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September 30, 2011

Karnataka Industries minister in US to attract NRI investment

BANGALORE: Karnataka Industries Minister Murugesh R Nirani was in United States from September 18-27 to attract non-resident Indians from the state and American investors to makeinvestment in Karnataka.

Led by a high-level delegation, Nirani held interactions with business leaders and entrepreneurs from Chicago, New York and San Francisco, whereby he made them know about the various dynamics of trade. The delegation also visited the Chicago Board of Trade to study the auctioning and trading of agricultural products in the global market.

It also visited the Chicago International Produce Market to get a grasp of the know-hows of agricultural trade, from procurement to preservation to sale.

Nirani invited Arcelor Mittal to develop a global research and development facility in the state after his visit to such a similar one in US.

Nirani also met Ron Somers, President of the United States India Business Council and highlighted the business opportunities in Karnataka and extended an invitation to the council to attend the Global Investors Meet, 2012. 

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