INVESTMENT OPPORTUNITIES
Karnataka today offers a fantastic opportunity in areas of IT
& software, automobiles (Bidadi, 33 kms from Bangalore
has the Toyota plant and Narsapur on NH 4, towards Kolar has the
Volvo plant), light engineering industries,
garments, floriculture, tissue culture (Indo American
Hybrid Seeds), agro-exports like gerkins, flowers, grapes
(Grover wines at Rajankunte) and other related fields.
Karnataka has now become a much sought after industrial destination.
The services provided to investors are of course in keeping with
the fact that this state is extremely investor friendly.
Specific agencies have been developed by the government to attract
investors and to provide them with the necessary help and guidance.
One such agency is the Karnataka Udyog Mitra (KUM) which
is a single window agency for all clearances under one roof. Providing
guidance and escort services, this agency functions as a friend
and mentor for those interested in investing in Karnataka.
Since the state has adopted the policy of inviting global investments
in various fields; incentives, concessions and finance schemes have
been mobilised in order to facilitate growth and investment. Considering
its potential, existing infrastructure and world-class standards,
this state of ours is certainly an investor's paradise.
BANKING SECTOR
This sector is one of the show pieces of the country, what with some
of the reputed banks having their HQs in Karnataka. Corporation
Bank, Canara Bank, Vysya Bank, Syndicate Bank, Vijaya Bank, Karnataka
Bank, State Bank of Mysore to name
a few.
EXPORTS
Silk is one of the prime export commodities from Karnataka
with the silk exchange located here. Other items include
granite & minerals, software, electronic goods, handicrafts
& manpower.
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