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.
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EVM or VVPAT all under bjp criminals control. For a fare and mandate only BALLOT sytem is the rigth option. Who ever it may be win,no matter we all need a fare system. Each area wise ellection commission must decalre no.of voters list to all party leaders and each poling booth ONE representative of each political party allowed to verify the name of voters and no moblie phone or electronic device allowed them to carry. After election, strong room to be sealed in front of candidate with their signature on the strong room seal. Security to be included with district police;CSF and BSF members. A limited member of each politcal part to be permitted to watch with a specified distance. A fire brigade unit deployed souround the building with advnaced rifle. And their position should not mingled with other security personals. No public gathering allwoed to move around area or permitted to gather. Counting day strong room unsealed after a thooughly
inpseciton of the whole building. These are the main procedures electioncommission must implement.
Ballot box tranportation to under BSF vehicle Befor moving representative of each party permitted to inspect the vehicle. Whether any dirty game set up by the note anti India criminals.
Before 2019 election, all peace loving INDIANS must stand toghether demand or force election commission to implement the best security procedure like above.
Today fake voters least proved in MP and this diecease may spread all over INDIA very soon by the criminals.
So be care full and start the ground work at the earliest.
Last election result of South Kanara & Udupi was a pre planned EVM tampered result.
Very next day of the election few sold channels are came out with some dirty comments in favor to one particular party. From last 4yrs we all Indians observing.
Jai Hind!
Go ahead Mr. Lobo, lets begin from Mangalore.
Yes Mr. Lobo is absolutely correct.
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