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
i want ask the government...the apex ,the judges (honorable)of hcourt civil court, and above i want all my lawyer brothers, please dont e3ver play with your profession ,REMEMBER SOMEBODY WATCHING YOU 24 HRS ,YOU ALWAYS PRAY TO AND U HAVE SHARDHA, TRY PROVE THE TRUTH ... WHAT HE WILL GET OR SHOULD GET, OR WHETHER HE WILL RELEASE ON BAIL.... PEOPLE MAKE JUDGEMENT..THANKS.
inspired from whome? head of the department?
Rather than killing innocent and those who do hard work.. The GAU-RAKSHAHS should target such kind of CRIMINALs who deosnt recognise even a 6 year old child....
EVIL is cheddis agenda... which will effect the society in the near Future if we did not voice out or protest against increasing criminals in our society...
Stop arresting innocent and start arresting the Real criminals who are out of trained in NAGPUR....
Please chop his tool immediately, Na rahe ga bhans na bajege bansuri
This may be a fake news! For AUTHENTIC & CREDIBLE news, please check Notorious Coastal Kannada daily, sure this man had a challenge with his wife to molest the child, he did not have any bad intention as he is Deshpremi and proud son of Gomatha, and member of homo brigade. Before reaching the jail he might have secured bail.
Naren, which community does this bas...rd belongs to.... so don't ever target or point out particular religion and hurt the sentiments.
This is the true colour of these Gau Rakshaks
They don't respect women and yet talk of protecting animal
Eager to see if people from pump well ,kalladka and kotian stage protest
One more feather in the cap of so called Nationalists. Sad part is the law of the land turning blind, dumb and deaf towards these fringe organization. Its beyond ones imagination that why they are not yet banned.
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