Karnataka delegation, which is touring France to attract companies for theforthcoming “Invest Karnataka 2016” from February 3 to 5, 2016 in Bengaluru, has signed an Expression of Interest (EoI) agreement with Reitzel Group.
- As per the EoI, the company is expected to invest 20 crore and create about 50 new jobs to the already 200 existing jobs. Reitzel is a Paris-based family-owned company in the Agri and food processing industry.
- The road show to promote “Invest Karnataka 2016” is organised by MEDEF International and GIFAS with a special focus on manufacturing and aerospace sectors.
French companies have invested about $4.5 billion in Foreign Direct Investment (FDI) in India since the year 2000 which makes it the 9th largest FDI contributor to India.
- There are about 170 French companies which are headquartered in Karnataka.
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