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
..you admin, no need to edit my post, if you dont like then delet it, dont act like maron
if you again play with my comment, i will completely hack your website & make an hyperline to porn site.
Expecting police dept immediate action and real person and his supporters /sponsors details. Fact ,
this is not any individuals comment Seems like planned sedition. A peace loving ;A Gods Faith percon never come up with such worst comments.
we all know who is ananth kumar
no need to celebrate here, death is death who ever it may be, he is human being who was created by GOD.
Wat dodanna said is correct, but i want to add some points too. There are many chaddi groups which are continuously spreading hatred against one or two religions! I request Mangalore administration to look into all such groups (both side) and ban those groups!! In short i want to see Facebook itself getting banned in Mangalore!! We can leave in peace if this thing gets banned!
No muslim will give bad comment on any dead person. I am sure that bad comments by Mangalore Muslims facebook admin is created by anti nationals to defame Muslims. I am also sure that this face book account is established by same group who are behind creating Indian mujahideen, love jihad etc which are totally false and do not exist in reality. These are only imaginery organisation created by anti Muslims and anti Indians. Police should catch the real admin of Mangalore Muslims facebook account and do not arrest innocents just to fill the blank. Strict action should be taken against the culprits. In the meantime, i extend my heartfelt condolence to the family of deceased Anant Kumar. None should have right to criticise any dead person.
Now in this advanced technology and system it is easy to trace out such culprits. Police department must immediately take action against such person.
If the dept neglect then such incidents will repeat again n again.
Crtisizing and giving bad and communal comments against dead person and against wise rulers are now a days more and more in India.Even some news channels also supporting to such thus.
It is not accepted.
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