UAE NRI, Royal family members plan investment in Karnataka

Members of the royal family of UAE and Non-Resident Indian-Kannadiga BR Shetty based there have evinced interest to invest in Karnataka, chief minister B S Yeddyurappa said today.
   
They have expressed the desire to invest in the areas of hotel, housing complexes, development of infrastructure facilities, energy, supply of drinking water in cities, urban development and waste management, among others, he said.

Addressing a meeting of Karnataka NRI Forum here, Yeddyurappa, however, did not talk about the extent of the proposed investment they were planning.

He said an NRI, in collaboration with Canadian firm CSQR Inc, had come forward to set up an Advanced Technology and Management Institute in Karnataka.

The chief minister said a data base of 701 NRI-Kannadigas had so far been created.
   
He said there was a need for active cooperation by the forum for government's aim of attracting investment of Rs three lakh crores after the proposed Global Investors' Meet.

"There is an intention to host 'Pravasi Bharatiya Diwas' in Bangalore. It's the responsibility of this forum to make it possible", the chief minister said.