The Karnataka Assembly elections are six months away and the Basavaraj Bommai government has suddenly become overactive in organising one big investment event after another. Following the Global Investors Meet or GIM, the government is now hosting Bangalore Tech Summit. CM Bommai claims global investors have pledged Rs 10 lakh crore and is claiming the event will generate huge jobs and opportunities. But industry insiders aren’t convinced and feel most of the promised investment is unlikely to fructify and even if the state gets a fourth of it, it would be a huge deal. The people of Bengaluru, tired of 24/7 traffic jams and other civic issues, aren’t batting for more investment and expect the government to resolve basic problems first. The CM is in a fix. Sans big investments, he can be accused of keeping the big businesses out. If he does manages to woo them, the public are not exactly interested in welcoming them. Catch 22 situation indeed for him while the only people happy seem to be some bureaucrats, the media, and event management companies!
