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Karnataka leads the way in many sectors with attractive policies to promote industries: Sitharaman

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Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday batted for investments in Karnataka saying that the state is a leader in many sectors and has attractive policies to promote industries.

The Union Minister, who is a Rajya Sabha member from Karnataka, said investors are willing to come to the state because of the record of Karnataka and Bengaluru in facilitating industries.

“Karnataka is a leader in many sectors. First in renewable energy, because 63 per cent of all our installed capacity lies in renewable energy. First in electrical maintenance, innovation, home to about seven plus auto Original Equipment Manufacturers (OEMs) — more than seven of them are here and 50-plus auto component manufacturers are here,” Sitharaman said addressing the gathering at the launch of the three-day Global Investors’ Meet titled ‘Invest Karnataka’.

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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