Invest  Karnataka  –  Event  Report    Summary  of  event    Invest  Karnataka  aimed  to  create  a  platform  for  the  best  minds  to  meet,  exchange  ideas  and  drive  forward  the  state's   vision  of   prosperity   for   all   -­‐   by   employing   technology,   innovation,   inclusivity   and   sustainability   as   key  factors  for  development.  The  Meet  was  scheduled  from  3rd  to  5th  February  2016.    Over   the   years,   Invest   Karnataka   has   come   to   signify   successful   partnerships,   comprehensive   and   sustained  developments.   In  this  edition  as  well,  the  event  was  attended  by  visionary  leaders  and  global  corporations  to  explore  opportunities  in  Karnataka.  The  three  day  event  included  focused  sectoral,  theme  and  partner  country  seminars  and  attracted  domestic  and  global  stakeholders.    Focus  sectors  showcased,  with  very  high  growth  potential  included:  •  Manufacturing  including  Automobiles,  Aerospace,  Machine  Tools,  Defense  and  Heavy  Engineering  •  Information  Technology,  Bio-­‐Technology  and  Electronics  •  Agro  &  Food  processing  •  Textiles&  Garments  •  Smart  Cities  and  Urban  Infrastructure  •  Infrastructure  •  Energy  including  Renewable  Energy  •  Tourism    Highlights  of  the  three  days  event  were:  •      Sectoral  sessions  •      Partner  country  /state  sessions  •      B2B/B2G  networking  opportunities  •      Expo    Date  attended:  3rd  and  4th  February,  2016      Venue:  The  Bangalore  Palace,  Bangalore    Time:  9:00  AM  onwards      Overview:      a. The  event  saw  good  media  turnout  (coverage  report  in  Annexure  I)  b. The  WEConnect  International  (WECI)  stall  had  a  footfall  of  approximately  100  attendees  every  day.    c. A  total  of  9  stalls  of  certified  WBEs  were  sponsored  by  WECI’s  corporate  partners  -­‐  5  by  Wells  Fargo,  2  by  

Walmart,  1  by  Accenture  and  1  by  IBM.            

   

Event  highlights      I. Announcement  of  subsidy  for  Women  Based  Enterprises  by  State  Government      In   view   of   Karnataka   State   Government’s   New   Industrial   Policy   (2015-­‐2019)   to   build   a   prosperous  Karnataka   through   inclusive,   sustainable  and  balanced   industrial   development,  by  achieving  an   industrial  growth  rate  of  12  per  cent  per  annum,  the  state  aims  to  attract   investments  of  about  five  lakh  crore  and  generate  employment  for  about  fifteen  lakh  persons  during  the  Policy  period.  Entrepreneurs  belonging  to  SC/ST,   Minority   Community,   Backword   Classes,   Ex-­‐servicemen   and   Women   have   been   given   special  attention   to   encourage   enterprise   creation   and   industrial   capacity   building   by   them.   Adding   a   separate  component  to  the  scheme  for  encouraging  women  entrepreneurs  as  per  the  policy,  the  following  subsidy  was  declared  by  the  State  Government,  as  on,  1st  Feb  2016:  Under  5.6.12-­‐I  (vii)  -­‐  WEConnect  Certification  for  Women  owned  Business  Enterprises  (WBEs):    -­‐ For  a  period  of  3  years  maximum  limit  Rs.75,000/-­‐    -­‐ I00%  of  certification  fees  for  the  1st  year  -­‐  Rs.30,  000/-­‐  max.    -­‐ 90%  of  certification  fees  for  the  2"d  year  -­‐  Rs.27,  000/-­‐  max.    -­‐ 80%  of  certification  fees  for  the  3rd  -­‐  Rs.18,  000/-­‐  max.    Along  with  this  a  6%  interest  subsidy  on  term  loans  will  be  provided  to  micro  enterprises      II. Panel  discussion  on  promoting  women  entrepreneurs  

 A  panel  discussion  on  Her  Enterprise  was  moderated  by  Ms  Ratna  Prabha,  Additional  Chief  Secretary,  Commerce  and  Industry.      Panellists  included:  •                  Ms  K.  Ratna  Prabha,  IAS,  Additional  Chief  Secretary  to  Government,  Commerce  &  Industries                          Department  •                  Dr  Nandini  Tandon,  Board  Member,  CoChair,  Sister  City  Initiatives,  SF  India  •                  Dr  Kiram  Mazumdar,  Chairperson  and  MD,  Biocon  •                  Mr  Krish  Iyer,  Present  &  CEO,  Walmart  India  •                  Mr  Juvencio  Maeztu,  CEO,  Ikea  •                  Mr  Srikanth  Rao,  MD-­‐Procurement,  Accenture  •                  Ms  Monika  Lakwana,  Director  Operations,  The  Indian  Hotel  co  Ltd  •                  Mr  RK  Tiwari,  Executive  Director,  BHEL  •                  Mr  Jitendra  Chaddah,  Director,  Intel  •                  Mr  Sunita  Rebecca  Cherian,  CP,  Human  Respiurse  &  Global  Head-­‐  Diversity  &  Inclusion,  Wipro  •                    Mr  Shekhar  Vishwanathan,  Joint  MD,  Toyota  Kirloskar  Motors  •                    Special  Invitee:  Parul  Soni  Executive  Director,  WEConnect  International  in  India          

             

   

       Coverage  Status  –  3rd  Feb  to  6th  Feb,  2016  

 S.  No.  

Publication   Edition   Date   Headline   Kind  of  coverage  

Mainlines      1.  The  Hindu  

Business  Line  

Online   4th  February  

Wal-­‐Mart  plans   to  increase  sourcing   from  women-­‐owned  cos  

Mention  of  WECI  

2.  Mint   Online   6th  February  

Karnataka  seeks   to   help  women  entrepreneurs  grow  at  global  investors’  meet  

Mention  of  WECI  

Online      3.  Yourstory   Online   4th  

February  Invest  Karnataka:  why  Bengaluru   is  the  innovation  capital   of  India  

Mention  of  women  entrepreneurs;    http://yourstory.com/2016/02/photosparks-­‐invest-­‐karnataka/    Photo  caption  of  WECI    

                               

   

         Images  from  the  event  

                             Executive  Director,  WECI  with  the  Chief  Minister  Karnataka      

 

   

                             Executive  Director  WECI  with  the  Chief  Minister  of  Karnataka  at  the  WECI  stall;  in  background  –      sponsored  stalls  

 

 Coverage  in  Yourstory-­‐  Online  Media  Platform