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
hahaha muslims always find problem where they are ... In arab world they find enemy in the name of Israel , in west they scream that chummag ge gummah madthavre americans and christains antha ... bosnia dalli serbians mele ... burma dalli namma buddhist mele ... india dalli RSS mele ... hane baraha ashte ... no islamic country is peaceful as it is full of terrorists . Iran is an exception as they are shia ... 99.99% terror crimes , frauds , smugling , rapes are done by one particular community only ... still they scream they innocent anthe , mullahs give us a break ... we know what you are doing ... Hindus are well aware of what jihadist did for their culture , how indian women were raped and places of worships were destroyed . yaavano helidnthanthe RSS mukhta bharatha madthini antha ... adakke chummah gang namgobba leader sikkavne , madiji ge manja tinsona antha scheme haaktha idave ... hahaha ... RSS is not a local organisation ,it has so powerful lobby and very vast network across the globe ..next only to jewish lobby now . jewish and Indian lobby work together ...RSS is 100 times more stronger than these scums imagine .. nothing wrong in questioning muslims and if they are not found guilt send them out ... india must be free from terrorism ... so NIA must watch madrassas which are symbol of terrors and seminaries , which is a breeding ground for jihadist acts ...jai ho israel .. jai ho india ... long live Indo israel relationship ... death to enemies of israel and india ... hara hara modi .. jai jai modi ... jihadi gala pinkaan ge mirchi biddu ice mele koorlikke horadtha ive antha kanuthe ... yakku baba ... bholo bharath mata ki jai ... i heard one jihadi lady , pinkaan nalli 1 kg gold madikondu bandu namma police kaili sikki haakondavlanthe howda mullah gala .. hahahahha
Maulana thariq jameel is a scholar, his speech has changed many lives all over the world, and his speech CDs are commonly available in India and in gulf countries.
Kumar, if Muslims threw you out from India...we would not have seen you talking like this here in CD....it is because of your kind of people our country is not progressing...facing lot of problems now and then....Burma will suffering because of their wrong doing....
Muslims are not terrorists....RSS made them scafegoats
We Indians must stand up and voice and war against terrorists and terrorism. I salute Bihar CM Nithish Kumar's call for free RSS.
If we get rid of RSS then there will be peace everywhere in India.
RSS is the root cause of terrorism.
@ VENKI MANGALORE
YA YA BJP DPING THE WORK PROPERLY YES U R RIGHT
THEY TRING TO MAKE COW AS MOTHER AND BAN IN INDIA
BAGWATH GEETHA TO ANNOUNCE NATION HOLLY BOOK
THESE THEY DOING WORK RIGHT NOW
I feel sympathy for those CD anti muslim viewers who try to sling the mud on muslims stored in their backyard
@ KUMAR MANGALORE .
MIND UR WORDS.. DONT TALK AGAINST THE MUSLIM
TALK AGAINST THE TERRORISM
NEED TO CATCH VHP WE WILL GET THE PURE LINK...
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