BANGALORE: The state managed to attract the investment flow of less than six per cent even over two years after it held a Global Investors Meet (GIM) where 389 projects worth Rs 3.92 lakh crore were cleared.
Only 40 projects with an investment of Rs 21,178 crore have so far been implemented, as per the data released by Large and Medium Industries Minister Murugesh R Nirani in the Legislative Assembly today on GIM 2010 held in June of that year.
Moreover, only 24,525 jobs have been generated as against the projected employment of 7.3 lakh, while 2218 acres of land have been alloted as against the requirement of more than 77,500 acres.
The minister has released the figures in reply to queries raised by TB Jayachandra, HC Mahadevappa, Dinesh Gundu Rao, Ramalinga Reddy and UT Khadar (all Congress) and Suresh Gowda (BJP).
During GIM-2012 held in June this year, Memorandum of Understanding (MoU), Expression of Interest (EoI) and Registration of Interest (RoI) were entered into with 751 companies, who were inclined to invest about Rs 7.2 lakh crore.
“Timeline fixed for implementing the projects will be initally for a period of two years and extendable for a further period depending upon the time required by each project and projects being implemented by the project proponents,” Nirani said.