Dubai Roadshow

High Level Delegation led by Sri. R.V. Deshpande, Hon’ble Minister for large & Medium Industries and tourism, held at dubai on 25-10-2015

As a prelude to the Global Investors Meet “Invest Karnataka-2016” scheduled to be held from 3rd to 5th February, 2016, road show was conducted in Dubai on 25-10-2015 to showcase Karnataka as a preferred investment destination to the prospective investors in the United Arab Emirates (UAE) region.

The delegation was led by Sri. R.V. Deshpande, Hon’ble Minister for Large and Medium Industries and Tourism, Government of Karnataka, along with Sri. Kaushik Mukherjee, Chief Secretary to Government of Karnataka, Sri. Gaurav Gupta, Commissioner for Industrial Development, Govt. of Karnataka and senior officers of Department of Industries and Commerce, Karnataka.

Hon’ble Minister addressed the prospective investors and mentioned the investment opportunities in various sectors like manufacturing, aerospace & defence, infrastructure, tourism, health tourism, agro & food processing, energy, etc. He also mentioned that even before liberalisation Karnataka had presence of multi-national companies. Karnataka is rich in Human resource and youth population. 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. Out of 75 billion dollars investment assured by UAE during the visit of Hon’ble Prime Minister to Dubai, 25 billion dollars can be invested in Karnataka. Karnataka encourages investment through sector specific policies like Industrial Policy, Tourism Policy, Textile Policy, Infrastructure Policy, etc. The State is shortly coming out with Startup Policy and Agro-Food processing Policy. A Startup Council will be formed. He also emphasised the measures taken by the State Govt. 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.

Mr. Gaurav Gupta, IAS, 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 & Defence, Infrastructure, Textiles, Agro & Food Processing, Renewable Energy, etc. in the state. He mentioned that every effort would be made to materialise the investment proposals by providing time bound and quick approvals

Mr. Kaushik Mukherjee, IAS, Chief Secretary, responded to the questions raised by the participants and clarified the concerned raised by the participants in respect of Energy projects, Environmental clearance issues, tourism in coastal region, etc.

Dr. B. R. Shetty, Executive Vice Chairman & CEO, NMC Healthcare, UAE Exchange, Neopharma, expressed that Karnataka has tremendous potential for investments and he himself was in talks with the Govt. of Karnataka for investment in Tourism sector. He encouraged potential investors to invest in Karnataka.

Mr. T.P. Seetharam, H E 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.

B2G meetings were followed by CEO Round Table with members of the Indian Business and Professional Council (IBPC), UAE. More than 30 top CEOs attended the round table.

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