Global Investors Meet – Invest in Karnataka 2022 – Promises of Investments vs Realization
Muslim Industrialists Association (MIA) President’s Quick Analysis on Global Investors Meet 2022
BANGALORE: The 3-day Global Investors Meet – Invest in Karnataka 2022 was recently organized by the Government of Karnataka in which many large corporates and investors from across the country participated and promised to invest lakhs of crores of rupees in various fields in the state, several corporates also signed Memorandum of Agreements about investments.
In this regard, Afsar Pasha, President of Muslim Industrialists Association-MIA highlighted the objectives of such investor meetings and their implementation at the ground level.
Afsar Pasha said that usually the purpose of holding this type of investment meetings is to bring business to the state, which not only increases the economy but also employment opportunities.
Afsar Pasha said that usually investors or corporates participate in investor meetings organized by state governments in several states and make promises of investment there, but due to various reasons they do not follow through on these promises. Afsar Pasha expressed his opinion saying usually only about 50 percent of memorandum of agreements are implemented at the ground level.
Afsar Pasha said that in this Global Investors Meet. No special attention has been given to E (MSME Sector – Micro, Small & Medium Enterprises S. M. which is a very important subject.
It should be noted that during the tenure of BJP in Karnataka, Investors’ Meets of the same type were organized in 2010 and 2020, but no blueprint has been issued by these governments in this regard. How many companies or corporates have invested and how many employments or employment opportunities have been created.
It should be noted that the said Global Investors Meet was inaugurated virtually by Prime Minister Narendra Modi. In the valedictory session of the 3-day Investors’ Meet, Chief Minister Baswaraj Bomai announced that there was talk of investing about 10 lakh crore rupees and at the same time he expressed his apprehension that the Memorandum of Agreements that were signed will be implemented. Values are enforced at the ground level and these MoUs are not binding.
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Global Investors Meet – Invest in Karnataka 2022
Afsar Pasha, President Malam Industrialists Association Karnataka
Muslim Industrialists Association-MIA
