 Bangalore: Karnataka has stepped up efforts to bag private investments in industrial projects ahead of the Global Investors Meet here in June by holding roadshows in several cities in the country.
The state is bidding for a Rs.2,000-crore ($40 mn) two-wheeler plant that auto major Hero Honda plans to set up in south India. A Hero Honda technical team will visit Karnataka in Feb first week to search for a suitable site for the plant, according to state Large and Medium Industries Minister Murugesh Nirani.
Nirani met the Hero Honda officials in New Delhi late on Jan 29 as part of the roadshow in the national Capital. "Hero Honda has evinced interest to set up a plant for manufacturing two wheelers with an investment of Rs.2,000 crore in south India. We have been proactively promoting Hubli/Dharawad (in north Karnataka, about 420 km from Bangalore) for their investments. The company is sending its technical team for evaluation in first week of February," an official statement on the meeting said on January 30.
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