Yediyurappa to announce new industry policy soon

Bangalore, May 1: A new industry policy, incorporating various details, including providing infrastructural facilities, will be announced within a week, Karnataka Deputy Chief Minister B S Yediyurappa announced today.

Speaking to newspersons after returning from a tour of Germany, where he had participated in the Hannover Fair, he said that during the tour he had called on heads of various leading companies such as Audi and Eurocopter. The Chief Executive Officers of these companies had evinced keen interest in India in general and Bangalore in particular, he added.

He said the meetings at Munich culminated in a high-level summit with Bavarian Economy and External Affairs Minister Sinner and his officials.

The Deputy Chief Minister informed that he had invited Mr Sinner to Karnataka and sign a Memorandum of Understanding with the two most progressive regimes within the respective countries.

To a question, he said the meetings were highly successful and would lead to substantial investments in the weeks to come. The response was overwhelming and companies had assured to expand their operations and invest in new projects soon, he added.

UNI