16-Aug-2024 01:12 PM
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Bengaluru, Aug 16 (Reporter) Karnataka Chief Minister Siddaramaiah said the state has secured the third position nationally by attracting Rs 54,427 crore in foreign direct investment (FDI) during 2023-24, an official said on Friday.
Siddaramaiah, during his speech at Independence Day celebrations, highlighted that the state has signed Memorandums of Understanding (MoUs) with 13 industries, which are expected to bring in Rs 42,915 crore in investments and create around 22,600 jobs.
"The government has approved 591 investment projects through single window committees during the fiscal year 2023-24, which will lead to a total investment of ₹84,232 crore and generate employment for 1,56,986 people," Siddaramaiah stated.
Karnataka has also emerged as the top exporter in the country, with exports valued at USD 1,66,545 million, marking a 5.20% growth compared to the previous year, the chief minister said.
Looking ahead, the state is gearing up to host the Global Investors’ Meet - Invest Karnataka 2025 in February 2025. Preparations are in full swing, with roadshows being held across the country and internationally to attract both national and global investors, Siddaramaiah said...////...