We expect 5 lakh crore investment, says DV Sadananda Gowda

TUMKUR: CM DV Sadananda Gowda talked to TOI on Friday about his plans for the upcoming Global Investors' Meet in Bangalore in June.
What are your plans for GIM?
The state government is taking all steps to make it a success by holding roadshows in metropolitan cities like Mumbai , New Delhi and Kolkata as well as other cities. We planned roadshows abroad, but I cancelled them due to drought.
Who are the big ticket investors who have committed to come and sign MoUs?
The Singapore government has accepted our invitation and we expect a lot from it. Japanese companies have also agreed to come. The Singapore government and Japanese companies like Suzuki, Toyota and six to seven others are ready to sign MoUs. Reliance, Mahindra & Mahindra, ARL Media, Nandi Infrastructure and other major corporate houses will also participate. At the State High-Level Clearance Committee meeting in Bangalore, we cleared proposals of 43 industrialists who will sign MoUs.
How different will this GIM be from the earlier one?
In GIM-2011 , only Rs 3.92 lakh crore investment flowed into Karnataka. But in GIM-2012 , we expect Rs 5 lakh crore investments . Besides, we have already selected the industries and the land required by them will be given on the spot. We don't just give assurances to investors, but give facilities on the spot.
What were the lessons learnt from the GIM-2011 ?
We committed a lot of mistakes . We invited steel industries . This time, with the Supreme Court banning mining in Tumkur, Chitradurga and Bellary, we'll be cautious.