The State Government has appealed to the Prime Minister of Liechtenstein to direct a major share of investment commitments under the European Free Trade Association (EFTA) agreement towards Karnataka.
Industries Minister M.B. Patil, who is attending the World Economic Forum in Davos, said he met Liechtenstein Prime Minister Brigitte Haas and held fruitful discussions on strengthening bilateral ties by leveraging the country’s industrial expertise and Karnataka’s manufacturing and innovation ecosystem. He added that an invitation was also extended to the Prime Minister to visit the State to further enhance trade relations.
The Minister said detailed discussions were also held with Michael Punke, Vice-President of Amazon Web Services (AWS), one of the world’s leading cloud computing and digital infrastructure companies, on attracting a large number of global cloud and infrastructure firms to Karnataka. Michael Punke expressed deep appreciation for the State’s abundant pool of skilled professionals, startups and robust digital infrastructure.
The State Government has assured that it will meet all requirements of global cloud and data centre operators, Patil said.Information was also shared on incentives available in the State for the cloud computing sector, power availability, and infrastructure that is ready for immediate deployment.
Automobile manufacturer Volvo has expressed satisfaction with Karnataka’s industry-friendly environment. The company has been invited to expand its vehicle manufacturing operations in the State by leveraging Karnataka’s strengths in manufacturing, technology and skilled manpower.