explored the possibility of drafting the children of asylum seekers, who were educated in schools in the occupied territories, into the Israeli military.

In the past, the regime allowed the children of foreign workers to serve in the military in exchange for granting status to their immediate family members.

African refugees, who came to the occupied territories seeking asylum, were previously kept in internment camps and deported without their own consent.

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News Network
September 20,2024

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Mandya: The Deputy Superintendent of Police of Nagamangala town in Mandya district has been suspended for "negligence and dereliction of duty" in connection with the clashes that broke out between two groups during a Lord Ganesh idol procession, police said on Friday.

This is the second suspension of a police officer over the clashes on September 11 following which mobs went on a rampage targeting several shops and vehicles leading to tension here.

The situation in the town has since returned to normalcy and most of the shops have started operating. However, adequate security forces continued to be stationed here as a precautionary measure, according to police.

Sumeeth A R, DySP (Nagamangala), was suspended on Thursday for negligence and dereliction of duty, Mandya Superintendent of Police Mallikarjun Baldandi told PTI.

"He (Sumeeth) was not present at the spot nor was he at the police headquarters when the incident occurred. He arrived late at the spot despite the sensitive nature of events," he said.

Earlier, Police Inspector Ashok Kumar posted at Nagamangala town police station was suspended for dereliction of duty in connection with the violence.

A total of 55 people have been arrested in connection with the incident.

According to police, an argument broke out between two groups, when the Ganesh idol procession by devotees from Badarikoppalu village reached a place of worship on September 11, and some miscreants hurled stones, which escalated the situation.

The police had used mild force to disperse the crowd to control the situation.

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News Network
September 9,2024

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Riyadh: External Affairs Minister S Jaishankar Monday met his Russian counterpart Sergey Lavrov here in the Saudi capital, days after President Vladimir Putin named India among the three countries he is constantly in touch over the Ukraine conflict.

Their interaction took place on the sidelines of the India-Gulf Cooperation Council (GCC) foreign ministers' meeting. Both the ministers are in the Saudi capital to attend ministerial meetings of the Gulf Cooperation Council.

"Russia’s Foreign Minister Sergey Lavrov held a meeting with Foreign Minister of India @DrSJaishankar," the Russian Foreign Ministry said in a post on X.

On Thursday, President Putin named India among the three countries he is constantly in touch over the Ukraine conflict and said they are sincerely making efforts to resolve it.

Speaking at the plenary session of the Eastern Economic Forum (EEF) in Vladivostok, Putin said, "If there is a desire of Ukraine to carry on with the negotiations, I can do that." His remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine, where he held talks with President President Volodymyr Zelenskyy.

"We respect our friends and partners, who, I believe, sincerely seek to resolve all issues surrounding this conflict, primarily China, Brazil and India. I constantly keep in touch with our colleagues on this issue,” Putin was quoted as saying by Russia's TASS news agency.

Russian Presidential Spokesman Dmitry Peskov last week told the Izvestia daily that India could help in establishing a dialogue on Ukraine.

Underlining the existing "highly constructive, even friendly relations" between Modi and Putin, he said the Indian Prime Minister can "lead the line on getting first-hand information from the participants in this conflict," as he “freely communicates with Putin, with Zelenskyy, and with the Americans.” "This gives a great opportunity for India to throw its weight in world affairs, to use its influence that would drive the Americans and Ukrainians towards using a greater political will and entering the peaceful settlement track,” Peskov said.

He, however, said there are "no specific plans" for Modi to mediate on the issue.

"At this time they can hardly exist, as we do not see any preconditions for talks for now,” the Kremlin spokesman said.

Modi on August 23 visited Ukraine where he conveyed to President Zelenskyy that both Ukraine and Russia should sit together without wasting time to end the ongoing war and that India was ready to play an "active role" to restore peace in the region.

His nearly nine-hour visit to Ukraine, the first by an Indian prime minister since its independence in 1991, came six weeks after he held summit talks with President Putin that triggered anguish in some Western countries.

In his talks with Zelenskyy in Kyiv, Modi said India was on the side of peace since the beginning of the conflict and he would even like to contribute personally to a peaceful resolution of the crisis.

Jaishankar arrived in the Saudi capital Sunday on the first leg of his three-nation tour to attend the first India-Gulf Cooperation Council (GCC) foreign ministers' meeting.

The GCC is an influential grouping, comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. The total volume of India's trade with GCC countries stood at USD 184.46 billion in the financial year 2022-23.

From Riyadh, Jaishankar will travel to Germany where he will meet the German Foreign Minister as well as the leadership and other Ministers from the German government to review the entire gamut of bilateral relations. This will be his third bilateral visit to Berlin.

On the third and final leg of his trip, Jaishankar will visit Geneva.

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