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Home » Government » Global Investors Meet » Sector Wise MoU signed during Global Investors Meet 2010, Bangalore

Sector Wise MoU signed during Global Investors Meet 2010, Bangalore

June 11, 2010 by Raggi Mudde

The Global Investors Meet (GIM) was held in Bangalore Karnataka for 2 days on June 4 and June 5, 2010. During the meet 361 MoUs [memorandum of understandings] were signed which were valued approximately Rs 450,000 crore. If all investments come as promised, Karnataka will be able to create 850,00 new jobs in sectors ranging from steel, cement, auto, energy and information technology.

Pessimism does exist amongst citizens how many of these will turn to real projects. MoUs can after all just be on paper. The only way to make it real is for the govt to ensure speedy approvals for all MoUs but at the same time they should scrutinize every MoU, they should not approve just for the sake of approving.

Sector Wise Break of MoU signed during GIM-2010

 

Sector No of Projects Investment (In Rs Crores)
Aerospace 8 Rs 951
Automobile 4 Rs 170
Cement 12 Rs 41,196
Drugs/Chemicals 15 Rs 5,722
Distilleries/Breweries 3 Rs 171
Electronics/Telecommunications 4 Rs 170
Engineering 16 Rs 514
Food Processing 30 Rs 2,049
Hotel/Tourism 26 Rs 2,695
Health 14 Rs 1,467
Iron/Steel 52 Rs 2,43,416
Infrastructure Development 19 Rs 2,942
Others 38 Rs 44,152
Power 38 Rs 44,152
Proposals receive during GIM 58 Rs 82,114
Plastic/Rubber 2 Rs 78
Petroleum process 7 Rs 18,513
Software/Hardware 50 Rs 16,489
Sugar 11 Rs 3,445
Textile 6 Rs 1,548
Total 413 Rs 4,73,382

Also see

  • Global Investors Meet 2010, Bangalore
  • MoUs signed during GIM
  • Highlights of few MoUs
  • What leaders had to say during GIM

Filed Under: Global Investors Meet Tagged With: Arcelor Mittal , Global Investors Bangalore, Lakshmi Niwas Mittal, mou signed gim

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