Karnataka State Industries Department has reconstituted board of the Invest Karnataka Forum (IKF). The state government has also instituted the Strategic Investments Committee (SIC) under the leadership of Chairperson MB Patil, Karnataka Industries Minister.
The committee is composed of professionals from diverse sectors, including private equity, venture capital firms, startups, philanthropic organisations and industry experts as members, including — Mruthyunjaya Hiremath, Director of AMD, Accel’s Prashanth Prakash, Nikhil Kamath of Zerodha, among others.
Moreover, the Karnataka government has also nominated Sajjan Jindal, Chairman and Managing Director of JSW as a director to the board of IKF.
Other nominees for IKF include Geetanjali Kirloskar, Chairperson and MD of Kirloskar Systems (auto sector), Arvind Melligeri, Chairman and CEO of Aequs Inc. (aerospace and defence), Ankit Fatehpuria, Co-founder of Zetwerk (manufacturing support services machine yools sector), and Vijay Krishnan Venkatesan, MD of Kennametal (machine tools sector).
Patil posted on X, “I have reconstituted the ‘Invest Karnataka Forum’ with the aim of attracting more capital to the state. Under the esteemed leadership of Shri Sajjan Jindal, we are reviving the ‘Invest Karnataka Forum’ (#IKF) to enhance our ability to attract investments and broaden our global market presence.”
The Invest Karnataka Forum (IKF) will work under the leadership of Minister MB Patil. The newly reconstituted board’s primary objective, as outlined by Patil, is to foster the growth of the state’s industrial landscape and offer innovative strategies to draw investments into Karnataka.
The Karnataka government is actively working to encourage innovation and entrepreneurship in the state. Its focus is on creating a supportive environment for businesses and attracting investments for economic growth. Recently, Dell expressed interest in investing more in its research and development center in Bengaluru during a meeting with government officials.
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