FDI inflow unaffected; intolerance allegation baseless: CM | Mangaluru News

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Udupi: Chief minister Basavaraj Bommai said that the state has attracted the highest foreign direct investment (FDI) in India. Bommai told the media in Manipal on Monday, that 43% of the country’s FDI flow reached Karnataka in the last quarter. He said that the allegations of intolerance affecting the FDI inflow in the IT sector is baseless. “We have seen the highest FDI inflow into the state in the last three quarters. Investments are flowing in from all corners of the world, and we have a very strong base. There is no question of investors going back. A lot of people are coming to Karnataka. We are already on a solid base, that we are not asking other states to come here. We have all kinds of human capital and infrastructure here. We have more than 118 international R&D centers functioning in Karnataka, and that is our strength,” the CM said. Election preparations Bommai said that the BJP will begin a state tour, as part of the preparations for the next assembly election from Tuesday. “We have created three teams to tour the state. Each team will conduct three meetings, and nine meetings will be conducted prior to the BJP state executive meeting,” he said. Beach tourism to get boost The CM said that beach and temple tourism will get a boost with the proposed changes in the regulations under the CRZ norms. “We have already submitted a proposal to the Union ministry of environment forest, and the ministry has responded positively. Comprehensive development of Udupi is our objective. We have already begun the work of a 250-bed government hospital and a medical college under PPP model will also be coming up soon,” he said.

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