At the World Economic Forum in Davos, chief minister BS Yediyurappa on Monday signed an informal agreement with Murat Sonmez, the forum’s managing director. “Investors across the globe are worried about unethical practices in business and a centre is the need of the hour. If the Karnataka government is serious on securing investment, it should set up the centre immediately,” Sonmez said.
Yediyurappa immediately responded to the suggestion by prompting Sonmez to write down an informal agreement on a sheet of paper which both signed. “This centre will go a long way in Karnataka’s history of industrial development,” a release from Karnataka’s delegation quoted Sonmez as saying.
At the inauguration of Karnataka’s pavilion, Yediyurappa promised full support to investors. “We are happy to be here and look forward to engage you on various development agenda,” he said adding that he was keen to partner on certain strategic research that can help Karnataka become a major player on global stage. “With Karnataka emerging as a leading industrial state in India, we can make it a major player on the global stage,” he said.
Industries minister Jagadish Shettar, chief secretary TM Vijaya Bhasker and industries secretary Ramana Reddy were also signatories to the informal agreement.
