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    DVS hardsells state to investors

    MYSORE: In the last four years, Karnataka has emerged as an investor-friendly destination and has tapped the potential of youth by generating employment, said Chief Minister DV Sadananda Gowda. He was speaking at the inaugural event of the Mysore Region Business Development Summit organised by the Federation of Karnataka, Bangalore and Mysore Chambers of Commerce and Industry here on Friday.“The Global Investors’ Meet (GIM) to be held in Bangalore is all set to create history by attracting huge investments and invite entrepreneurs to invest in tier-II cities. The GIM that was successful in Mangalore and Belgaum will attract investment to the tune of Rs 12,000 crore and generate employment by creating at least 50,000 jobs in the Mysore region,” he elucidated. By offering incentives, creating land banks, announcing tax exemption, and ensuring basic infrastructure to promote young entrepreneurs, the CM said, Karnataka has a head start when compared to other states.He averred that the response to investment in the state has been overwhelming from countries such as the US and Japan.“The government is keen on promoting small-scale industries and will implement recommendations of the Sarojini Mahishi Committee Report,” he added.He said that Mysore region has the potential to increase its contribution to the state’s GDP from 12 to 20 per cent.