karnataka-news

Partnership summit in Bangalore Jan 27

Bangalore, Dec 23 : A three-day international partnership summit will be held here from Jan 27 to flag investment opportunities and offer ideas on how a new class of consumers can become a new dynamic for growth.


"We are inviting Prime Minister Manmohan Singh and Japanese Prime Minister Shinzo Abe to participate in the summit and address the stakeholders and policy thought-leaders," Karnataka Chief Minister Siddaramaiah told reporters here.

Organised jointly by the union commerce ministry's industrial policy and promotion department, the state government and Confederation of Indian Industry (CII), the 20th annual edition will also see Congress vice president Rahul Gandhi address the summit.

"The summit will be a platform to exchange ideas and evolve solutions to the challenges confronting the world," union Commerce and Industry Minister Anand Sharma said on the occasion.

The flagship event, being held in Bangalore for the first time, will be attended by India Inc, policy makers, ministers and top executives of Indian and multinational firms.

Notwithstanding the doom and gloom, India continues to remain an attractive investment destination globally as evident from $25 billion FDI inflow during the last three fiscal years.

"While the country's growth has slowed over the past year, it still remains as one of the most attractive destinations for business and offers ample opportunities for investment with availability of large manpower base, diversified natural resources, a parliamentary system of democracy and a strong and reliable judiciary system," the CII said in a statement here.

--IANS (Posted on 24-12-2013)

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