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
he dint toook 34 lakhs with me i lied. b7t yeah he is a frnd of mine
i dint think my frnd navneeth would do like this. navneeth was a good frnd of mine he is a cheater nw he took 34 lakhas with me at 26 august cheater navvneeeèth......
Apparently, Navneet is a very ardent follower of Crime Patrol programme on TV. If people can raise fingers at Zakir Naik, and ban him and his teachings, and probe into his involvement in terrorism, then in this case, the channel and producers of Crime Patrol should also be charged with the same. I wonder where Arnab Goswami is hiding now!
What is the use of huge wealth, poor man killed by own people what did people involved achieved. We always talk of development education. What is meaning of education and development ? That old golden days we are far better than now where we did not had cc tv camera no proper road no public transport no powerful education institute but WE WERE SAFE ON THOSE GOLDEN OLD DAYS.
Hang all three ..shameless and merciless people
Tell the world that Naveen is impressed by Zakir Naik Lecture.
Where is the priest....arrest him for terrorizing that family..see which temple he went ..close it down..or ban his school....ha ha.....as you do with muslims
Very bad people, how can we trust this world...poor guy...
These people are family friends... We're all good people... I used to play with that boy as a kid.. I smell something fishy ..
Mage mallaye, Ammeg kullaye
He should have saved his life by staying in Saudi Arabia. India is not safe, people even get killed for having food, for honor, for rupees 15, for nothing, for rights etc.
Father rest in peace...
Someone make mother + Son piece piece...
Bastards.
need to give proper treatment to son and the mother , put inside the jail forever or hang them in public ...
from this incident all need to learn the lesson that even with wife we should not share all the details and income of our business .
Bhasker Shetty, an innocent face. The son built his body from his father's hard earned money.
Every father has to think twice doing any business with their own wife and sons ... Kaala Badalaagide.
Lost a nice husband, a nice father .. now stay in jail without husband, without father mother ... for long years.....
for what ???? for money??? ... thoo nim janma haalaga...
What a son!
What a wife!
What a priest!
What a society!
RIP brother Bhasker. You are gem. they dont deserve you.
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