Gandhi, Kharge to skip Invest Karnataka summit in B'luru

India is committed to fostering a welcoming investment climate, ensuring a predictable policy environment, and eliminating bureaucratic hurdles, defence minister Rajnath Singh announced at the inauguration of Invest Karnataka-2025 in Bengaluru on Tuesday.

- HT Correspondent

BENGALURU:

He assured global investors that the country has moved past the era of policy uncertainty and red tape, embracing a market-driven economy where the private sector plays an important role.

"Earlier, investors had to navigate layers of bureaucratic challenges. However, the scenario has transformed. Today, we no longer present red tape to investors; instead, we roll out the red carpet," Singh said. He added that at all levels of governance—central, state, and local—there is a broad consensus on fostering sustainable economic development through private-sector leadership.

Highlighting Karnataka's attractiveness as an investment destination, Singh noted that the state offers world-class infrastructure and a highly skilled workforce, making it a strong foundation for business growth.

"No matter what your investment requirements are, Karnataka provides a good foundation for growth and success," he said.

"As an investor, you seek a world-class infrastructure, and Karnataka is offering next-generation infrastructure facilities. If you require skilled human resources, Karnataka stands out with its highly talented future-ready workforce," the minister said.

He was addressing an audience comprising industry leaders and policymakers, including Karnataka chief minister and Congress leader, Siddaramaiah, deputy chief minister DK Shivakumar, minister for large and medium industries MB Patil, Union minister for food and civil supplies Pralhad Joshi, and Karnataka chief secretary Shalini Rajneesh. Singh is a BJP leader.

Speaking at the summit, chief minister Siddaramaiah described Karnataka as a state synonymous with innovation, entrepreneurship, and growth.