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.
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Once the cow became sacred and the Broken Men continued to eat beef, there was no other fate left for the Broken Men except to be treated unfit for association, i.e., as Untouchables. There was a time when the ancestors of the present day Untouchables were not Untouchables vis-a-vis the villagers but were merely Broken Men, no more and no less, and the only difference between them and the villagers was that they belonged to differ
Naren and Viren.....if you dont like the journalism of CD why waste your time here....Go and read any RSS note books...you can learn more hatred....and Burn your GAaf........and then Use Itch Guard...
Hey has keep there women in burkha ha ha
Days to come (In-Shaa Allah) all the LIES and Deceptions of Hindutuva terrorist will come out.
The Dalit should not fear in exposing their Discriminations... cheddis hold outs are getting fired from the bottom... and they already started feeling the burn when muslims started to oppose their discrimination. We Muslims & Dalits should unite to fight their discrimination agenda... We Muslims know their hatred propaganda.. but WE believe ALLAH will take care of their evil agenda. Till now we know many things are exposed. When it is out of their hands they resort to acts like Cowards like killing.
ya ya .. CD digest journo ( i dont think he has passed journalism course ) has seen and was seeing Beeef eating of HJV ... cmon guys .. right sensible articles ...
may be this cow has got married to bull
The same Gujarat dalit was used against Muslims in Godhra communal riots. Big fishes supplied all the weapons to Dalit prior riots and Dalits used that opportunity more than big Fish's expectations. Thousands of lives irrespective women, child, old age, youths, teens burned everywhere and thousands of rapes, loot since law and order tied up by Gujarat CM.
World beef exports - Ranking of countries.............
1. India
2. Australia
3. Brazil
4. USA
I think it is better change their religion to Islam....where they would get desired respect and dignity....there is no upper and lower caste in it....Well come guys!
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