Dubai, Oct 26: The Karnataka Government, as a prelude to the Global Investors Meet --"Invest Karnataka-2016" --scheduled to be held from February 3-5, 2016, held a road show in Dubai last night to showcase the State as a preferred investment destination to prospective investors in the United Arab Emirates (UAE) region.

Led by R V Deshpande, Minister for Large and Medium Industries and Tourism, along with Kaushik Mukherjee, Chief Secretary and Gaurav Gupta, Commissioner for Industrial Development, explained the investment-friendly environment in Karnataka.
Karnataka was highlighted as the state of preferred investment destination to the prospective investors in the United Arab Emirates (UAE) region.
The State Government was targeting investments across sectors including manufacturing, aerospace and defence, infrastructure, tourism, health tourism, agro and food processing and energy held the event at the Shangri La Hotel in Dubai.
In his interaction, Deshpande said Indians are the largest investors in UAE and have contributed for the exponential development of the region including Dubai. It is time now for Indian fraternity to invest in India and specifically in Karnataka. He invited the industrialists /businessmen from UAE region to participate in the Invest Karnataka-2016 and invest in Karnataka.

Deshpande also emphasised the measures taken by the state government in improving ease of doing business in the state. He invited the industrialists/businessmen from UAE region to participate in the Invest Karnataka-2016 and invest in Karnataka.
Gaurav Gupta, commissioner for industrial development and director of industries and commerce, made a presentation on the potential investment opportunities available in various sectors like manufacturing, aerospace and defence, infrastructure, textiles, agro and food processing, renewable energy, etc in the state. He assured that every effort would be made to materialise the investment proposals by providing time bound and quick approvals.
Kaushik Mukherjee, chief secretary, responded to the questions raised by the participants and clarified the concerns raised by the participants in respect of energy projects, environmental clearance issues, tourism in coastal region, etc.

Dr B R Shetty, executive vice-chairman and CEO, NMC Healthcare, UAE Exchange, Neopharma, expressed that Karnataka has tremendous potential for investments and he himself was in talks with the government of Karnataka for investment in the tourism sector. He encouraged potential investors to invest in Karnataka.
T P Seetharam, ambassador of India to UAE, who was present during the road show, expressed that time has come for UAE to invest in India and Karnataka has lot of potential for investments.
As part of the road show, B2G meetings were conducted with the following potential investment proponents: • The KEF Company Ltd., Dubai • Shetty International Trading LLC, Abu Dhabi • Abu Dhabi Government represented by H E Omar Al Sahi • Spark Est Maintenance & Oil Fields Services, Dubai • Arab Gulf Pearl Trading Est, Dubai • PTV MENA Region DMCC, Dubai • Cambridge Education, Dubai, Abu Dhabi, Sharjah.

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