Ministry of Finance
Karnataka has emerged as a major job generator: Union Finance Minister Smt. Nirmala Sitaraman
Karnataka would be essential foundation for investors in coming years says Smt. Nirmala Sitaraman
Posted On:
02 NOV 2022 11:03PM by PIB Bengaluru
The Union Finance Minister Smt. Nirmala Sitharaman has said that Karnataka has emerged as a major job generator in the country. The Minister said, the State which accounts for just five per cent of national population creates 10 per cent of formal jobs, contributing 8.8 per cent to the GDP of the country.
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Addressing the Global Investors' Meet "Invest Karnataka 2022" in Bengaluru today, the Finance Minister said that Karnataka would be the essential foundation for investors in coming years. Smt. Nirmala Sitharaman lauded the industry-friendly policy initiatives of Karnataka, adding that industries want stability and transparency in policies.
Referring to uncertainties and crises cropping up in different parts across the globe as major deterrent to industrial growth, the Finance Minister assured that industries in India would be carefully navigated through challenges with proper firewalling.
Earlier, the Prime Minister Narendra Modi virtually inaugurated the three-day Global Investor's Meet being held at the Bangalore Palace in Bengaluru. The summit
is aimed at attracting prospective investors and setting up development agenda for the next decade. The programme will have more than 80 speaker sessions. Top industry leaders including Kumar Mangalam Birla, Sajjan Jindal, Vikram Kirloskar are participating.
The Karnataka Governor Shri Thaawat Chand Gehlot, Chief Minister Basavaraj S. Bommai, Union Ministers Shri Piyush Goyal, Shri Prahlad Joshi, Shri Rajeev Chandrasekhar, Karnataka Minister for Large & Medium Scale Industries Dr. Murugesh Nirani and the State Ministers Shri N. Nagaraj and Dr. C N Ashwath Narayana were among those present.
A number of business exhibitions with more than three hundred exhibitors and country sessions will run parallelly. The country sessions would be hosted by partner countries like France, Germany, Netherlands, South Korea, Japan, and Australia. The global scale of the event will give Karnataka an opportunity to showcase its culture to the world. "Build for the World" is the theme of the Meet.
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(Release ID: 1873270)
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