Vendor Development and Investors Summit in Bengaluru in November

ST Correspondent
Tuesday, 12 September 2017

Pune: The Government of Karnataka aims to leverage on the technology and manufacturing prowess to attain a position of leadership and excellence in manufacturing and overall industrial development through a Vendor Development and Investors Summit at Bengaluru on November 23 and 24. 

Pune: The Government of Karnataka aims to leverage on the technology and manufacturing prowess to attain a position of leadership and excellence in manufacturing and overall industrial development through a Vendor Development and Investors Summit at Bengaluru on November 23 and 24. 

The summit will act as a common platform for CPSUs, SPSUs, Mega and Large units in identifying vendors of their choice in terms of production capacity and quality standards. This meet will also help MSMEs understand the need of the Original Equipment Manufacturers (OEMs). In addition, this programme will also benefit MSMEs. More importantly, the summit will facilitate the participating companies in exploring the investment opportunities in Karnataka and firm up their new/expansion investment proposals with the State government. To promote the event among OEMs & MSMEs, Minister for Large and Medium Industries and Infrastructure Development RV Deshpande, along with a senior level official delegation, visited Pune recently. 

The delegation met with some of the key industries from Pune to invite them to participate in the event and to discuss their interest in expanding their business in Karnataka. The delegation had B2G meetings with 14 companies covering various sectors. The minister met Baba Kalyani, CMD, Bharat Forge Ltd, Shishir Joshipura, Managing Director, SKF India Ltd, Suhas Kadlaskar Director, Mercedes Benz; Sanjay Bohra, CFO, Force Motors Ltd, MS Unnikrishnan, Managing Director and CEO, Thermax Ltd, Nitin Chalke, Managing Director, Eaton Technologies Pvt Ltd, Shrikant Badre, Chairman, Badve Group, Gurpratap Boparai, CEO, Fiat India Automobiles Pvt Ltd besides others.

During the meetings, he discussed with the companies the support and facilitation provided by the Karnataka government for implementation of their projects in the state. The government had organised a road show and presented the manufacturing eco system of the state to the large audience present. Over 150 industry representatives and prospective investors participated in the road show.

In his address, Deshpande said, “While focusing on the growth, we are taking cautious steps to ensure that the development would not have adverse effects on the environment, people and the ecosystem,” said. 

He also outlined the potential for investments in various sectors in the state; viz., Aerospace & Defence Equipment Manufacturing, Automobiles, Auto components and Electric Vehicles manufacturing, Biotech, Pharmaceuticals and Medical Devices, Agriculture and Food Processing and Textile and Innovation and Start-ups among others, he said.

DV Prasad, IAS, Additional Chief Secretary to Government Of Karnataka, emphasised on the initiatives undertaken by the state to develop the ecosystem for the overall industrial development. Deepak Sood, CEO, Invest Karnataka Forum, made a detailed presentation during the roadshow on ‘Enabling Manufacturing Ecosystem of Karnataka’.

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