 Bangalore: Karnataka attracted investment proposals of Rs.1.10 lakh crore (Rs.1.1 trillion) in agriculture and allied sectors at the first Agri-business and Food Processing summit held for two days since Thursday.
"We have signed 42 agreements with industry partners during the summit with a combined investment of Rs.1.10-lakh crore in agri-related projects, including Rs.35, 488 crore for developing agri-infrastructure regions across the state," Chief Minister D.V. Sadananda Gowda said Friday.
Of the total, Rs.9,635 crore will be invested in food processing sector, Rs.3,845 crore in agriculture and horticulture engineering services, Rs.2,506 crore in the animal husbandry sector, Rs.1,575 crore in the fisheries sector and Rs.1,923 crore in setting up knowledge hubs in the state.
"As infrastructure development is critical to nurture agriculture and agro-based industry, the state government will create an enabling environment to facilitate capacity building and technology upgradation by the industry partners for increasing productivity of various crops," Gowda said in his valedictory address on the concluding day of the summit at the Bangalore International Exhibition Centre on the city's outskirts.
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