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Bommai assures state govt working to make K'taka top investment destination

Bommai said the government is quietly working on various sectors which can attract investors in a big way. The sectors include IT, electronics, semiconductors, and electric vehicles.

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Karnataka | Investments

ANI 

Basavaraj Bommai, Karnataka CM
Karnataka Chief Minister Basavaraj Bommai | File photo

Chief Minister Basavaraj Bommai said the state government will ensure that the state becomes the top destination for the foreign and investors.

On Saturday, the Chief Minister spoke to ANI after he participated in a programme where the international automobile giant Toyota signed an agreement to invest Rs 4800 crore in the state.

Bommai said the government is quietly working on various sectors which can attract investors in a big way. The sectors include IT, electronics, semiconductors, and electric vehicles. ''We will encourage in these sectors with our attractive offers,'' he said.

The Chief Minister mentioned that last week a mega agreement was signed with a semiconductor company and now an agreement has been signed with Toyota.

"We will soon have an agreement for electric vehicles and will be a hub for electric vehicle manufacturers,'' he noted.

The state is seeking investment in key technology areas. ''A company like Toyota coming forward to invest in shows that the state is investor-friendly. This is a message to the entire world,'' he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sun, May 08 2022. 10:35 IST
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