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.
The decision was taken by chief minister Siddaramiah, who was looking for a competent and active minister to handle the department of Food and Civil Supplies, after the departure of Dinesh Gundu Rao.
Comments
I am a APL card holder. When we get ration coupons, in coupons for APL 5 kg rice and 5 kg wheat. When we go to ration shop if we say i do not want wheat only 5 kg rice they do not give. They says if you want rice you should take wheat also. Other wise change in your coupon for rice only. But we can not change only rice.
Kindly tell what is the procedure for only rice and no wheat for me.
Sir,
There is shortage of Non subsidised Commercial L.P.Gas cylinder of 19 Kg capacity in the market as HPCL has stopped giving new cylinders to the dealers since past 6 months.
The reason stated is that the turnaround ratio is less than 1 per month.
It is very surprising stand in the open market regime and HPCL has no ground to take such decision in general. The new release is stopped to those dealers who has more than 1 turnaround per month.
Black marketing of commercial cylinders is now a reality.Thanks to HPCL !!!
You are requested to appraise our food minister to manage this issue and oblige.
Regards
Not a good move by CM....Let's see....
Good Move... UTK did better as health minister...
He should also improve the food and civil dept. too... Lets wait before we criticize
this siddu dont have any work to do, Ut khader has done very good job in the field of health all the best for your future work.
One of the biggest blunders of Siddu govt. Outsider Siddu is helping his cheddi dost Ramesh Kumar
New minister in health department has nothing to do. all works are completed my Mr Khader. new one has to just eat, sleep and pose for pics.
congrates. but sad that health dept will be corrupted from today.
congratulation UT Khader, we all NRI's know that u have the capabilty to work in any sector, keep up your good work, lets c what u can do in food and civil supply, being health minister u have given good service as we all know.
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