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Karnataka invites industries in NCR region for the Vendor Development & Investors’ summit

More importantly, the Summit will facilitate the participating companies in exploring the investment opportunities in the State of Karnataka and firm up their new/expansion investment proposals with the State Government in terms of project approvals or MOUs
New Delhi | Written by: BNN Team | Updated: 24-10-2017 | Views: 430
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Government of Karnataka aims to leverage on the technology and manufacturing prowess to attain a position of leadership and excellence in manufacturing and overall industrial development. In this regard, Government of Karnataka is organizing Vendor Development and Investors Summit on 23rd and 24th November 2017 at BIEC, Bengaluru. The summit will act as a common platform for CPSUs, SPSUs, Mega and Large units in identifying vendors of their choice in terms of production capacity and quality standards. This meet will also help MSMEs understand the need of the OEMs. In addition, this programme will benefit MSMEs in planning their production and product diversification.  

To promote the event among Original Equipment Manufacturers (OEM’s) and MSME’s of NCR region, Hon’ble Minister for Large & Medium Industries and Infrastructure Development along with Senior officers of Karnataka Government visited New Delhi today. During the day the delegation met with some of the key industries from NCR region to invite them to participate in the event and to discuss their interest in expanding their business in Karnataka.

During the meetings, Hon’ble Minister discussed with the companies the support and facilitation provided by Government of Karnataka for implementation of their projects in the state. He also invited them to participate in the forthcoming “Vendor Development & Investors’ Summit 2017” on 23rd & 24th of November 2017 in Bengaluru. 

In the evening, Government of Karnataka had organised a Road Show wherein presentation was made on “Manufacturing Eco system of the State” to the large audience present. More than 150 industry representatives and prospective investors participated in the Road Show. 

Hon’ble Minster in his address stated that Government is focused on providing momentum for imaging itself as the most industry friendly state in the country. While focusing on the growth, we are taking cautious steps to ensure that the development would not have adverse effects on the environment, people and the ecosystem. He also outlined the potential for investments in various sectors in the state viz. Aerospace & Defence Equipment Manufacturing, Automobiles, Auto components & Electric Vehicles manufacturing, Biotech, Pharmaceuticals and Medical Devices, Agriculture & Food Processing and Machinery, Textile and Apparels and Innovation & Start-ups among others.

Mr. D V Prasad, IAS, Additional Chief Secretary to Government of Karnataka, in his address emphasised on the initiatives undertaken by the state to develop the ecosystem for the overall industrial development with special focus on the MSME sectors. 

Mr. Rajender Kumar Kataria IAS, Secretary (Mines & MSME), Commerce & Industries Department, Government of Karnataka, informed participants about the purpose and salient features of Vendor Development & Investors’ Summit 2017

Mr. Deepak Sood, CEO, Invest Karnataka Forum, made a detailed presentation in the Road Show on “Enabling Manufacturing Ecosystem of Karnataka.”
Mr. Rahul Chaudhry, Chairman, CII Delhi State & Chief Executive, Servel India Pvt Ltd., Mr.Chandrajit Banerjee, Director General, CII., Dr. N.Muthukumar, President & Whole time Director, Automotive Axles Ltd., Mr. Deepak Bagla, Managing Diector & CEO, Invest India., Mr. V K Mathur, Advisor, J K Tyre & Industries Ltd., were also present in the Road Show. 

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