Karnataka should grow faster than India: Shri. Arun Jaitely

Bengaluru, February 03, 2016: Karnataka should be growing by 2 – 3 percent faster than the country’s GDP. The state has potential in better natural resources and quality human resources. The Central government will extend all required help to Karnataka for its overall growth said Shri. Arun Jaitely, Union Minister for Finance, Corporate Affairs and Information and Broadcasting. Speaking after inaugurating three day Invest Karnataka-2016, a global investors meet organised by the Karnataka Government at Bengaluru today Shri. Jaitely said that, Karnataka has all human and institutional resources to grow faster than India. Each state in India is competing with each other in attracting investments. This is the most positive sign of national growth. The state with consistent track records of stable politics, easy access of land and natural resources are the primary destinations of investments the minister said.

Addressing on the problem of poverty the minister said that Governments should make people come out of poverty. There is no other solution to eliminate poverty other than making India grow. Investments in private sector and rural areas are the biggest challenges for which India should respond instantly. Investments in the progressive sectors should be attracted more. Manufacturing sector should be developed and Research & Development should be improved for the overall national growth said the minister.

The minister said that our country is a state of cooperative federalism. Federalism and democracy should be the strength of the government and not the obstacle. India is withstanding the adverse effects of the global economic slowdown. We are relatively un-impacted by some of the factors which have caused the global crisis the minister said.

Shri. M. Venkaiah Naidu , Union Minister for Urban Development, Housing, Urban Poverty Alleviation and Parliamentary Affairs , Shri. Nitin Gadkari, Union Minister for Road Transports, Highways and Shipping, Shri. Ananath Kumar , Union Minister for Chemicals and Fertilizers , Shri. Siddaramaiah, Chief Minister of Karnataka, several ministers from state government and industrialists across the world were present during the occasion.

Invest Karnataka -2016 is a three day mega Investment Summit organized by Government Karnataka from February 3 to 5, 2016 at Bengaluru. 5,000 delegates across the world are participating in the three day summit. 145 projects on various aspects of business and investments will be showcased throughout the summit. A mega exhibition Invest Karnataka -2016 has been organized as part of the summit.