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.
Speaking at a function organized by Minority Morcha (Krishanaraja assembly constituency) at Kalegowda community hall here recently, he said: "After independence, minorities had pinned hopes on Congress for growth. But that party used minority people as its vote bank and ditched them. Its contribution for the community's education is negligible."
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I think these ladies are either non-muslims and are in veil just for eye swash or these are paid workers who can do anything for money. If they are real muslims, they will never support bjp who is anti muslim and its already mentioned in their agenda that all members should work against muslims/islam. they are targeting muslims from all side and could not understand how these ladies and one Abdul Aziz is supporting this anti muslim party. I kinow that Congress has done nothing to Muslims, but bjp is bigger enemy of muslims than congress. Abdul aziz and these hired ladies might have forgotten that during the victory procession by bjp members they attacked Muslims, their shops, places of worships etc. Are these hired ladies and Abdul Aziz are blind/deaf or have sold themselves to bjp for the sake of some money. Shame on you ladies/Abdul Aziz. Dont act like Munafiqs. BJP is using you for vote bank also and will kick you out once they come to power. May Allah give you hidayat and right way of thinking. Dont ruin your present life and the life after death for money and praise/glory/appreciation.
minorities women uplift bjp after that BJP uplift you parda then you come to know the habit of BJP be aware of BJP and ABDUL AZIZ
congress jindabad, bjp murdabad.
all minorities should support bjp then only bjp can fully uplift india.
yes we know about this, still we support congress till our death.
bjp doing actually good for minorities, but congress always used them for vote bank, that they will never understand.
What bjp showed towards minority is more than enough....now since u hv been a silly post, you don't try to show off
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