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
It only shows that PROPHET MUHAMMED pbuh, the final messenger to the whole of MANKIND Spoke the TRUTH...
He said : In the end time LIES will be accepted as truth and TRUTH will be accepted as LIES. People are IGNORANT of the CREATOR that's why the EVILs find easy to trap the people With LIES and DECEPTION. ... Most of the people who doesnt use their intellect are falling to the LIES of the arrogant leaders.. and believing it as TRUTH... infact if we research what ZN says is all TRUTH and FACT from not only from Muslim scripture but also other religious scriptures.
But its a temporary enjoyment... for the falsehood... if not repented to God ... They will surely see that ALLAH's plan was the best. Muslims should be patience on their arrogance and fight lawfully.
But they plan, and Allah too plans. And Allah is the best of planners.
Who is the creator of this Univers and
the creator of you & me.
When people are busy in exchanging their old currencies, the Govt. is banning Dr.Zakir Naik's NGO and slowly taking over his Schools.
BJP needs place to hide their black money. So they are byforce taking over zakir's house to hide their money.
BJP needs place to hide their black money. So they are by force taking over zakir's house to hide their money.
shame on NIA who is acting on centre for their shameless ideology ...to curb a peace lover and a peace preacher ..... does it mean that every Muslim become TERRORIST instead of Peace lover like Dr.Zakir Naik ?
i think its time to become that soon . as INDIA will see bloodiest Civil War as RSS wishes to hold onto its 2025 Brahmin Rashtra agenda to come true (which is dream only) . but if ARMY is sasffronised only
Movement like Popular front, SPDI , komu souharda vedike .DYFI,SFI,CFI, Dalit Panthers, Naxal . pragathipara vedike will always there to defend the Nation from such foolish rulers ....
Jai Hind
Asaram Bapu and Zakir Naik both are same
Do you know how????
Their followers are telling that they are innocent and blaming government ...Ha ha ha
Dr. Zakir Naik is a student of Comparative religions. He preaches oneness of God, peace and harmony quoting verses from Quran, Bible and Vedas. Anti Islamic elements cannot equate him logically, and they cannot tolerate his popularity.
Targeting innocent Muslims or peaceful Muslim organizations is not at all a good step. Fascists with their biased policies will only harm the peace in the nation.
India being a plural society, Ruling parties or any other parties why dont you support the UNITY IN DIVERSITY towards the benefit of our beloved nation.
Good move by government...
I think this may be the one of reason for Demonetization of 500 and 1000 rupees, Saffron Government attacking A muslim daayi and his organization under the darkness of 500 and 1000 currency, Actually Muslim does not benefit much from Dr. Zakir as he is not a fiqh scholar, our non muslim brothers missed the opportunity to understand the truth through him, But nothing to worry, If Allah wish to guide one, No one can misguide him,
you can ban legend and great leader like DR.ZAKIR NAIK but you cannot stop or prevent spreading ISLAM all over the world. if you hold one DR.ZAKIR NAIK thousands of other DR. ZAKIR NAIK will come up with more powerful SPEECHES and awareness.
so stop doing unwanted activities and actions..
Dr Zakir should have come to India, since he is away from India authority has more chances of squeezing his organisations. if he is guilty court will punish him. it should not be the situation where he gave stick and ate beatings. Only Allah knows the truth and Allah will guide the best..
I DONT think he can do unwanted activities,
any way
Truth will prevail and evil will perish soon
Political Power is the Master key to open the doors of Justice. hope the Indian Muslim Community Stand together under one political Platform . then only can defeat the Fascist ideology. in india muslim's issue is not just the religious one, its full of Politics which Muslims never realized. let the community stand on their own. now the question is where are those champions of Secularism ..???
This is the lab test of communal anti India rss group. Now by false case they will start to ban other Islamic organization. They are planners are full training under Jews group.
Whole IndIan citizens aware of their intention devide and rule for the sake of so called upper case.
But God will by the supper of peace loving Indins it will not happen.
Now the young cm padnavi of rss more active with anti India policy.Hope hard woring Mumbaikar will stand with peacefull life.
Jai Hind!h3
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