A delegation to the World Economic Forum (WEF) led by Karnataka chief minister B.S.Yediyurappa on Wednesday said it has received positive responses from large corporations to invest in the southern state.
Yediyurappa, who has been camping at the ski resort in Davos, at the ongoing WEF, said corporations evincing interest include Dassault Systemes, steel maker ArcelorMittal, Bharat Forge, Lockheed Martin, Lulu group and Novo Nordisk, among others. Some of these companies already have presence in Bengaluru and are expected to take up fresh investments, according to a statement by the state government on Wednesday.
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Though Karnataka has been one of the preferred investment destinations, hurdles in land clearances, delays in approvals and providing basic infrastructure has been a big let-down for investors looking at the southern state that has one of the largest information technology and startup ecosystems and a large base for aviation and biotechnology, producing a large number of skilled labour.
Source: livemint
