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
Aditiya Anand is a Hard core communal Hindu terrorist working under the shelter, protection and with the support of BJP. Second one is shakshi maharaj. They are not the saints or Sadhus but are the goons only to terrorize the minority classes as well as scheduled castes and backward classes.The government is keeping a blind eye toward these anti social elements.They must be controlled and debated from anti-social activities at the earliest possible. otherwise government of India will have to face the revolt from within the party folds. As there are people who are against such elements and do not want to set these bhagwa/saffron dressed miscreants free from the clutches of the law and order. The ministry of HOME Affairs must turn the cannons of law and order towards these anti-social...anti religious....anti law....anti humanism people.
Fake yogi
Put him in jail
AIMMM must file a case (nirbhaya a Ct?)
The trails and full investigation should in camera and identity of the victims shouldn't revealed.
Dear coastal digest my humble request with you please do not post PSYCHIATRISTS comments.
Naren potian can you send your sister to this place?
#RUC taken many action on it with their team
first of belated happy new year wishes for ultra nationalist Indian s ,who thinks nation first and religion second ...hahaha Look at the frustration among Itch guard users from one particular community ... all fake news .sorry to say CD is not at all posting news in which islamic millitants committing henious crimes and terrorists acts , be it in malda or in Bihar or pathankot ... even papa al quaida terrorist sikkagle in bangalore, chummah antha ummah kottu , chumma chumma dede antha ummah ge hurt agbardu antha news ne haakalla ..this shows the maturity of this news media , fake victimisation is new found technic by muslims but everybody knows the truth mama.. One particular religion on daily basis kidnaps 1000's of non muslim gals based on instruction from headless and rapist preachers , who scream for jihad ... we know how these piece piece religion sells women in petrol pumps of raqqa,syria on USD basis ... hahaha .
Ley fairman , we are not living in ISIS controlled or saud family ruled rogue nation to behead democratically elected person .. India mama idu ... sorry Hindusthan kano .. acha kannadali bharatha khanda mams idu ..yenne haakidya henge guru ... mostly local haakirbeku ... filter less agi , olagade iro true attitude aache bandide ... hahaha
anyways long live RSS , Jai bajrangdal ... Jai yogi adithya nand ...we must learn from Israel to counter anti national terrorists , Intifada maadthini anno munde maklanna shivana paada kke seristha iro israelis are really great .. avarigu jai andu bidona ... hara hara modi ... jai jai modi ... bholo bharath mata ki jai ... bholo sangh parivar ki jai ...
Is Judiciary exist in the country and vigilant on the rule of law and feels its responsibility to protect the minorities
Are these girls Sunni or Siya.?
How some young men becoming nexalites, terrorists, decoits???
because of \gomuka vyagra\" criminals existing in our places.
To take revenge youngsters are becoming terrorists to teach a lessons to these anti nationals.
This man along with his groups should be banned and arrested.
But the Government is supporting these goons because the Government is governed by RSS ( who are the God father for all these criminal terrorists)."
ALLAH will allow to cross the limits to Evil doers ,,,then he will catch them in their necks, but the time will be over to repent........................but we have to work hard to bring back glory of Muslims not ISLAM,..........ISLAM will prevail as ALLAH will take care of it
Be honest
Be vigilant if Religion or Women comes under attack
Be Prayfull
Dont sit at home and think that Duaa is enough...if its true then Allah created Humans when Angles were there already...its a test to all of us
This guy deserves to be beheaded immediately and his daughters to be just kidnapped and treated good, so that he and his followers learn well.
Ya it is true. yogi should be banned from india
seriously, AIMMM dont have any work to do.
what non sense it is,
YA ALLAH save us from Such human devils.
Oh Ummah, please be alert because devils are roaming freely.. because the Word of ALLAH is kept in the SHELF ...
& also
Our prophet said be UNITED
Groups say : Don't UNITE by adding their own version to TRUE ISLAM.
Think which Group is asking U NOT to GET UNITED?
ALL types of devils will run away when we act upon the word of ALLAH...
Lets not be a MUSLIM only by name... We should act as a MUSLIM. U just need to take the step... ALLAH will help U fight such devils in ins & jinns. There is no POWER nor MIGHT except with ALLAH.
one more allegation, what are we. what are we hearing, seriously we common people are not understanding.
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