(Bangalore), January 24, 2019
Shri R.V. Deshpande, Hon’ble Minister for Revenue, Government of Karnataka
Shri K. J. George, Hon’ble Minister for Large & Medium Scale Industries,Government of Karnataka
Mr. Vikram Kirloskar, Vice President - CII
Mr. Ram Venkataramani, President -ACMA
Mr. Jamshyd N. Godrej
Mr. Indradev Babu
Members of the Media
Ladies and Gentlemen
I welcome you all to Karnataka.
1. It is really a great pleasure for me to be here once again to commemorate 50 years of IMTEX. I would like to begin by recollecting that when IMTEX moved to Bengaluru for the first time in 2007 and I had the privilege of inaugurating the show and also opening the exhibition centre - BIEC.
2. Government of Karnataka is striving hard to make the State an industrial friendly one, and its many initiatives have proved to be fruitful with industrial investments flowing into the State. The contribution of IMTEX, in this regard, is noteworthy.
3. Karnataka is a pioneering State in the field of Industrial development since a very long time. The progressive thinking of the Government of Karnataka has resulted in formulation of industrial policy (2014 - 2019) with an aim to grow at an annual growth rate of 12% and attract investments worth Rs.5 lakh Crores providing employment to around 15 lakh people. I feel very proud to say that Karnataka has been ranked among India’s top three States for highest employment generation.
4. Spreading Industrial growth and contributing considerably to the GDP which were the aspiration of this policy has also been fructified.
5. The Government of Karnataka has indentified nine districts to establish industrial clusters to foster innovations and product diversification. This apart, each cluster also has plans to host manufacturing and assembling facilities.
6. Karnataka has always been an industry friendly State and will continue to be so in future. Our government has been striving to make Karnataka an investment destination. The government has begun the process of identifying large acres of farmland in rural areas to set up industrial units.
7. “Compete With China” is our Government’s new initiative aims to pave the way for large scale industrial investment which will create lakhs of jobs. We have already identified Bidar, Kalaburagi, Hassan, Koppal, Ballari, Chitradurga, Tumkuru, Chikkaballapura and Mysuru districts for setting up of industrial clusters.
8. We intend to expand our industrial development network of our state and intend to tap the large talent pool available in the tier-2 and tier-3 cities.
9. Steering the project in the right direction, nine sectoral vision groups headed by industry leaders have been set up in the respective sectors to give suggestion and oversee implementation.
10. The State is a home for major automotive industries . The state is the biotech capital of India with dedicated biotechnology parks. We are proud to have global IT brands stationed here in Bengaluru.
11. Historically the city has been one of the manufacturing hubs in the country. The presence of HMT (Hindustan Machine Tools), HAL, NAL, etc. in Bengaluru created an atmosphere for development of original equipment manufacturers.
12. It has made its mark as the Silicon Valley of India due to its IT industry and later on for bio-technology. Adding a feather in its cap, the State has also given impetus to industries in nano-technology, science and technology, start-ups, etc.
13. The State’s Capital - Bengaluru is recognized as a global hub for scientific research and innovation. ISRO has been extremely active. The city was in news for making several components of BrahMos supersonic cruise missile.
14. The State has attracted considerable investments in manufacturing industry. As part of ushering in the ease of doing business Karnataka has initiated a host of new programs and its its Tech Summit organized annually, has helped in speeding up of industry led growth in the state.
15. One such initiative for the machine tool industry is the establishment of Integrated Infrastructure Facilities for machine tool industry with the basic objective of making the machine tool sector more competitive by providing an ecosystem for production.
16. The proposed Tumakuru Machine Tool Park (TMTP) at Vasantha Narasapura Industrial Area in Tumkur district is a joint initiative between the Government of India and the Government of Karnataka and is being set up in an area of 500 acres.
17. Technology engagement is the bed rock for investments and Karnataka has been the first choice when it comes to investing in robotics, 3D printing, artificial intelligence, and so on.
18. We are also expanding the Kempegowda International Airport which will enhance the connectivity. The second phase of expansion is underway with the construction of a second runway and passenger terminal.
19. I am happy to state that Karnataka is the first state in India which has announced an aerospace policy. The Karnataka Aerospace Policy has identified an investment potential of $12.5 billion in this sector during 2013 - 2023 and plans to develop aerospace clusters in various regions in the state.
20. I am happy to note that the global machine tool industry has been enthusiastic in coming forward to participate in this IMTEX. I have been told that representatives from some of the best companies globally are here. We assure you of all cooperation from the state government to help you to establish your industries here.
21. The Government of Karnataka’s primary zeal is to get inclusive, equitable and sustainable growth for all and IMTEX provides a great opportunity.
22. To conclude, I once again extend my heart-felt welcome to everyone gathered here. I wish you a great participation and a pleasant stay in Bengaluru.