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
If Constitution agrees then why these anti national chaddeez are against it. Going against our constitutional laws ..chaddeezz are anti nationals...find an island and throw these chaddeezz there and call it bajrangistan....and let them die saying bharath Mata ki jai...
people from all part of world, COMMUNITY & CAST are keen to know about Muslims lifestyle, our culture & our marriages because we are the center of attraction.
There is no compulsion in religion - Nobody is FORCING HER. That is the TRUTH our ISLAM teaches.
Come on Cheddis : Before U protest without knowledge. U too try to read QURAN. there is a special message to YOU guys, who R trying to make troubles in the society. But there is also forgiveness too for those who repent.
Y dont U read QURAN? When U read, U will come to know Y U guys are there in aggression... and anger without TRUE knowledge of any incident...
Y are U acting like DONKEYs as per YOUR cheddi leaders instructions.
Dont U use YOUR God given intellectual. Please come on guys . Use YOur intellect and read QURAN to understand better, who is behind such HATE that U guys are spreading.
CHADDI GALIGE BURNOL BHAGYA ....HEHEHEHE
Ma Sha Allah.. May Allah bless you both and we wish you a happy married life.. stay blessed and be happy always.. Prove the chaddis that they are wrong!
Maaasha'Allah... may Allah bless the couple with lots n lots of happiness....baarakallahu lakum wa baaraka alaika wa jama'ah bainakuma fee khairin aafiya'h
Parents of both families agreed, Constitution agrees, but Sanghi goons who are anti-constitution have problems. We Muslims know that there is no such thing as love-jihad in Islam and none of the Muslims ever practice such an immorality in the name of Islam to cause trouble. Neither do sensible Hindus.
May Allah Safeguard the couple and guide them.
BTW, It is Haram for Muslim Man to marry a Polytheist. Hope the boy and his family knows this too.
\ There is no compulsion in religion \" : said the liar"
There is no such a thing like love jihad....its a kind of lies filling in the minds good majority hindus by those protector of hindusm...in reality these so called protectors are the big drunkards....criminals....
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