Karnataka is safest place to do business; we compete internationally: CM Bommai

News Network
May 25, 2022

Bengaluru, May 25: With a number of Indian states lining up here at the WEF Annual Meeting to woo investors, Karnataka Chief Minister B S Bommai on Wednesday said his state is the "safest place to do business" and it is not competing domestically but at the international level and listed hydrogen and ammonia fuel as the next focus areas.

He also said that nearly half of the foreign companies present in India are already in Karnataka and all of them are planning to expand and diversify in the state while many more are evincing interest attracted by the robust infrastructure, and talent pool and ease of doing business in the state.

In an interview with PTI at the World Economic Forum Annual Meeting 2022 here, Bommai said the process to decongest the state capital Bengaluru is underway by developing many adjoining areas as well as tier 2 and tier 3 cities while four more airports would be built this year.

"Karnataka story is different from other states," he said.

Talking about his visit here, Bommai said Davos experience has been excellent and he has witnessed that the international investor community has recognised India as an emerging economic giant and particularly Karnataka.

6"In the aftermath of Covid-19, lockdowns and China's economic downfall, most of the countries are looking at India and their first destination in Karnataka and Bengaluru, because of a highly-tech ecosystem which we have, the highest number of R&D centres and our expertise in aerospace, defence, machinery tools and of course Information Technology and Biotechnology," he said.

"Also, we have got long-standing relations with most of the forward-looking countries, both in the European and American blocks. Almost 50 per cent of the foreign companies present in India are already in Karnataka. The state is also on the top in terms of the FDI flow in the last year, with almost 42 per cent share of the total flow coming into the country," he said.

Further, Bommai said that in niche areas like renewable energy, electric vehicles and battery storage, the state government has taken a lot of initiatives.

"We are aware of climate change and everyone needs to ensure that fossil emissions are limited therefore role of renewable energy is very important. Karnataka accounts for 63 per cent of renewable energy production," he said.

The chief minister said that most of the foreign companies already present in Karnataka are planning to expand and diversify in the state.

"Many of them have already approached us and we have cleared their plans while others are in the process of finalising their plans. Companies that are present in Karnataka will not go back or move to other states, because of the ecosystem and business-friendly atmosphere the state offers.

"Not a single one has any intention to leave, rather most of them have offered their expansion plans," he asserted.

Bommai listed semiconductors, hydrogen fuel and ammonia as among the other focus areas for the state going forward.

"A lot of companies are talking to us. The hydrogen fuel initiative is on the anvil. A strategic location and certain facilities are required, which we have offered to the companies.
"We have got a renewable energy policy. We are now getting into hydrogen fuel in a big way, and also creating ammonia from different sources. We will also look at exports," he said.

The Karnataka leader said that necessary infrastructure is being created for domestic as well as export purposes.

"We are also looking beyond Bengaluru for all these projects. We are also going to decongest Bengaluru. That is necessary and the work has already begun.

"We are looking at nearby areas to the state capital and also at tier-2 and tier-3 cities. We have got very good air connectivity and we are building another four airports this year," he added.

Bommai said that investors know very well that Karnataka is the safest place to do business with all the necessary infrastructure and support system.

"We are competing internationally, not at the domestic level. Companies present in the state are with us and very happy and we want them to invest more. Both the state and the entrepreneurs should benefit from our growth story," he added. 

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News Network
February 1,2026

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Sunday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it offered no tangible benefit to the state.

Though he said he was yet to study the budget in detail, Shivakumar asserted that Karnataka had gained little from it. “There is no benefit for our state from the central budget. I was observing it. They have now named a programme after Mahatma Gandhi, after repealing the MGNREGA Act that was named after him,” he said.

Speaking to reporters here, the Deputy Chief Minister demanded the restoration of MGNREGA, and made it clear that the newly enacted rural employment scheme — VB-G RAM G — which proposes a 60:40 fund-sharing formula between the Centre and the states, would not be implemented in Karnataka.

“I don’t see any major share for our state in this budget,” he added.

Shivakumar, who also holds charge of Bengaluru development, said there were high expectations for the city from the Union Budget. “The Prime Minister calls Bengaluru a ‘global city’, but what has the Centre done for it?” he asked.

He also drew attention to the problems faced by sugar factories, particularly those in the cooperative sector, alleging a lack of timely decisions and support from the central government.

Noting that the Centre has the authority to fix the minimum support price (MSP) for agricultural produce, Shivakumar said the Union government must take concrete steps to protect farmers’ interests.

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News Network
January 31,2026

Roy.jpg

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

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News Network
January 23,2026

Mangaluru: The Karnataka Government Polytechnic (KPT), Mangaluru, has achieved autonomous status from the All India Council for Technical Education (AICTE), becoming the first government polytechnic in the country to receive such recognition in its 78-year history. The status was granted by AICTE, New Delhi, and subsequently approved by the Karnataka Board of Technical Education in October last year.

Officials said the autonomy was conferred a few months ago. Until recently, AICTE extended autonomous status only to engineering colleges, excluding diploma institutions. However, with a renewed national focus on skill development, several government polytechnics across India have now been granted autonomy.

KPT, the second-largest polytechnic in Karnataka, was established in 1946 with four branches and has since expanded to offer eight diploma programmes, including computer science and polymer technology. The institution is spread across a 19-acre campus.

Ravindra M Keni, the first dean of the institution, told The Times of India that AICTE had proposed autonomous status for polytechnic institutions that are over 25 years old. “Many colleges applied. In the first round, 100 institutions were shortlisted, which was further narrowed down to 15 in the second round. We have already completed one semester after becoming an autonomous institution,” he said. He added that nearly 500 students are admitted annually across eight three-year diploma courses.

Explaining the factors that helped KPT secure autonomy, Keni said the institution has consistently recorded 100 per cent admissions and placements for its graduates. He also noted its strong performance in sports, with the college emerging champions for 12 consecutive years, along with active student participation in NCC and NSS activities.

Autonomous status allows KPT to design industry-oriented curricula, conduct examinations, prepare question papers, and manage academic documentation independently. The institution can also directly collaborate with industries and receive priority funding from AICTE or the Ministry of Education. While academic autonomy has been granted, financial control will continue to rest with the state government.

“There will be separate committees for examinations, question paper setting, boards of studies, and boards of examiners. The institution will now have the freedom to conduct admissions without government notifications and issue its own marks cards,” Keni said, adding that new academic initiatives would be planned after a year of functioning under the autonomous framework.

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