A one-day Mysore Region Business Development Summit tomorrow is hoping to attract massive investments to the Mysore region.
The summit expects to attract investments of Rs 6,000 crore and generate about 100,000 jobs in the region.
To be inaugurated by Chief Minister D V Sadananda Gowda, the summit aiming to showcase investment opportunities in the region, is being organised jointly by the Federation of Karnataka Chambers of Commerce & Industry (FKCCI) and its arm Mysore Chamber of Commerce & Industry, in association with the Karnataka government.
Among others, Large & Medium Scale Industries Minister Murugesh Nirani and Small Scale Industries Minister Narasimha Nayak (Raju Goud) will also participate.
A spate of MoUs are expected to be signed at the event. Already, 108 MoUs have been initiated for the summit, with the hopes of generating 23,000 direct jobs.
This will be followed by presentations on tourism with a special focus on Mysore zone, infrastructure connectivity, food processing and trade, and IT, BT and banking. A presentation on overview of industrial development and present issues will also be made to showcase the potential of investment opportunities in the region.
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While Mysore is witnessing better development in the zone, the rest of the districts are agri-based and need attention for industrial development, Bangera said.
The presentations will be made, according to the organisers, by Tourism Department Principal Secretary G Latha Krishna Rao, Infrastructure Development Secretary Rajkumar Khatri, Agriculture Department Additional Secretary Vasanth Kumar, Infosys Education & Research Senior Lead Principal K S Sundar and Industries Commissioner M Maheshwara Rao.
Besides investments, the summit will attract public-private partnership projects too, according to FKCCI President J R Bangera.
Highlighting the facilities available for investors, he said the Karnataka Industrial Area Development Board had 1,680 acres for industry purposes, while the immediate requirements for the projects for which MoU have been signed and listed for the summit was around 1,342 acres.
In view of the sky-rocketing land prices, the government had been asked to effect a policy change to make land available on a rent-cum-lease basis over five to 10 years to help investors.
A special thrust is on tourism as Mysore has abundant opportunities in the sector as it is a tourist-centric city by itself, apart from tourist potential the region had.
As the tourist inflow is rising year-on-year, opportunities were immense in tourism-related infrastructure development.
The organisers expect around 1,500 industrialists to part in the summit, of whom over 500 are new industrialists.