As a part of the worldwide roadshow for ‘Make investments Karnataka 2025’ drive, a high-level delegation led by Minister M B Patil has visited Germany to advertise the state as a premier funding vacation spot, officers mentioned on Saturday.
The go to was aimed toward strengthening Karnataka’s worldwide financial ties and attracting international investments throughout key sectors, they mentioned.
A press release shared by the Minister’s workplace mentioned that the delegation visited a producing facility of Index-Werke, a worldwide chief in CNC (Computerised Numerical Management) machining. The corporate supplied an in depth overview of its operations and showcased flagship merchandise, together with a 64-axis CNC machine.
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Highlighting Karnataka’s robust machine device ecosystem, which instructions a 52 per cent market share in India, Patil has urged Index-Werke to ascertain a producing facility within the state.
The Minister for Giant and Medium Industries additionally emphasised the alternatives provided by Karnataka’s Tumakuru Machine Software Park (TMTP) and prolonged an invite to Index-Werke to take part within the upcoming “Make investments Karnataka 2025 International Traders Meet”.
Throughout a gathering with Bosch, the delegation underscored the numerous presence of Bosch in Bengaluru and invited them to additional increase its manufacturing operations in Karnataka and inspired their participation in Make investments Karnataka 2025 to discover new avenues for collaboration, it said.
In accordance with the assertion, the delegation additionally engaged with IHK Stuttgart, one in every of Germany’s most outstanding chambers of commerce, representing over 1,60,000 companies.
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Discussions centred round Karnataka’s strengths as a worldwide funding hub and alternatives for member firms of IHK Stuttgart to arrange operations within the state.
“Patil requested IHK Stuttgart to disseminate details about Karnataka’s funding ecosystem and prolong an invite to its members to attend the Make investments Karnataka 2025,” it said.
“The Germany roadshow efficiently positioned Karnataka as a beautiful funding vacation spot, showcasing its strong infrastructure, innovation-driven initiatives, and investor-friendly insurance policies,” it added.