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
South Kanara police are doing wonderful job around...now they must take action against those bajrangies who had done ugly job around this incident....
In this case book the hate mongers and levy heavy penalty on them. They should be jailed for not less than 10 years with penalty of not less that 50 lacs for the loss of property done by the follower of these hate mongers. Take away their voting right and kick them out of karnataka.
If there are no instances of forcible conversions, what action they are going to take against those who accuse without any evidences? What action they are going to take against those hate mongers who incite communal hatred by using falsified allegations? At least a warning that it won't be repeated again or an public apology?
Now a days, Poojary's, Shankaracharya's Are converting to islam.
https://www.youtube.com/watch?v=3rJZWrX-fzk
Crorepati acharya Sanjay dwiwedi, who converted to islam, and preaching islam. Now leading a common life
@viren
UK's No 1 News channel
http://www.dailymail.co.uk/news/article-1343954/100-000-Islam-converts-…
There is no force involved to convert to islam in anywhere of
If nothing is found by the Police, then why these dogs are barking in Kalladka ???/ ...
Dear brother Viren Naren
Please use your intellect that God has given U before it perishes with God's permission... Atleast PONDER on what PREM says and research on it before spreading your VeNOM without knowledge of ISLAM in this forum...
TRUTH will prevail however u try to deceive people... Anyway try your best but also note that U need to look into QURAN before making enemies with the TRUTH.
Without knowledge of your enemy ... U look Dumb.
Viren Kotian,
Who's forcing you to accept Islam???
But, you can be booked for inciting communal hatred between communities using this forum.
Prem and true (anti) Indian are doing religious propaganda here. coastaldigest.com should not entertain such comments. This is not a religious forum. They are encouraging religious conversions. DK police should take necessary action against such comments.
ISLAM is the only religion accepted by God...
Eternal life begins when death happens...
Dont worship the creation of God, thats the only sin which will not be forgiven by God... (associating partners with God...)
Know who is our CREATOR before bowing down to created things..
God is merciful and most compassionate... A honest heart will find God if his intention is right to know about God...
To know about God and his attributes read religious scripture specially the QURAN (the quranproject online) a manual to MANKIND... Read to understand about Creator not to Hate... please, as a human brother ... keep away your hatred and make effort to know who is our CREATOR rather than falling prey to some hate mongers...
USE YOUR GOD GIVEN INTELLECT...
Surah barakah 2:256
There shall be no compulsion in [acceptance of] the religion.
Forcing anyone to convert is not allowed in islam.
No other religion book says so.
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