India News | Basavaraj Bommai Says Govt Working to Make Karnataka Top Investment Destination

Bengaluru (Karnataka) [India], May 8 (ANI): Karnataka Chief Minister Basavaraj Bommai said the state government will ensure that the state becomes the top destination for the foreign and national investors.

On Saturday, the Chief Minister spoke to ANI after he participated in a programme where the international automobile giant Toyota signed an agreement to invest Rs 4800 crore in the state.

Also Read | Tajinder Pal Singh Bagga Gets Relief Till May 10 After Midnight High Court Hearing.

Bommai said the government is quietly working on various sectors which can attract investors in a big way. The sectors include IT, electronics, semiconductors, and electric vehicles. ''We will encourage investments in these sectors with our attractive offers,'' he said.

The Chief Minister mentioned that last week a mega agreement was signed with a semiconductor company and now an agreement has been signed with Toyota.

Also Read | President Ram Nath Kovind to Inaugurate Permanent Campus of IIM Nagpur Today.

"We will soon have an agreement for electric vehicles and Karnataka will be a hub for electric vehicle manufacturers,'' he noted.

The state is seeking investment in key technology areas. ''A company like Toyota coming forward to invest in Karnataka shows that the state is investor-friendly. This is a message to the entire world,'' he added. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)