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
Smart administration would do the required work done and send a bill to MRPL......and give them a deadline to pay or face closure consequences......
i request mayor to please do the road work soon, its a totally waste to wait for MRPL to do the work, they will file the case to sc and road work will be pending for almost 20years,
yenchi savuda road marre, bega sama manpule pokadijjandala yerda yerda nattunek, kass ejjida bele ejjandina employees deppule.
really a worst road
ora bega sama manpule MRPL dakulu road g kass paduna athete undu.
It's true that MRPL vehicles are doing most damages to this road and it's their social responsibility to keep this road safe and drive worthy..coz of MRPL, locals suffered lot..atleast this much favor MRPL should do..
Mayor Saab dont forget that this road is part of MANAGALORE corporation and locals pay tax to corporation,,so atleast you have to repair it temporarily until MRPL fix it for permanently. now its condition is pathetic...and need all elected members to push MRPL to do the needful immediately. Both our MP & MLA are in deep sleep..pour some water on them also so that let them wake up..
Good move Mr. Harinath, rather after 20 days don't let the vehicle going to and from of MRPL to use the road unless cleared by MRPL.
good move this plan should be implemented everywhere, and more thing i agree they used road more in that location so it got damaged, what about the normal two wheeler and all like time road tax u will receive and vehicle will not run that much whatever u charge is more than that, always common people suffer.
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