The State Government on Monday signed a Memorandum of Understanding (MoU) with the Gulf Islamic Investment (GII) group that has shown interest to invest in the State. The GII will open its office in Bengaluru to further strengthen Indo-UAE investment ties, a release from the office of Industries Minister Murugesh Nirani, said.
The MoU was signed in Dubai during the DubaiExpo on Monday in the presence of Mr. Nirani and Higher Education Minister C.N. Ashwathnarayan. “GII’s decision to foray into Karnataka will further strengthen investment ties between India and UAE. GII’s presence in Bengaluru will pave the way for more investments, trade and creation of jobs,” Mr. Nirani said.