Coimbatore: Karnataka Chief Minister Siddaramaiah has taken up the mission of promoting the business opportunities of the state's border district Chamarajanagar and has invited entrepreneurs from Tamil Nadu to invest in the district.
The roadshow led by Siddaramaiah in Coimbatore has resulted in as many as 200 investors signing memorandums of Understanding (MoUs) for a total investment proposal of over Rs 12,000 crore, Daijiworld reports.
Addressing a meeting of about 500 industry leaders and entrepreneurs, Siddaramaiah said, “I invite you all to explore the diverse opportunities Chamarajanagar offers and benefit from incentives being provided to invest in the border district." Highlighting the World Economic Forum's survey that rated Karnataka among the top four innovation bubs in the world and the Massachussetts Institute of Technology's (MIT) ranking of Bangalore among the eighth largest technology innovation clusters, he said the state provide ample opportunities in the textiles, food processing, solar power, automobile and mining sectors.
The natural resources, forests and environment in Chamarajanagar offers tremendous investment opportunities in the tourism and hospitality sector besides other fields, the chief minister said. He also said the Karnataka Global Investors Meet will be organized in October 2014.