The Hindu·3 min read·medium

Karnataka to have Global Investment and Overseas Affairs Department

T
The Hindu Bureau
Karnataka to have Global Investment and Overseas Affairs Department
AI Summary

The Karnataka state government is establishing a Global Investment and Overseas Affairs Department to support Non-Resident Kannadigas and facilitate foreign investment. The department will act as a single-window system for international delegations and partnerships.

Why it matters

This initiative aims to streamline foreign direct investment and improve diplomatic engagement between the state government and global stakeholders.

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After the recently announced Praja Seva Department to address grievances of the public, Karnataka will now have a Global Investment and Overseas Affairs Department to address the welfare of Non-Resident Kannadigas, besides providing a platform for foreign delegations, investors, and diplomats to deal with the State government.

Along with the setting up of the new department, the State Cabinet on Thursday proposed to issue NRI-K cards.

“It will act like a single-window system to deal with foreign delegations, investment facilitation, partnerships, and cooperation, among others. The department’s Secretariat will enable meetings of foreign delegations with the Chief Minister, and after discussions, the proposals will be sent to administrative departments,” Deputy Chief Minister G. Parameshwara told presspersons in his post-Cabinet briefing. The department would also look at global cultural exchanges, global research and development, health, and tourism issues, he said.

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