Wednesday, 24 June 2009

UAE investors keen on Karnataka, says CM of Karnataka

UAE investors keen on Karnataka, says CM of Karnataka

24 June 2009

Members of the royal family of the United Arab Emirates and UAE-based non-resident Indian Kannadiga B R Shetty have evinced interest to invest in Karnataka, chief minister B S Yeddyurappa said in Bangalore on Tuesday.

They have expressed a desire to invest in the areas of hotel, housing complexes, development of infrastructure facilities, energy, supply of drinking water in cities, urban development and waste management, among others, he said.

Addressing a meeting of the Karnataka NRI Forum, Yeddyurappa, however, did not talk about the extent of the proposed investment they were planning.

He said an NRI, in collaboration with Canadian firm CSQR Inc, had come forward to set up an Advanced Technology and Management Institute in Karnataka.
The chief minister said a data base of 701 NRI-Kannadigas had so far been created.

He said there was a need for active cooperation by the forum for government's aim of attracting investment of Rs300,000 crore after the proposed Global Investors' Meet.
"There is an intention to host 'Pravasi Bharatiya Diwas' in Bangalore. It's the responsibility of this forum to make it possible", the chief minister said.

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