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
Alhamdulillah.
Brother Naren And Viren
We can understand your Frustration.What to do Barking Dogs never bites like Our beloved GO SWAMI.
Try to learn about ISLAM before its too late...so that you can secure you life after Death.
Alhumdulillah Allah is great. Allah knows better how to protect his people and Religion.
Naik given clean shit ?
Chaddi logonko mirchi lage tho hum kya Kare Sanghi chaddi RSS medias were hiding now uriyuttada burnol hachi.........
allahu akbar
Karen and Viren.....dont watch much versions of zakir Naik.....ull change too........you better keep barking so we can have some time pass in CD... every morning.....
Allah is with the true person.....and now need to see what the barking media says.......
Allahu Akbar, After checking all his videos there may be chances of police department convert to Islam.
Naren must be happy in Singapore...... or losing night sleep..... Now this GOO ( human shit ) SAMI should be arrested for defaming innocent Dr Zakir Naik...... Naren wish you happy eid.....
Viren,
Even if the intelligence arrest him. What can they do...
They can deceive People like U to hate more
But Majority of them got what Zakir is preaching to reach the one GOD ...
Dont stay away from ONE GOD who created YOU , ME and all that exists .. U will be a loser in the end.
Learn who is WORTHY Of WORSHIP also NA TASYA PRATIMA ASTI . it will stop hating others
AL HAMDULILLAH, Viren dont bark study islam from zakir dont go by on line, on line may you will get wrong information from Chaddi yahoodi jewish trying to bring bad name to islam, one thing who ever try to bring bad name to islam or hate islam ISLAM IS ISLAM god will defend no one can stop it, terrorism is Jewish culture islam will not support terrorism,
Hahaha. Maharashtra intelligence department is very shrewd. It knows how to trap thieves. Now it will say it cannot arrest. Once he comes to indian, then he will spend rest of his life in prison like abdul naser madani..
Alhamdulillah, Truth always wins. No matter Arnab or any other haters try to malign him.I think IRF should file a case against Times now and Arnab Go swami now, Its time to ban Times Now.
Most of the media is not publishing this news.All the haters of Dr. Naik please apply some Burnol to your A** so that you will get some relief.
Being an hindu. I have gone through many clips. But media showed only half truth. Which is dangerous. Dr naik only wanted hindu and muslims unite and love other. If this is wrong. Then i hate rss vhp...
They opened their own grave by bringing dr naik issue.
Al Hamdulillah....Allahu Akbar
Al Hamdulillah.. Allah is great.. Remember chelas and chaddis.. Dr. Zakir Naik has prayers from All Over the world Muslims.. In Sha Allah he will win because he preaches only n ONLY PEACE.. May Allah give him Afiyath.. Ameen..
Dear State Intteligence Dept. ,(Maharastra)
Please share your Investigation Report with Mr. Arnab Go-Bar Swami, Atleast we can Expect some wise sound from him rather than spiting venom in media.& Mr. Arnab Go-Bar Swami please get well soon.
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