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ASEAN Chambers of Commerce and Industry Business Meet- 2019 - Hon’ble Chief Minister’s Speech....

(Bengaluru), February 25, 2019

-I am pleased to welcome you all to Karnataka and delighted to be present here in this august gathering at the inaugural ceremony of a truly global event ASEAN Chamber of Commerce & Industry Business Meet- 2019.

-At the outset, I would like to congratulate Federation of Karnataka Chambers of Commerce and Industry (FKCCI) for this unique initiative of bringing together ASEAN, ASEAN Plus countries, Invitee Countries, Heads, Global Industry Captains and Policy Makers on one platform for mutual benefit of both the host country as well as the participating countries.

-I am sure this event will enhance the two-way investment, Trade and Technology flow from around 30 countries into Karnataka in the 18 identified focus sectors.

-Friends, today Karnataka has been recognized as India’s most progressive and industrially advanced State and one of the most preferred investment destinations in the world.

-Recently, Bengaluru, the State Capital has been recognized as the world’s ‘Most Dynamic City’.

-With all of you gathered here, it bodes well for fostering a strong Karnataka and thank you most sincerely for the confidence that you have reposed in the State of Karnataka, her people and our Government, and its policies.

-Karnataka has always seen ASEAN, ASEAN Plus and Special Invitee countries as a partner of potentially great significance with several areas of mutual strength, which can create value and benefit to both sides.

-Our bilateral economic and strategic engagement is flourishing, and there is renewed enthusiasm from ASEAN, ASEAN Plus and Special Invitee countries industry to enter the Karnataka market.

-The State of Karnataka has been at the forefront of India’s march towards economic growth. Karnataka’s GSDP is Rupees 12 trillion in 2018-19 and the state’s economy is expected to grow at 9.6 per cent during 2018-19.

-In the 8 months since our coalition Government came into existence, I can assure you all, our government is Stable and Strong.

-My government is focused on pro-business approach and to ensure its benefits percolates down to the poor in order to provide employment opportunities and expand dynamic middle class. Several corrective steps have been taken in last few months to bring in economic reforms in the State.

-Karnataka is now ready for business as never before. We have made Doing Business Easier and Smarter by ensuring 98 percent compliance to provisions of Business Reforms Action Plan.

-Today, Karnataka has become a destination for leading businesses as it provides a globally cost competitive manufacturing environment.

-We have powerful combination of thriving ecosystem, highly skilled and talented workforce, great technical expertise, relentless innovation and business friendly policies.

-Our focus includes bringing our industrial infrastructure, policies and practices to best global standards and to convert Karnataka into a Global Manufacturing Hub.

-I am proud to share with you that today we are one of the top five R&D ecosystems of the world and also the second best ecosystem for start-ups. United Nations has ranked Bengaluru has the 4th largest technology cluster in the world after Silicon Valley, Boston, and London.

-To attract further investment, job creation, establish global linkages for the State, the “Global Investors Meet” will be organized in January 2020.

-Friends, Karnataka is thus, a land of immense opportunities where the safety and security of your investments is assured. For those who are not yet present in Karnataka, I extend an invitation and encourage you to explore the opportunities.

-The relationship between Karnataka and ASEAN, ASEAN Plus, Special Invitee countries is unique which offers immense hope for closer economic co-operation

-with the mutual desire to further expand and strengthen multilateral and inter-regional trade.

-I wish this event a grand success and congratulate FKCCI again on creating a platform to strengthen business ties between the participating countries and Karnataka.

Thank You!

Jai Hind! Jai Karnataka!

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