Addressing the state after unfurling the tri-colour and inspecting the guard of honour at the Field Marshal Manekshaw parade ground in the city centre, Shettar said that the state had the distinction of implementing many policies for the first time in the country in the knowledge sector, including semiconductor, animation and gaming.
"Karnataka tops in the country in the information technology (IT) and bio-technology (BT) sectors. The World Bank and the International Monetary Fund (IMF) have ranked Bangalore as the 16th city globally to attract investments," Shettar said.
Claiming that the second Global Investors' Meet in June was a huge success, the chief minister said that the state government had signed agreements for 712 projects with an investment potential of INR7.6 trillion (INR7.6 lakh crore).
"A separate web portal has been launched on August 10 to ensure transparency and speedy implementation of these projects. The portal will also help investors and the public to know details of the projects being implemented and clearances given by the departments," Shettar pointed out.