BANGALORE: The BJP government in the mineral rich Karnataka is wooing steel producing majors in the country and abroad in a big way expecting to attract investments up to Rs 2,23,000 crore in the projects to be implemented in the next four years.

After assuming power the B S Yeddyurappa-led government had been working overtime to bring big time industry players to the state in its bid to create large scale employment, usher in development in the backward areas and bring industries to tier II and III cities. The government is holding the ambitious Global Investor’s Meet (GIM) to be held here on June 3 and 4. It is hoping to attract investments up to Rs 5,00,000 crore, across different sectors. The government also thinks that by attracting major steel producers, it could help bring down the exports of iron ore, which accounts for nearly 80 per cent of the annual production at 65 million tones, a top official today said.
Industry Secretary V P Baligar told reporters at the press conference, called to brief about the GIM, that the government was determined to bring down the quantum of iron ore exports as it was of little benefit.