Minister in Tokyo promises support to Japanese companies

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Minister in Tokyo promises support to Japanese companies

Assuring the government would promote and extend support to Japanese companies investing in the Karnataka State'sMinister Murugesh Nirani who is in Tokyo, while promoting 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 headed by the Minister is visiting Tokyo to invite Japanese investors to participate in the Global Investors Meet GIM, which will take place from November 2 to 4 in Bengaluru. Nirani said the World Economic Forum meet in Davos, Switzerland, has succeeded in making India more competitive, as it has succeeded in drawing huge investments. 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. Many more companies have expressed their desire to invest in the State, he said. Karnataka and Japan have cordial industrial relations, Nirani said. Around 519.55 acres of land have been allocated and basic infrastructure provided in the district of Vasanthanarasapura. He said that he will encourage and extend all support to Japanese companies investing in Karnataka and that Karnataka is first in the list of countries that have attracted the most foreign direct investments. His State's share in the total foreign direct investment of the country is 38 per cent, he said.