How Karnataka is making a strong pitch for investments

Bengaluru, Dec 7: Karnataka's Large and Medium Industries and Tourism minister, R V Deshpande has made a strong pitch to ensure that investments into the state from the United States of America goes up.

Deshpande made an impressive pitch assuring the investors that there was ease of doing business in Karnataka and steps are being initiated to decongest Bengaluru, a concern that has been voiced by many.

Bengaluru will be decongested

While releasing India's Attractiveness Survey 2015 in New York, Deshpande said that all steps are being taken to move industries to tier 2 and 3 cities and this in turn would decongest Bengaluru.

Quoting the report he said that 32 per cent of the respondents said for the next three years India is the most attractive place for investments and it has already emerged as the number one FDI destination with capital inflows of $30.8 billion in 2014.

He also said that programmes such as Make in India and Digital India have had a positive impact and there is a lot of optimism among the investors.

He also said that 62 per cent are interested in expanding or entering India over the next one year. He also quoted the report stating that there are steps to be taken to further boost the economy.

The steps to be taken are easing the complex tax regulations, improving ease of business environment and implementing policies such as GST.

OneIndia News