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
Well Done Dr. Zakir Naik. We had enough of this media misrepresenting the facts to please the people who are in power & spread the hate in common man, and help the fulfillment of the Hidden agenda of the corrupt politicians. Thanks for taking this great step. A peace loving man of any religion will support you...... Insha Allah Victory will be yours.
Please watch his team member junaid khan recent interview about his income and behavior with others
Even his conversion is well planned drama
This bussiness is much better than dargah bussiness
It is good that the media houses are being sued for defamation. Media should stop slandering and making false stories against people. Only when an FIR / case is registered, should they break the story.
This has been going on for such a long time and a stop has to be put. Arnab Goswami and his type have taken a beating out of this case. Even the government has lost a lot of credibility because of this case.
As per naik media aired his videos which are out of context to mislead the people!!!!!!
If so my question is then why zakir naik blind followers are urging other people to watch his videos in youtube if dey are out off context?...as per his followers if some1 converts to islam after watching his videos then its good for socity if he becomes terrorist den its out of context...hahaha
Shame on RSS agent Arnab Go cow swami,
you will not come up'' time will come your realy face will come out and public will spit your face,for money and power not lift up god know the reality and he is the planer.
Well done.. WE ARE WIth U Dr. Zakir Naik...
People are Fooled since decades with manipulating the facts and presenting to the public...
Presenting news with suits and ties and make up doesnt make anybody Good and Trust worthy... We should look at who is behind it... there are many corporations who play with the minds of people... who lobby all this evil propagands even the cheddis have fallen to this category.
We should teach this decievers a lesson...
But ALLAH has power over all things... Those who know ALLAH, will never be in FEAR of any situation.. May ALLAH make us one of them.. it is the greatest blessing from the CREATOR of all the Exists.
Insha Allah, you will suceed Zakir Saab, These dogs like Arnab gooo sami, Naren should be taught a lesson for ever...... WELL DONE. WE WISH GOOD LUCK....
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