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
Dear Search Truth
Dont forget that because of sufi saints only your forefathers got to know who is Allah his Rasool SAW and the quran and got opportunity revert/embraced to Islam.
we are also sure that if we follow sufism definitely we get madad from Allah
community is divided because of some khabees and very sure this people are the agents of Israeli with beard weird shakal.
haha isis creation of israel anthe , alquaida CIA anthe , Kurdish peshmerga and nusra front mossad anthe , hezbollah iran anthe , mostly nimmappa nu israeli ne irbeku . hahaha ... love to see salafist and sufist wars ... salafist who are mainly funded by saudi ar strongest supporter of wahbism , so terror is in their blood . makla nim fault nimge gottagthane ilvalla ... third rated rogues
Dear Imran..
Are you sure? Dont divide people in the name of sufism. ISIS is linked to israeli agents and Media is portraying islamic... anyway dont be deceived by both the israeli agent and the media. Both this is run by the certain evil agents which is trying to destroy Islam by deception and LIES (which they will never succeed)... Till now U believe what is said in the media.. EVen after so many BIG LIES...
Just follow the QURAN and prophet Muhammad pbuh , You will not find any terrorist...Unless people start reading QURAN which is for Whole of MANKIND from our LORD... its veryvery EASY for the evil agents to DECEIVE those who are FAR from the TRUTH.
Believe in Sufism which will save the world. Spread the message of Sufi saints which is universal brotherhood. If all of us follow Sufism then there will not be any terrorist in the world.
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