Indian News Service 2013-09-09 11:54:00

FOR BALANCED GROWTH IN GDP-NEED TO INCREASE 
MANUFACTURING GROWTH-ASSOCHAM.

Mr.Krishna Byre Gowda,Minister for agriculture,Government of karnataka expressed his concern about the declining growth of agriculture and manufacturing sectors in GDP.He also expressed his concern about the concentration of industry and manufacturing sector in and around Bangalore.He urged industry to identify strategic advantage of various parts of the state and leverage the same.
 FDI inflows -April 2012 to March,2013.
The FDI inflows to Bangalore is only $1023 million when compared to Chennai 
($2807 million),Mumbai ($8716 million), & New Delhi ($3222 million) and Karnataka
ranked 4th in the country in terms of total FDI inflows.

Earlier, welcoming the delegates to the manufacturing summit,Mr.J.Crasta,
Co Chairman,ASSOCHAM,Southern Regional Council,presented the picture  
of the present condition of the manufacturing sector in Karnataka and Bangalore   
in particular. He advised the government to take pro active steps to provide fillip to the manufacturing sector in Karnataka.

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