The Karnataka State Industries Department has restructured the board of the Invest Karnataka Forum (IKF) and formed the Strategic Investments Committee led by Industries Minister MB Patil. The committee includes industry experts, venture capitalists and philanthropists, with the primary aim of enhancing the state’s industrial growth and attracting global investments. Moreover, Dell has recently shown interest in increasing investment in its Bengaluru research and development center.
Prime Minister Narendra Modi hosted representatives of leading Private Equity and Venture Capital funds at his Lok Kalyan Marg residence in Delhi for interactions in line with his endeavour to boost the investment climate in the country. During the meeting the discussion centered around the key initiatives in this regard by the government. The Prime Minister personally interacted with the industry leaders to also gather their inputs in the runup to Budget 2022.