The Global Investors Meet begins in Bangalore

Bangalore, 3rd June - Global Investors Meet (GIM), is expected to lead to Rs.5 billion (Rs.5 lakh crore) in Karnataka in the next four or five years, began here Thursday with the state to roll out the red carpet for global companies to India Inc.



Bangalore: India's IT capital Bangalore is ready for national impressed global investors to establish businesses in Karnataka within a two-day event will begin here at Palace Ground.

Nearly 55 companies will invest in Karnataka and sign a Memorandum of Understanding with the State's IT and biotechnology department at the Global Investor Meet scheduled for June 3.

More than 2,500 businessmen from India and other foreign countries like UK, USA, France, Germany, Singapore, China, Southern Korea and Australia are expected to attend the business meeting held after a gap of 10 years.



A galaxy of animal investors led by ArcelorMittal founder Lakshmi Mittal N. attending the meeting, opened by the Bharatiya Janata party leader and leader of opposition in Rajya Sabha Arun Jaitley. Other leading businessmen in the two-day meeting with the Aditya Birla Group Head Kumaramangalam Birla, Essar Group chairman Sashi Ruia, UB chief Vijay Mallya, former Confedration Indian Industries Chairman Venu Srinivasan, Infosys CEO Kris Gopalakrishnan and Wipro Chairman Azim Premji, Baba Kalyani of Bharat Forge, Sajjan Jindal of Jsw steel.