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
BJP's cheap politics!!! They don't have any issue to raise against Mr. Siddaramaiyya government and to cover up Mr Yeddy verses Eeshwarsppa fighting,
Dear All, you wont become anti national if you speak in favor of Pakistan, nor if you speak against India in BJP ruled nation. It is only when you speak or share your views anything against our central government views, then you are labelled here as Anti National. That is what the Bjp or RSS wants Indians to be, literally these are SICK
IGNORE KARO !!!
Our Little dumb girl Geeta crossed Pakistan border and spend a good life for about 20 years in Eddi's ashram as he look after her as his own daughter. Still she was not converted to Islam ; finally Eddy bought her to India , when the government of BJP offered him 1 crores of rupees he politely refused the money. What a great man he is . . He is a Pakistani. We salute him. likewise there are crores of people in Pakistan are good and some people are their very bad (killing innocents in road, mosque, and schools).
So what Ramya said here???/ She said the people are good and Pakistan is not hell.
If Pakistan is a hell ,,, then how those people who were visited recently there not burned to death???? including Sushmaji, Modi and Rajnath????
Whatever Modiji did was good. He has followed Vajpayeeji.
In Pakistan there are terrorist groups which cannot be controlled by the Pak government; every time they kill hundreds of innocents .
No the most poisonous creatures of India like VHP , BJP etc. Sangha Pariwar's has no work to do simply they behind now Ramya.
BJP's achievement......
Modi's visit cunningly to Pakistan without invitiation....did anyone lodge sedition charge against him....this is called double speaking...
these ABVP and BJP kind of terrorist groups do not have any job to do...just want to create uneasiness and unpleasant condition around...
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