Karnataka shines at summit, signs MoUs of Rs. 50,100 cr.

In a major bid to attract industrial investments to Karnataka and send a strong signal to investors of the conducive atmosphere here, Karnataka has signed memorandums of understanding with several companies, including foreign entities, to the tune of Rs. 50,100 crore, at the Vibrant Gujarat Summit 2015.

High-level delegation

According to a statement received here on Monday, a high-level delegation, led by Additional Chief Secretary, Commerce and Industry, K. Ratna Prabha, and Commissioner for Industrial Development Gaurav Gupta, held successful meetings with potential investors from across the globe at the summit being held at Gandhinagar, and signed a slew of MoUs.

The investors showed an unprecedented interest in Karnataka across sectors.

Met foreign delegations

The official team met foreign delegations at the event, such as India China Council for Economic Cooperation, Singapore Business Federation, and a delegation from Israel.

Sectors in focus

The sectors in focus were Information Technology, education, tourism infrastructure, solar energy, aerospace, among others.