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Yeddyurappa defends dry-land acquisition

Special Correspondent


‘Eight lakh jobs created after 2009 investors meet'

The next meet will be held from June 4, 2012


BANGALORE: Underlining the need for farmers to sacrifice for the greater common good, Chief Minister B.S. Yeddyurappa on Thursday defended the Government's policy of acquiring dry-land for industrial development.

Inaugurating a state-of-the-art auditorium of the Karnataka Small Scale Industries Association (KASSIA) here, he assured them of protecting the environment and ecology. There is nothing wrong in utilising dry-land for industrial development and it is not right to oppose that, he said.

At the Global Investors Meet (GIM) of 2009, the Government succeeded in attracting investments Rs. 2.5 lakh crore investment.

Over 200 projects, of the 389 for which investors signed memorandums of understanding with the Government, “are in progress” and they had created eight lakh jobs. As many as 14 projects have been commissioned, he said. “We have appointed exclusive nodal officers to ensure speedy implementation of the projects,” he added.

Considering the success of investors meet, the Government was planning to hold the next such meet in Bangalore on June 4 and 5, 2012.

“The State has become a favourable destination for the investors across the globe, because of the investor-friendly environment. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) favoured Karnataka and Gujarat for investment,” he noted.

“We are targeting to achieve Rs. 10 lakh crore investment in the next meet and the aim is to make Karnataka a model State in the next two years,” he said.

Efforts were on to create industrial environment by building airports in district headquarters and work on the Shimoga and the Gulbarga airports was nearing completion.

It had also been decided to set up international convention centre near the international airport in Bangalore at a cost of Rs. 250-crore on a 35-acre plot to promote the city as an attractive destination to host huge conference and exhibitions, he said.

The Government is also planning to draw Rs. 50,000 crore worth of investment in the “Global Agricultural and Horticulture Investors Meet” scheduled in November and preparations are on to make that a great success, he said.

To a request from KASSIA to conduct a conference to address its problems, he responded positively and assured it of releasing Rs. 1 crore of the Rs. 2 crore earmarked for them. “I will also instruct tax authorities against harassing you,” he promised.

Minster for Industries Murugesh R. Nirani said that considering the response for the investors meet, it could be said that the State was poised for an “industrial revolution”.

Emphasising the need for holding “Kaigarika Adalat” on a regular basis, he said that most of the problems could be sorted out in the adalat.

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