BANGALORE, June 30: As many as 36 US and UK-based multi-national companies engaged in the areas of software, water treatment technology, telecommunications, aviation and food are keen to invest in Karnataka.Addressing newspersons here today, the Chief Minister, J H Patel, said that the companies had expressed their desire on investing in the State to the Karnataka Investment Initiative Mission that visited Pittsburgh, Washington, New York and Boston. However, he refused to predict the extent of investments his two-week foreign trip might raise.He admitted that the prospective investors were skeptical about the government's ability to provide adequate power to the industries. He, however, claimed that the power situation would not be as alarming as it was thought to be with the fresh clearance to generate 2000 more MW of power.He denied that the foreign investors were a bit hesitant to India's offer on investment due to the red tape that delayed the commissioning of the projects. He claimed that the red tape in India was `nothing' as compared to America.Patel also expressed strong displeasure over the delay in the commissioning of the Cogentrix power project in Mangalore.
