ITIR - Gaining Momentum

Ravi_D - 16-JUL-2010

GOK passed the ITIR Act 2010 on Thursday, becoming the first state to do so. Per this DH Report:

The ITIR Act, 2010 will enable the state to attract a whopping Rs.2 trillion (Rs.2 lakh crore) global investments in the knowledge sector, boost exports and create 3 million jobs in a decade

GIM - Beyond Bangalore, Business World

silkboard - 12-JUL-2010

Read some coverage of GIM in BusinessWorld, (Beyond Bangalore). Must say that beyond Bangalore is a nice topic for the article, here are some intereasting bits:

... projects, if they all take off, will see Rs 4 lakh crore being invested ... Almost 65 per cent of these projects are in the iron and steel sector ... in Bellary.

The stat that Karnataka needs to change is this ...

Karnataka ... single-city economy. Bengaluru ... accounts for over 55-60 per cent of the state’s GDP, according to Aroon Raman, chairman of CII-Karnataka.

An interesting angle on iron ore controversy. Will illegal activity go away, be legalized now!?

Where are those GIM projects?

silkboard - 4-JUL-2010

After all the tamasha, a global meet attended mostly by Indians, and those concerns looming around equitable use of natural resources and land acquisition, it is all the more important for state government to share as much follow up information on GIM announcements as possible. But the GIM website as gone cold (no updates after June 4!) and as always, we are at the mercy of our journalist friends to know more.

Business Standard covered GIM last week, twice. First time on June 21, Karnataka clears 69 new investment proposals. Exceprts:

SHLCC .... cleared 69 new industrial investment proposals worth Rs 87,494 crore. This was the first meeting of SHLCC after the recently concluded global investors’ meet (GIM).

Wonder where to find minutes of SHLCC meetings

Tracking page for GIM

admin123 - 7-JUN-2010

Going by the hype around it, and looking at sharp opinions within the activist community, fallouts of Global Investment Meet (aka GIM) need close tracking. Whether GIM will bring inclusive growth, or create more controversies around corporate greed and disrespect for natural resources depends on how much interest we take in monitoring the specific proposals and demanding transparency.

To make it easy for readers and contributors on this website, we have created a special tracking page for GIM:

A blessing or a curse?

psaram42 - 4-JUN-2010

 The Global Investors Meet (GIM) which concluded on Friday the 4^th June 2010, has thrown up a new monitory scale of lakh crore. With the all too common inflation this is no surprise. It can expand to infinity. The Tata nano has started its production line, when there is no parking space in metros like New Delhi, Bangalore etc.  Unfortunately the space on the planet earth is limited however much we wish it is not true.

Real Facts about GIM

vinay_sreenivasa - 2-JUN-2010

OPPOSE AUCTION OF KARNATAKA

Demand People Friendly & Environment Friendly Development

The Chief Minister of Karnataka has announced that the 2 day Global Investors Meet in Bangalore will bring 3 lakh crores of investment as well as around 3 lakh new jobs. The promise of 3 lakh jobs to be created by the GIM and the prosperity it will bring to Karnataka does not appear to be true. Read below to find out the real costs and real facts of the GIM.

False Promise of Investment and Job Creation

Global Investors Meet - Tier2 cities to get some love?

silkboard - 29-MAY-2010

A friend called from UK recently to tell me that he spotted an ad from Karnataka government about Global Investors Meet 2010 in a prominent daily there. Thats how serious GoK has been about marketing this event taking place next week.

Need - More of Tier 2

Bengaluru has had enough of love. Those Tier-2 cities need all the attention now. No, not talking Hoskote, Bidadi or Devenahalli, talk real tier2, far up central, and further north. More initiatives like Suvarna Karnataka Development Corridor (SKDC - click here) are it.