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
First attempt failed..... Maharashtra govt. Gave clean chit...now BJP center running behind Muslim schools and scholars......khujlee of people flowing in to Islam...no one can stop this if god wills....
FIRST BRING THE MALLYA TO INDIA
THEN FOCUS ON THE ZAKIR NAYAK ISSUE ,, ONCE POLICE GAVE HIM CLEAN CHIT RIGHT AGAIN THEY MAKING SOME DRAMA FOR DR ZAKIR NAYAK...
Haha Try hard RSS terrorists. Hand in Glove with Cow Swamy. Whatever you do, Cowswamy has to pay 500 crore to Dr. Naik.
India belongs to Muslims as much as Hindus. We need our own Main Stream Islamic Channel in India. This is our constitutional right. We Muslims must fight and come out on the street for following channels to be shown in India Makkha Channel, Madina Channel & Peace TV.
We Muslims has to work hard for Da'awa in India. Distribute Islamic CD's on comparative studies to non Muslims so that they can Judge between right and wrong.
We will wait and watch extent of RSS terrorism. Gulf countries should freeze RSS terrorists & Sympathizers accounts. They should put pressure on US govt to declare RSS organization as terrorist organization.
In Sha Allah End of Times Now Channel & Cowswamy. I have serious doubt on Maroof raza (Times Now Consultant) whether he is Muslim.
Mr. nothing but truth, for you he might seem like a Joker, for Allah dr. Zakir naik is his obedient slave, and Allah loves his slaves like anything which is beyond the capacity of human being's imagination. Fear Allah, fear the torment of Allah, if you don't know yet, refer to the holy Quran just once. We pray almighty Allah to protect dr. Zakir naik and in sha Allah you will see. Allah says in the holy Quran \Wakul Ja al haq wa zahkal batil, innal batila kaana zahooka\" The truth has arrived and the falsehood perished, Indeed falsehood is bound to perish."
Now let Mr. Joker Naik present his illogical logic in front of court. He would then understand Court is not a place to bluff as he does so often among innocent half-educated public. The heat is on..
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