With three days to go for the second edition of the Global Investors Meet (GIM), the BJP Government in Karnataka on Monday scaled up the investment projections from Rs five lakh crore to Rs six lakh crore.
The government also announced a new special package for projects that involve investment of Rs 250 crore and above in Tier-II and Tier-III cities and said it wants to ensure at least one mega project in each district through GIM-II.
"When we started planning for GIM 2012, we had identified 14 focus sectors and set ourselves a target of attracting investments in excess of Rs five lakh crore. Now it is anticipated it might touch Rs six lakh crore and enable the state create 10 lakh jobs", Minister for Major Industries Murugesh Nirani said.
Principal Secretary to the Industries Department MN Vidyashankar said an aerospace project involving an investment of Rs 10,000 crore is likely to come up near the Bangalore International Airport.
Interacting with the media ahead of the GIM, Mr Nirani said the government has already received investment interest for 300 big projects till date, and confirmation from delegates from 30 countries.
"In the midst of economic recession, Karnataka's political instability and depreciation of Rupee, we expect Rs six lakh crore investment in this GIM", he said striking a confident note on the success of the second edition, which he is piloting in the state after the BJP government came to power.
Unlike the previous GIM, the government is not eying the mining sector to lure investments, he said.
During the First GIM in 2010,the BJP government attracted investment proposals of Rs 3.98 lakh crore and had achieved a 'hit rate' of 62 per cent, he said.