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
First of all this hypocrite leaders of BJP are instigating violence in peaceful DK
Ayyo Shobha ....nimde sarkara iruvaga nimge madakaglilla ....hagantha helthidda V.S Acharya ne gotak andbittru ....RIP
anyways ...to ban anything . you must have the right reason which you people do not have ....and court is not that much weak that any one can do anything
viparyasa enandre ....Ashraf koleyadaga ildidda sittu sharath koleyadaga ummalisi horag bandbitthu
hahahaha shobakka, read the statement from our home minister of karnataka, that communal tension in DK is creation of bjp not police.
#stop vote bank politics#
Ban PFI ? Is it a solution? They are lakhs of PFI members in Karnataka alone leave alone India.
They will join or make a new group or name.
Provocative speech by RSS leaders, Gou BD lynchers , arms carrying terrorist camp organiser Sri ram sena . If the police and the political camps had taken care of them long time ago , our beautiful Mangalore would remain peaceful.
Lack of political will from Congress banning and barring hateful speech is the main cause. Don't let Karnataka turn into hinduvta laboratory.
Take care of RSS, PFI also will disappear.
Idondu bere jaati illa mata illa
Madam include Bajrang dal also in your letter and remember you represent s all community
Shoba aligning on pfi & kfd without any proof I am asking shoba you are leading this rss terrorist and its ruthless branches of bajrandal.vhp ect.. they killed Mahatma Gandhi. And now ur pm narendra modi when he was cm in Gujarat state he is leading to kill more than 2000 innocent Muslim's brutally and killed pregnant women's children's and raped elder, younger without any age limit at that time where you slipped ur eyes and ears are dumped. And all over India communal crisis and killed thousands of Muslim your godfather lk advanis rath yatra. And demolished Babri Masjid court accused most your senior leaders where are you that time and in the name cow so many Muslims killed brutally your tongue not uttered a single statement. we well know u & ur terrorist RSS organize this is not an enemy of Muslims its enemy for humanity. go enjoy with yeddi useless politics. chair heaters.
Add new comment