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Nov 10, 2017 04:10 PM IST | Source: PTI

Karnataka CM invites Chinese investors, says state ready to receive with open arms

"India's exports to China touched USD 8.86 billion, whereas China's exports were USD 61.54 billion. I urge investors from China to invest in Karnataka," he said at the inauguration of 6th India-China Forum here. India-China bilateral trade also had reached USD 70.4 billion in 2015, he added.

Karnataka Chief Minister Siddaramaiah today invited Chinese investors to invest in  Karnataka, saying the state is ready to receive them with open arms and promised the speedy implementation of projects.

"India's exports to China touched USD 8.86 billion, whereas China's exports were USD 61.54 billion. I urge investors from China to invest in Karnataka," he said at the inauguration of 6th India-China Forum here. India-China bilateral trade also had reached USD 70.4  billion in 2015, he added.

Siddaramaiah said Karnataka is ready to receive China  with open arms in future to keep discussions and engagements moving forward. "We will do everything possible to enable seamless  conduct of business, with total transparency and with the  assurance that your projects will be speedily implemented," he said.

Karnataka Government will continue to actively engage   with China and explore all possible avenues to make them its  valued partners in building of a strong and prosperous state,  Siddaramaiah said.

He also expressed happiness over Karntaka signing   Sister-State-Province agreement with Provincial Government of  Sichuan of the People's Republic of China.

"It is just the beginning in identifying synergies in  technologies which would strengthen and deepen the foundation  of a Future-oriented Partnership between India and China and Karnataka and China, evolving business ties, particularly in  defence,energy,infrastructure,agriculture and food processing, Information Technology and environment,to name a few,"he said.

Siddaramaiah said Karnataka’s Industrial Policy for 2014-19 was manufacturing centric with a vision is to make the state an innovative and hi-tech manufacturing hub of India. He said India and China's relations has undergone an evolution in recent years developing along a positive track, into a friendly partnership.

"It has made great strides in recent years and has become truly multi-dimensional, spurred by a significant convergence  of interests, mutual goodwill and high-level exchanges," he  added.
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