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
How to apply 4 this scholarship
I have completed 2nd PUC with 83% ...how can I apply this scholarship ?? Please guide me !!
I have completed 2nd PUC with 83% ...how can I apply this scholarship?? Please guide me!!
I scored 70% in 2nd. i belong to 3b category and our annual income is 6000 . Then how can we get a scholarship..?
iam a obc candidate and i pass tenth so i apply merit scolarship so lhelp me
plz
SIR
I scored 86% in 2nd pu in 2018
how can i got scolarship
my income is 20000
my caste is OBC(3A)
I completed my 2nd pu with 89.5 percentage ,how can I apply for this scholarship , please guide me
i have two daughters elder one has passed puc with 65% and younger one has passed sslc with 82% marks. kindly guide us for scholarships
I passed 2nd puc in distinction,how to apply and get scholarship
sir please tell me how to apply for the scholarship
i passed my 2puc in 1st class, how to apply for scholarship
My got 91%.how to apply the scholarship
I passed 2puc in 1st class how to get scholarship
Dear sir,
As my daughter scored in 10th state board exam out of 625/616. pls guide for scholarship process... i am Jain swethamper and service class person so it will be
more helpful to build her carrier
How to apply for this scholarship sir? and when is the deadline date
sir hw to apply fr this and whn is the applying dte
Hi, my daughter Tina Alex.L got 91% in PUC. She need to do Engineering, we are belong to 3B catergory. our Annual income is 80000. for futher studies can my daugher get scholarship or education loan. kindly assist.
Annual income is 11000 so i need schloorship for my higher studies
Respected madam/sir I have completed my 2nd puc with 91%, now I'm doing CA it would be great help if you provide me financial support, and my dad income is 10000. Your help would help me to grow for higher studies.
Please gave me scholarship for my higher education
Thank you sir/madam
Pls help me how to apply for OBC 2A Catergory . for studies in aborad. Pls lets me know the application details.
thank you
How to apply?
Tell me about scholarships
Parents annual income 15000
CaiRP6
How can I apply for this and on which site the link is available
How to apply it and what's the last date??
HOW TO APPLY THIS
HOW WE APPLY FOR THIS
How to apply for this
Student annual income is 11000
Hw to we apply fr ths
last date for applying this scholarship in 2016
Pagination
Add new comment