Investors' meet in Bangalore

A meeting of industrialists and investors will be held in Bangalore next month as part of the golden jubilee celebrations of the state's formation to showcase Karnataka's potential in various sectors.

Karnataka's industry minister Katta Subrahmanya Naidu told reporters here on Monday that the meeting will be modelled on the lines of the Global Investors' Meet held by the erstwhile JH Patel government.

"The meet will attract investors. At the same time, we intend to felicitate outstanding business leaders from the state," he added.

In an effort to promote investments and industrial growth in North Karnataka, the state has planned to set up multi-product special economic zones (SEZs) in Hubli and Belgaum.

"Many industries have expressed interest in establishing their units at the two SEZs. I will visit both the cities on October 14 for preliminary discussion with the representatives of the companies," Naidu said.

He claimed that Biocon, Ashok Leyland and Gokuldas Garments have evinced interest in investing in the proposed SEZ at Shimoga.

"A meeting of the representatives these companies will be held on October 28 to take up their proposals," the minister stated.