Tech skills, friendly policies make Karnataka top investment destination: Kumaraswamy

Karnataka has emerged a business-friendly destination because of the thriving ecosystem, said Karnataka Chief Minister HD Kumaraswamy.

Speaking at the Aero India 2019, Kumaraswamy said Karnataka with highly skilled and talented workforce, great technical expertise, relentless innovation backed by business-friendly policies has become the most sought-after destination in the country.

“Karnataka has been at the forefront of India’s march towards economic growth. Karnataka’s GSDP was Rs. 12 lakh crore in 2018-19 and the State’s economy is expected to grow at 9.6 per cent during 2018-19,” he said.

A congenial economic environment has been created in the State to boost investor confidence. For the third year in a row, Karnataka has been ranked first in the country as the most attractive State for investments. “Karnataka has regained its glory of being a business proactive State by ensuring 98 per cent compliance to provisions of Business Reforms Action Plan,” the chief minister said.