The Global Investors Meet (GIM) was held in Bangalore, Karnataka for 2 days on June 4 and June 5, 2010. The mega event started off with a grand start, fuelling hopes of an economic revival not just for Karnataka but for the entire nation.
At the end of GIM, the state signed 358 MoUs. The steel sector invested Rs 221,244 crore, cement industry Rs 36,991 core, and the power sector Rs 25,214 crore.
Memorandum of Understanding (MoU) Signed
| Company | Proposed Investment (in crores) | Investing In |
| Arcelor Mittal | Rs 30,000 | 6 million TPA Integrated steel plant and 750 MW power generation. |
| Brahmani Industries Karnataka | Rs 36,000 | 6 MTPA integrated steel plant with captive power plant in Bellary. In Phase 1, 1.9 million TPA with a captive power plant of 68 MW capacity. |
| Bhushan Steel | Rs 27,928 | 6 MTPA integrated steel plant with 600 MW co-gen project. |
| BEML | Rs 316 | Manufatcture of aircraft components/assemblies and MRO activities related to aerospace applications at aerospace SEZ. |
| City View Bangalore Properties | Rs 971 | Hotel, office space and serviced apartments. |
| Dynamatic Technologies | Rs 465.80 | Manufacture of aerospace components. |
| Hazira Steel | Rs 17,760 | Carbon steel products 6 MTPA capacity in Bagalkot. |
| HAL | Rs 2,095 | Establish a financial city. |
| Software development centre and employees’ residential facility. | Rs 997 | Manufacture of aircraft components/assemblies and MRO activities related to aerospace applications at aerospace SEZ. |
| Infosys Technologies | Rs 2,250 | 2 Software development centres in Bangalore |
| Jindal Saw | Rs 130.88 | Steel pipes and coating plant. |
| JSW Steel | Rs 15,131.70 | Fluorescent tube lights, CFL, GLS lamps, PCB & LED lamps. |
| Manufacture of TPE 331 engine and engine components, ring rolling, fan cases, welded structural assemblies, maintenance, repair and overhaul of civil aircraft/engines and manufacture of helicopters. Investments will be in Bangalore. | Rs 234 | Fabricated structural products of iron and steel (except rolling shutters) |
| Kalyani Steels | Rs 148.71 | Low ash metallurgical coke and power plant |
| Lafarge India | Rs 1,500 | 3 MTPA cement plant and 43 MW coal-based thermal power plant. |
| MRPL | Rs 15,798 | Enhancing oil refinery from 9.69 MMTPA to 15 MMTPA. |
| Narayana Hrudayalaya | Rs 990 | 5,000-bed super speciality hospital, star category hotel and serviced apartments in Bangalore. |
| Nestle India | Rs 349.23 | Instant noodles, mixed condiments and seasonings. |
| Nandan Bio Matrix | Rs 96 | To enhance the installed capacity of the steel plant at Bellary from 10 million tonnes to 16 million tonnes in Bellary. |
| Posco | Rs 30,000 | 6 million tonne steel plant in Bagalkot. |
| Premium Farm Fresh Produce | Rs 208 | Private wholesale market for fruits and vegetables. |
| Rajashree Cements | Rs 3,000 | Ready-made garments for export. |
| Shree Renuka Infra Projects | Rs 5,500 | 1,100 MW thermal power plant in Belgaum. |
| Surya Roshini | Rs 52 | Bio investment eco-industrial zone. |
| Scotts Garments & Bombay Rayon Fashions | Rs 682.67 | Software development centre and employees’ residential facility. |
| Shahi Exports | Rs 533.18 | Weaving, textiles and readymade garments. |
| Shell Technology India | Rs 1,376 | Technology centre for oil & gas related activities. |
| Trishul Developers | Rs 119.31 | 5-star hotel, office space & serviced apartments. |
| Tokai Rubber Auto Parts | Rs 63 | Manufacture rubber products/automobile ancillary components. |
| UB Group | Rs 45 | Manufacture beer. |
| Vishwaraj Infrastructure Pvt Ltd | Rs 4,100 | Enhance the production capacity of the cement plant from 4.20 million TPA to 8.45 million TPA and the captive power plant from 58.5 MW to 188.5 MW. |
| Enhance the production capacity of the cement plant from 4.20 million TPA to 8.45 million TPA and captive power plant from 58.5 MW to 188.5 MW. | Rs 537 | 1,000 MW gas-based power plant and development of composite industries. |
Also see
- Global Investors Meet 2010, Bangalore
- Sector Wise breakup of MoUs signed
- Highlights of few MoUs
- What leaders had to say during GIM