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.
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Shobakka, how is Yeddi why you got married same person twice did you divorced after first marriage,
Uruda Madmaye,
Gattida Thammana avodu
Shimoga ties with Udupi. Vow. Why hiding the good news from the couple.
HAPPY MARRIED LIFE....
Dears,
don't think, if both are single, why not. But why in secret. Who can stop them.
Any way he is now son in law of D. Kannada.
So we have to arrange him a Thammana, chammana,
Government should not waste money by providing Z plus security to Mr. Padmanabah.. there is no benefit for common man even if yeddy get marry or not ? Its their personal life. Wishing good luck for yeddy and shoba.. happy married life..
Wishing you both Happiest Married Life.
Next Karnataka Cabinet, Lungi and Chaddi leading Karnataka Govt
Marriage is not a crime in our Hindustani tradition we have a perfect way of getting marriage system, That's in life one Time only what here Yeddi and Lunggi did Twice could you please clarify Master Viren ???
It is an open secret. I think few people still need confirmation.
Yeddy killed his wife to get marrried with shobha. Yeddy has the support from Swamis, because after getting married he supplies women to swamis.
Yeddy used to find with Nithyananda. If there was no women then they used to fulfill their desires. This is going on in Indian politics.
@Viren Kotian & Nihal
Marrying secretly is not a crime in India. but here suspicion arises over the death of former CM's wife!
After all why cant they stop drama ?
Anyway, happy married life.
Well said Mr Vieren Kotian. Let's take it positively.
Is marrying a crime in India? Well done Yeddy and Shobhakka. You have set an example of simple marriage. Let others follow this couple. Congrats :)
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