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
LOL...kuchbee, he is the biggest shit of india..GOD is pure, mercfull & good, this man try to show off that he is with hindus, becarful my dear hindu brother he may change his mind based on the situation. like this people are called marons of 21st century.
words cannot express for this man s. statement , he was dreaming in the daylight
Sita came to his dream and she might have told that Rama is fedup of the Jungle life now he need one place to settle down and to have good rest in his rest of the life.
About Shias all are have one openion that shias not considered as Muslims they are another part of Kuffars.
Why this guy is playing with the sentiments of Hindu Brothers, Although i am a Muslim but we should respect other religions too and their sentiments. When More then 100 crores of our hindu brother and sisters pray him and he is so powerfull then why lord Ram will come in his dreams. May be time or place is not perfect for him to stay on that perticular place. if lord Ram would wish he can accept prayers of crores of peoples and settle the matter.
cant expect worse than this from a bhakt.
chacha....fear Allah before its too late
First of all, does the God cry. If he is crying he can not be God.
The one and only true God will never come in dream and will not cry.
The real God is never be seen NOR imaginable to anyone.
This is the attribution of Ture God.
Let us say for the sake of argument, he has dreamed. It does not mean it is credible dream.
The dreams are 2types True dream and fake Shaytani dream.
About this man who is controversial already in the past, has always been trying to get the mercy of Hindus. He wants to be closure with them.
He is selling his Islamic values of true belief for worldly gains. He is Munafiq
God knows how Shiyas have selected him to be their head of waqf board.
This is the true picture of Shiyas. No basic knowledge of Thoheed/ Oneness.
May God guide them.
I think this is the chamatkar of desi brand. If you start drinking foreign brand before going to bed Lord Jesus also may visit you soon!
Please give a bit more explanation about the divine-human encounter. Rama was alone or Sita was also there with him? Did he go soon after expressing his sadness before you or he also had food with you before leaving?
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