Deputy Chief Minister D.K. Shivakumar announced that Karnataka is set to have a separate secretariat to facilitate investments from Non-Resident Indians (NRIs) in the state. This initiative aligns with an earlier declaration made as part of a party manifesto ahead of the Assembly elections, where establishing a separate secretariat for NRIs was pledged.
The separate secretariat aims to address the concerns and requirements of NRIs who are keen on investing in Karnataka. This facility is designed to be in sync with similar setups instituted by the Central government and the government of Kerala. The deputy CM highlighted that the establishment of this secretariat would significantly ease the investment process for NRIs, thereby encouraging more investments into the state.
Furthermore, a vice-chairman has already been appointed to oversee the operations of this secretariat, indicating the state government’s readiness and commitment to this initiative.
This move is part of a broader plan to attract global investments and offer a conducive environment for NRIs wanting to contribute to the state’s economic growth. By setting up a dedicated department to address the needs and concerns of NRIs, Karnataka aims to expedite investment processes and provide a seamless experience for potential investors.