May 11: The Karnataka government appears set to roll out red carpet welcome to foreign companies seeking to move out of China.
The State's Large and Medium Scale Industries Minister Jagadish Shettar said the Government plans to constitute a task force, under the Chairmanship of the Chief Secretary T M Vijay Bhaskar, to spearhead the drive to attract such investment. A proposal to this effect has been sent to the Chief Minister B S Yediyurappa for approval, the Minister told PTI in an interview.
This panel would take feedback and suggestions from a consultative committee to be formed with prominent industrialists from the State and representatives of various countries located here, Shettar said.
In recent days, the Minister held consultations with industrialists such as co-founder and Non-Executive Chairman of Infosys Ltd, Nandan M Nilekani, Executive Chairperson of Biocon Ltd, Kiran Mazumdar-Shaw and Chairman of early-stage startup accelerator and venture fund Axilor Ventures Senapathy (Kris) Gopalakrishnan to fine-tune the States outreach push.
Shettar also held interactions with industry bodies, including Confederation of Indian Industry (CII), the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), Bangalore Chamber of Industry and Commerce (BCIC) and Karnataka Small Scale Industries Association (KASSIA).
Industrialists who took part in the deliberations suggested to the government to focus on ease of doing business and improving the single window clearance system for approvals, as the Minister spelt out government's intent of further improving the investment climate to attract industries to Karnataka.
To boost the industry sentiment in the State, they also stressed the need on easing land acquisition regulations, and leveraging the knowledge base of Bengaluru to promote technology-based manufacturing.
"Given the interest shown by some companies in moving their manufacturing bases out of China, the industry leaders recommended that the State government identify a target list of 100 firms to reach out to for attracting to the State, and work out a strategy to bring them to Karnataka," an Industry department official said.
The industry leaders assured cooperation from the private sector in reaching out to and facilitating interactions with CEOs of these companies.
Shettar said restrictions on acquisition of agriculture land for starting industries have now been relaxed with the passage of an amendment to the land reforms act in the recent Legislature session.
This would facilitate immediate land allotment to industries, he added.
The Minister has also submitted a proposal to the Chief Minister on relaxing labour laws.
Secretary General of industry body ASSOCHAM, Deepak Sood, told news agency recently that there is a broader consensus that the global manufacturing supply chain would be more spread than concentrated in major economies like China.
"If India comes out of the present crisis with minimum of impact, we can be the destination of choice for the global manufacturing giants in different sectors like electronics, computer hardware, pharmaceuticals, including medical devices, automobile, including components and other engineering products," Sood had said.
Gopalakrishnan, also co-founder of Infosys and former CII President, said India has to target companies which have operations in China, reach out to them, understand what their needs are and hold discussions with them.
"We have to make sure that their requirements are addressed, be it with regard to land, office space, faster approvals, and some concessions on local taxes. It depends on the businesses that the companies are in, and if we are able to respond to those requests, I think we will be able to attract them", he told news agency.
"All states will compete for this business (foreign investment)," Gopalakrishnan added.
Mohammad Ayyub Mev was admitted to V S Hospital after he was thrashed by unidentified persons on S G Highway on the night of September 13 after his car met with an accident.
Comments
Dear Raj, #7
Either U did get the information from Cheddis or U are ignorant of what Islam teaches... Just dont depend on Media ISLAM where most of the information are provided by the enemies of ISLAM ... U are already fooled into thinking that ISLAM is evil... Infact ISLAM is the only religion accepted by GOD...
If U Honest and need what ISLAM teaches then READ QURAN...its the source ...
QURAN mentions mankind to PONDER on it and whatever problem we face in this era, Quran gives the solution...
QURAN says to read and reflect on what it says... dont just read it , REFLECT on what is says...
Just dont be in DARKNESS by acquiring the information U Got from hate mongers... Use your god given intellect and GOD guides those who look for him honestly... Dont waste YOUR precious LIFE by supporting the Evil cheddis ignorantly... U need to learn the enemies before U make the enemy... Dont fall trap to the cheddis without knowledge of your enemy... Read QURAN and find out why cheddis are trapping people like U.
TRUE INDIAN ...... Good answer .....Hope RAJ will not come up with such Kachra remarks again like Naren, Viren, Bopanna ........
the car will convert to tempo the same way mutton turned to beef in dadri.. how can a calf and bull fit into a car.. sanghis keep on proving that they have bull shit inside their head...
@Raj bangalore
Even shiva couldnt recognise his won son ganapathi. How can he recognise u. Ram couldnt save his own wife sita. How can he save u.
After death hindus burn their dead body. But muslims bury .
What u do with k
inna lillahi wa inna lillahi rajioon
No One will be arrested ..............we will take required measure ......More and more virens will taste such things which very Saffu Gangs tasted .........
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