Karnataka ropes in investments worth £13.3 billion

Bengaluru: Karnataka has roped in £13.3 billion worth of investments at the fourth edition of its global investors meet, according to a state minister. “We have signed 121 agreements and expression of interest to the tune of £13.3 billion at the GIM,” said Industries Minister R V Deshpande, at the valedictory function on the second day of the three-day mega event. The state government was able to secure investment worth £17.5 billion during the last three years and this years figures were not up to the expected level. The investments were in the state's focus sectors; manufacturing, pharma, bio-technology, IT, agri-business, urban infrastructure, infrastructure and tourism. “Investments will be made across the state, including Bellari, Dakshina Kannada, Ramanagaram and Daksina Kannada,” Deshpande said.