New Delhi: Today, Prime Minister Narendra Modi will start video conferencing to address the opening ceremony of "Invest Karnataka 2022," the state's Global Investors Meet. The event is scheduled to start at 10:30 AM today.

The meeting's objectives are to draw potential investors and establish a development schedule for the following ten years. More than 80 speaker sessions will take place across the three days of the conference, which Bangalore will host from November 2-4.

Some of the leading figures in the industry, like Vikram Kirloskar, Sajjan Jindal, and Kumar Mangalam Birla, are among the speakers. A formal statement from the PMO stated that in addition to this, other business shows with more than 300 exhibitors and nation sessions will occur concurrently.

The partner nations of France, Germany, the Netherlands, South Korea, Japan, and Australia will each host a country session, bringing high-level ministerial and business delegations from their respective nations, according to the announcement.

According to the announcement, Karnataka will have an opportunity to showcase its culture to the world as well, the statement read. After reviewing the plans for the three-day event at Palace Ground in Bangalore on Tuesday, the chief minister of Karnataka Bommai told reporters that "Invest Karnataka" would attract the attention of the entire world.

He claimed that because Karnataka has a rich environment, international investments are pouring into the state. This will lay a solid basis for Karnataka's growth during the following five years. All technocrats, young engineers, IT/BT experts, startups, educational institutions, as well as international and domestic investors are welcome in Bangalore for this very important meetup "We anticipate investments totaling more than Rs 5 lakh crore, and the State High-Level Committee has already approved investments totaling more than Rs 2.8 lakh crore. This is our promise to our investors, and tomorrow the certificate of investment will be given out. In the coming days, we will issue all the necessary clearances and sign a contract with new investors. The meeting tomorrow will show how far the state of Karnataka has come in the industrial sector "added the chief minister.

Bommai stated that new industries are developing in Ramanagar, Hubballi-Dharwad, Ballari, Kalaburagi, and Mysuru, and that the majority of investors have expressed interest in making investments outside of Bangalore.
"We anticipate investments worth more than Rs 5 lakh crore, and the State High-Level Committee has already granted its approval for investments worth more than Rs 2.8 lakh crore. This is our promise to our investors, and tomorrow the certificate of investment will be given out. In the coming days, we will issue all the necessary clearances and sign a contract with new investors. The meeting tomorrow will show how far the state of Karnataka has come in the industrial sector "CM stated.

The FMCG Cluster, which will be built near Dharwad, was inaugurated last week in Hubballi and is anticipated to require an investment of Rs 10,000 crore. More than a lakh people will have jobs thanks to it. The districts of Kalaburagi, Vijayapura, and Raichur will get textile parks; Yadgir will have a pharmaceutical park; Mysuru will get an electronic park; and Tumkur will get a defence manufacturing facility.