Nokia Plans Expansion in Karnataka

“Maharashtra has taken a lead by getting investment commitments worth Rs 30 lakh crore in multiple sectors, including industries, agriculture, services, technology, health, education, energy, et al. In addition, we hope to finalise Rs 7 to 10 lakh crore investments in the next couple of days. Our preliminary discussions are done.”

“Though some of the companies with whom we signed MoUs are Indian, they have presence in more than a hundred countries across the world. They bring a foreign direct investment component through partnership with global franchises.”

“If coalition dharma was strictly adhered to, the CM should have shared the outcome at Davos first with Deputy CM Eknath Shinde and Deputy CM Ajit Pawar, who is also the finance minister. They should have collectively taken the credit for investments.”

“CM is the captain. He is bound to have a final say on a global meet.”

“The investment euphoria may help in political messaging. But setting in process every MoU is a tedious task. Records reveal the actual realisation rate… is 45 to 50 percent.”

“It is just statistics; it means nothing. What are they doing about growing unemployment and poverty?”

“Chief ministers from various states in India visit Davos every year. It has become a picnic. Why do they go to Davos? How much is spent on their travel? If they have to meet Indian industrialists for investments there, it is ridiculous. They can do it in their own states.”