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Kumaraswamy woos Oman investors

Written by: Staff
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Dubai, June 13 (UNI) Karnataka Chief Minister H D Kumaraswamy and the accompanying delegation wooed investments from Indian expatriates in Oman and said that there are several projects that are being launched on the public-private-partnership (PPP) model. Mr Kumaraswamy explained the excellent investment atmosphere in the state, including better law and order situation and development work on infrastructure while chairperson and managing director of Karnataka State Investment and Industrial Development Corporation Shobha Nambeesan made a presentation on investment potential.

She said software exports in Karnataka touched 8.2 billion dollars during 2005-06 representing roughly 40 per cent of the total Indian exports while product exports amounted to 6.3 billion dollars representing about 14.5 per cent of the Indian total.

She said the state attracted 16.27 billion dollars in new investment during the year.

High-quality sector-specific functional infrastructure is envisaged in the special economic zone in Hassan.

The government has also launched coastal and Information Technology (IT) special economic zones in Mangalore, food-processing parks, apparel parks, six textile parks, industrial clusters for foundry in Belgaum and clusters for machine tools in Bangalore. The state cabinet of Karnataka recently approved a proposal to set up a Biotech Park at a cost of Rs 103 crore.

UNI XC DKS KN1630

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