Companies assure big deals as Karnataka looks beyond Bangalore for growth | business | Hindustan Times
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Companies assure big deals as Karnataka looks beyond Bangalore for growth

business Updated: Jun 08, 2012 22:41 IST
PTI
Global Investors Meet

The Karnataka government on Friday said that the tourism sector has attracted Rs. 35,000 crore worth of investment in the ongoing Global Investors Meet.

Addressing a session organised as part of GIM 2012, Latha Krishna Rau, principal secretary, tourism department, said that a lot of investors were showing keen interest in investing at Hampi, a UNESCO World Heritage Centre.

"Hyatt Hotels and Resorts is setting up a five-star hotel at Hampi. Orange County, Somateeram and Windflower are setting up resorts around heritage spots like Pattadakal, Aihole, Belur, Bijapur, Jog, Mysore and Anekal," she said at the concluding day of the two-day summit.

The government had said on Thursday that it had attracted a commitment for investment to the tune of Rs. 5,00,000 crore in 14 different sectors.

Major investment decisions, including Rs. 30,000 crore from Tata Steel, Rs. 7,000 crore from Aditya Birla Group and Rs. 350 crore from GE India, were announced on the first day of the two-day meet.

Karnataka government officials had earlier said that the state aims to sign deals envisaging an investment of Rs. 6 lakh crore during the meet.

The government had signed 389 MoUs with (envisaged) investments amounting to Rs. 3.9 lakh crore in GIM 2010.