Bengaluru, Mar 4 (IANS) Karnataka Deputy Chief Minister D.K. Shivakumar on Monday inaugurated the 54th WTCA Global Business Forum organised by the World Trade Centers Association (WTCA) headquartered in New York, and the Bengaluru World Trade Center, a licensed member of the WTCA.
The WTCA Global Business Forum is being hosted for the first time in Karnataka and only for the second time in India. Delegates from over 30 countries are participating in the event.
Addressing the delegates, Large and Medium Industries Minister M.B. Patil said that Karnataka aims to become a $1 trillion economy by 2032 by growing at a sustained growth rate of 18 per cent.
In the last five years, per capita income in the state has increased by 62 per cent and with the huge potential for growth and untapped markets, it will continue to provide opportunities to all, Patil said.
Karnataka is also partnering with technology companies to leverage Industry 4.0 technologies, he said, adding that the state will drive automation and develop AI-powered subscription products or services.
“Our industrial policy for the period 2020-25 provides multiple financial incentives to create favourable economics for the investors. We will soon bring in a new clean mobility policy that aims to position Karnataka as the premier destination for electric vehicle (EV) manufacturing,” Patil said.
Addressing the gathering, Deputy CM Shivakumar said, “With the recent change in geopolitical dynamics, India is at an advantage, and it is an opportune time for us to capitalise this momentum; the state of Karnataka has always contributed to the nation’s vision, and we will continue to do so.”
“Each one of us have worked together to create a cosmopolitan city. I invite you all to join us in this journey, to explore the possibilities and potentials that Bengaluru has to offer, to collaborate and co-create with us, and to celebrate and cherish the spirit and essence of Bengaluru,” Shivakumar said.
–IANS
mka/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
