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.
Comments
Dear Sangeeth, Please do not be a hypocrite . Have you never seen a Navy officer in beard, may be like sikhs. Ohhh I forgot For sikhs its ok as they are not muslims. Only if the applicant is a muslim then there is a problem. Right. Remember the Indian army and navy are full of patriotic and honorable sikhs, but they are never treated otherwise based on their relegious beliefs. why this double standars then when it comes to muslims. think about it. and also ponder on who is creating the unrest in society and nuisences in the country.
Hahaha... If hygine problem is there it should be applied to female nurses and the principal also. So college should ask them to cut their long hairs..(choti, Jade in kannada) to maintain hyginic atmoshpeher...
Dr. Narasinga reddy said the right thing
She is jealous. May be her husband dont have long beard
Why these people went there. They can learn from normal institution where no such rules not kept for students
For each course and college has their own style of dressing and hairstyle. If muslims people going to navy and opposing their rules and not willing to cut hairs and beard like they suggesting means rubbish.
India became pakistan after modi starts ruling India
True. Keeping such beard is not hygiene. If they are cutting properly then its fine.
Stop fascist attitude. They are humans
Talibanism
Hahaha very funny. What is this bullshit? Maybe she wants every man to look like her.
I think Mr. Rudawat's statement is complete nonsense and trying to say that our PM is unprofessional.
Absolutely ridiculous.
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