Japan to encourage, extend support to Karnataka companies

The government will encourage and extend support to Japanese companies investing in Karnataka State'Minister Murugesh Nirani who is in Tokyo, while pitching the State as an investment destination, said pacts on investments worth Rs 1 lakh crore have been signed in the last 3 -- 4 months. A delegation led by the Minister is visiting Tokyo to invite Japanese investors to participate in the Global Investors Meet GIM, which is scheduled from November 2 to 4 in Bengaluru. Nirani said that the World Economic Forum meet in Davos, Switzerland, has succeeded in making India more competitive and also highlighting Prime Minister Basavaraj Bommai's policies for Karnataka's progress. He said that agreements on investments worth 1 lakh crore have been signed in the last 3 -- 4 months by major companies in Karnataka under the able leadership of Chief Minister Basavaraj Bommai. He said that more companies have expressed their keenness to invest in the State. Karnataka and Japan have cordial industrial relations, Nirani said. Around 519.55 acres of land have been earmarked and basic infrastructure provided in the district of Vasanthanarasapura. He said that Karnataka is the first in the list of countries that have attracted the most foreign direct investments and that we will encourage and extend all support to Japanese companies investing in Karnataka. He said that our State's share in the total foreign direct investment of the country is 38 per cent.