July 2019 \ Business & Investment \ OPPORTUNITIES IN INDIAN STATES
Karnataka woos US businesses

Showcasing Karnataka as a favourite investment ...

Showcasing Karnataka as a favourite investment destination in India, Chief Minister H.D. Kumaraswamy in July invited US businesses to invest in the southern state. “I seek your investments in our state, which offers huge opportunities in manufacturing and services sectors for US businesses,” Mr Kumaraswamy told investors at a seminar in Maryland’s Silver Spring near Washington.

During a week-long private visit to the US in June-July 2019 the Chief Minister addressed US investors and NRIs at the seminar on “New business opportunities in Karnataka”, organised by the US-India Small and Medium Enterprise Council.

According to a copy of his speech shared with media by the Chief Minister’s Office in Bengaluru, Mr Kumaraswamy invited US businesses to participate in the ‘Global Investors’ Meet’ that the state would host in January 2020 on opportunities, incentives and facilities it offers to potential investors. “I seek your participation to make the Global Investors’ Meet a success as it is meant to attract investments from domestic and overseas firms with global linkages for job creation,” he said. Holding his state was ready for business as never before, the Chief Minister said his coalition government made doing business easier and smarter by ensuring 98.6 per cent compliance to the Business Reforms Action Plan norms.

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