‘Brand Bengaluru’ comes foremost to mind when it comes to talent or technology: PM

NT Correspondent

Bengaluru: The ‘Invest Karnataka 2022’ Global Investor meet got underway at the Palace Grounds in the city on Wednesday. It was inaugurated by Prime Minister Narendra Modi. Addressing the attendees’ PM Modi said, “In the global quest for Industry 4.0, India’s talent acts as an important determinant. Karnataka in particular is spearheading the efforts of digitizing India.”

Addressing the gathering, the Prime Minister greeted the people of Karnataka for their Rajyotsava, which was observed on Tuesday. The PM remarked that Karnataka is an amalgamation of tradition and technology, nature and culture, wonderful architecture and vibrant startups.

“Brand Bengaluru comes foremost to the mind when it comes to talent or technology. This name is well established not only in India but the entire world”, he said. He launched the PM Gati Shakti—National Masterplan for Multi-Modal Connectivity, which focuses on the development of stateof-the-art infrastructure through a multi-faceted approach to improve lastmile connectivity.

It will see 16 ministries come together to create and implement a coordinated infrastructure plan. The project is worth 1.2 trillion US dollars and aims to give Indian manufacturers a competitive advantage over China.

“The goal of investments must be to increase productivity and provide jobs. Karnataka has time and again, proved itself as a dynamic leader in these categories with the highest number of FDIs, Fortune 500 companies, and Unicorns in the country,” he added.

PM Modi further described Karnataka as a land that leads by example in the education sector - owing to the high number of businesses, business Universities, Technologies, Industrial Training Institutes, and Technical Universities.

“Investments in Karnataka are very important to keep the country safe. The state has become a major player in the aerospace and defense sector by attracting high-value investments from renowned manufacturers in the field,” said the PM noting that Rs. 2,918 crores had been allotted to the state.

The Invest Karnataka meet also had an exhibition that included Startups, MSMEs, banks, healthcare, agriculture, and food processing, and talks were held on how to strengthen relations between South Korea and the Netherlands and a performance by Grammy award winner Ricky Kej.