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
Ley ali ...4 options kottu ...72 mele sigathe antha heli ...massage maadsi ...kaas kottu ... masha Allah ...antha helisbahudu ankondiya ....hahaha ..antha tapori alla kanayya ....naren kotian daaaaaa.....
Masha Allah
Naren will accept Islam by next year, insha allah.
His new name will be Muhammed Naren.
Naren,
Muttalrige estu helidru artha agalla, avarige avaradde raga,
We have thousands of Indian nurses working in Saudi Arabia mostly from Kerala and mostly non-muslims, But, only a very little percentage have changed their faith,
What you are mentioning here is all false, bogus and baseless,
Inchu illah ..massagu illa ...I have seen plenty of filippinaa and Nepalese who shifted to Singapore and Thailand after working in Saudi. ..to gain benefits they do ..non Muslim find difficult to get benefits when compared to jihadist...so it is temporary ...once they are back they are back to boom boom style ...I have met 2 escorts till now from Philippine . ..both had Muslim name. ..business ge ashte ...women nurse galu Saudi nalli kelsa madakke first convert agbeku ...illandre ...hardcore patients muttiskollodilvanthe.... Haha...even I have learnt about Islam and have one pseudo name to deal with Muslims ....it is purely for business's... Bari incoming alla swamy....outgoing bagge Matadi ...haha.. .u want me to show iskon Muslims ?
Syed,
When the people who associate partners with ALLAH revert and Worship ALLAH alone... They are already be forgiven for their Past Sin. ALLAH is most forgiving and most merciful....
May Allah forgive us and make us one of the inheriters of the Jannah.
ALHAMDULILLAH, MAY ALLAH SWT INCREASE THEIR IMAAN.AND FORGIVE THEIR PAST SINS. AAMEEN
Islam is the only religion accept by the almighty ALLAH (God) . Please make a research Y God accept only ISLAM. There is a life after death... We Muslims know that and U never understand this cos the Guidance comes only when U learn about the CREATOR who created U, ME and all that EXists...
Read QURAN with translation... U can also check online , i prefer Quranproject which is well explained to those who dont know about ISLAM and the one GOD who is the God of all that exists.
Finally Read it and U also have the choice to accept it or Not ... There is no compulsion in Religion... (What a better way Allah gives u the choice to accept it or not)
Islam is a true religion there is no place in Islam for Nama, Rama, Duma, Thoma and Roma all the prayers for Almighty Allah and leave and live for Allah, this is not only in Saudi all Muslim countries Non Muslims attract to Islam, one who see true Muslims and their believe in Allah they accept Islam..Insha Allah Islam will spread every where. Non believers and terrorists who do terrorism in the name of Islam will disappear one day Insha Allah
Dear Brother Ahmed, I agree with your comments.. But we cant throw stones for all dogs which keeps barking on roadside right? Bolney waley bolney do jo aney waley ayengey.. Cos Islam is such a religion if one non muslim goes deep into Quran he will not be non muslim later.. In Sha Allah many more to come in future
AlHamdulillah
Allahu Akber
Ma Sha Allah.. Welcome to Islam brothers and sisters.. May Allah bless you and all..
Burnol Bhagya for some :D
This kind of news will give sleepless nights to Sangh Parivar, Now they will come up with the comments like:-
It's done by the force of sword
It's for Jehadi purpose
They accepted Islam for monetary gains
Blah, Blah, Blah
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