Paris Roadshow

Mr. R.V. Deshpande, Hon’ble Minister for Large & Medium Industries and Tourism arrived at Paris along with a high level delegation to conduct the Invest Karnataka 2016 road show in France. During the 2-day visit, Mr. Deshpande is scheduled to interact with existing and potential investors, organized by MEDEF International and GIFAS with a special focus on manufacturing and aerospace sectors.

Interaction with members of MEDEF and GIFAS

“Government of Karnataka signs an Expression of Interest with M/s Reitzel”

Government of Karnataka signed an agreement with M/S Reitzel Group for expansion of the company’s existing Gherkin production plant at Kunigal, Tumakuru District in Karnataka, in the presence of Mr. RV Deshpande, Minister for Large & Medium Industries and Tourism at Paris this morning. Mr. Gaurav Gupta, Commissioner for Industrial Development and Director, Department of Industries and Commerce signed the agreement on behalf of the Government while Mr. Pierre B Darmon, Deputy CEO, Reitzel signed the same on behalf of Reitzel.
As per the EoI, the company will invest about 3 million Euros (about INR 20 Crores) and create about 50 new jobs to the already 200 existing jobs. Reitzel is a Paris based family owned company in the agri and food processing industry.
Addressing member companies of MEDEF and GIFAS at two separate events in Paris today, Mr. RV Deshpande, Minister for Large & Medium Industries highlighted the several steps initiated by Government of Karnataka to decongest Bengaluru and disperse industry to tier 2 and tier 3 cities. French companies have invested about US$ 4.5 Billion in FDI in India since the year 2000 which makes it the 9th largest FDI contributor to India. Karnataka is an important state for French companies as there are about 170 companies headquartered in the state. Mr. Deshpande is leading a high level delegation to USA and France as a precursor to Invest Karnataka 2016 Global Investors Meet scheduled at Bengaluru in February next year.

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