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Rediff.com  » Business » 'An investor-friendly Bangalore soon'

'An investor-friendly Bangalore soon'

Source: PTI
Last updated on: February 11, 2006 19:12 IST
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With corporate bigwigs shying away from the city, Karnataka's new chief minister H D Kumaraswamy on Saturday initiated a damage control exercise promising to rebuild the crumbling infrastructure.

"I will invite leaders of the industry either on February 15 or 16 to assure them that within three months, the government will not only improve roads to the satisfaction of all, but also initiate steps to ease traffic congestion," he said.

Siemens not to expand in B'lore

Kumaraswamy's reaction follows a threat by Siemens India, which on Friday said it would not take up expansion plans in Bangalore due to poor infrastructure, including traffic chaos.

A day before, SemIndia had announced plans to set up India's first $3 billion Fab City in Hyderabad.

Land woes hit Infosys's expansion plans

Appealing to industrialists to co-operate with the new government, he said: "We are only nine days old. We will clear all doubts regarding infrastructure to investors and turn the city investor-friendly soon."

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