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Business News›Industry›Energy›Power›J&K to host first-ever 'global investor meet' "I am hosting (first-ever) global investor meet by July-end (in the state to focus During the financial year , the energy demand has इकनॉमिक टाइम्स| ઈકોનોમિક ટાઈમ્સ | Pune Mirror | Bangalore Mirror. Dy Chairman Dr Arathi Krishna met Amarinder Singh,Hon CM of Punjab to Posted in Global Investors' Meet, News, News Paper Clips. Invest Karnataka , Global Investors Meet, successfully concluded with 1, Approved projects and MoUs and investments were signed across sectors for companies setting up units across the State. STATE NEWS . The UN has ranked Bangalore, fourth in the world as a “Global hub of technological innovation”.
An event like Invest Karnataka, the new avatar of Global Investors Meet, attracts big time investors from both India and abroad and it is always mega-mega bucks into high-capital high-returns game, with a slew of incentives thrown in for good measure.
This is the first time when a government in India — such jamborees are held in each state — is seeking investment in basic and much-vaunted needs for public. Other non-traditional areas that will be made attractive for investment would include healthcare, traffic and property management. The state government has prepared a handbook detailing the list of investment project profiles that would help investors in identifying options. It is also admission of sorts by the government that its measures to make PPP public private partnership work in creating on-road infrastructure like toilets and skywalks have failed.
The challenge before it would continue to be to show them the investors the money in these projects even if they were to evince interest. Let us see if investors express interest in these issues and come up with efficient revenue-sharing models. The biggest problem is on the distribution front as Aggregate Technical and Commercial AT-C losses of the state are on the higher side.
The main reasons for such high losses are technical as well as commercial.
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To minimise losses, the system needs up-gradation and improvements, especially in existing outdated distribution network. However, with the efforts of the government the AT-C losses, which were estimated at This has been posing a major challenge to the fiscal health of the state.
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The minister said that the reforms under power sector also include creation of new transmission corridors on a fast-track basis, creation of smart grid infrastructure and promotion of joint ventures under participatory mode. The economic survey report of says the energy demand in Jammu and Kashmir has gradually increased by about two to three per cent annually up to the financial year With a well-developed V O Chidambaranar Port, road and air connectivity, there should have been no real impediment to materialise the investments.
But, the promised projects have not yet taken off. Soon after, in 5, acres of land was identified in the area around the port city, but it is only recently that the government roped in a German agency to help devise a land-use planning and management policy.
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Tremendous potential of southern TN waits to be realised and it would be advisable for the government to consider holding an investor summit only for this region.
Thirdly, it is useful for us to take a look at the government strategy in terms of competing with other states in terms of attracting investment.
Now, it has been rescheduled to January even though there was no need for the postponement.