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Kumaraswamy invites US businesses to invest in Karnataka

Agencies
July 3, 2019

Bengaluru, Jul 3: Showcasing Karnataka as a favourite investment destination in India, Chief Minister H.D. Kumaraswamy on Tuesday invited US businesses to invest in the southern state.

"I seek your investments in our state, which offers huge opportunities in manufacturing and services sectors for US businesses," Kumaraswamy told investors at a seminar in Maryland's Silver Spring near Washington.

Though on a week-long private visit to the US since June 29, the Chief Minister addressed US investors and NRIs at the seminar on "New business opportunities in Karnataka", organised by the US-India Small and Medium Enterprise Council.

According to a copy of his speech shared with media by the Chief Minister's Office in Bengaluru, Kumaraswamy invited US businesses to participate in the 'Global Investors' Meet' the state would host in January 2020 on opportunities, incentives and facilities it offers to potential investors.

"I seek your participation to make the Global Investors' Meet a success as it is meant to attract investments from domestic and overseas firms with global linkages for job creation," he said.

Holding his state was ready for business as never before, the Chief Minister said his coalition government made doing business easier and smarter by ensuring 98.6 per cent compliance to the Business Reforms Action Plan norms.

"Our government is drafting a new industrial policy for 2019-24 to offer a robust ecosystem to spur economic growth, create jobs and make the state a global manufacturing and services hub," he told the gathering.

Claiming that Karnataka was ranked first in the country to attract investments and Bengaluru rated as the world's most dynamic city, Kumaraswamy said the state's growth was due to its pro-active, business-friendly policies, good infrastructure, skilled manpower and ecosystem for nurturing innovation.

"Karnataka contributes 50 per cent to the country's machine tool production, 39 per cent to IT exports, 67 per cent to making aircraft and helicopters for defence services and 33 per cent to biotech exports," he said.

The state is also at the forefront of next-gen technology such as block chain, additive manufacturing, 3D printing, robotics, nano-technology, medical technology and genetic engineering, he said.

"We are undertaking comprehensive reforms to ensure seamless and time-bound processes for project approval, grant of statutory permissions and licenses. Our transparent policy initiatives are aimed at providing support to new industries and entrepreneurs.

"We are determined to ensure our state leads in the Fourth Industrial Revolution and use the power of big data, high computing capacity, artificial intelligence and analytics to digitise manufacturing in the state," he added.

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News Network
August 9,2020

Bengaluru, Aug 9: A youth was killed and three others injured as a pillar of an old temple on the outskirts of Bengaluru fell on them as they and five others dug under it in search of treasure, police said on Saturday.

"One treasure hunter got crushed under a pillar, three suffered injuries and have been hospitalised while five are on the run," a police official said.

The incident occurred at a centuries-old Anjaneya temple in Hindiganala village near Hoskote, around 50 km away from the city, on Thursday night.

Suresh, 23, got crushed to death while Manjunath, 23, Srinivas, 22, and Sebastian Raja Rathna, 22, were injured.

Following the unexpected accident, the injured treasure hunters called a 108 ambulance, leading to the entire incident coming to light.

The ambulance staff helped the youth stuck under the temple pillars and took them to hospital.

Police have registered a case under various sections of the Ancient Monuments Act, the Karnataka Treasure Trove Act, and the Indian Penal Code.

According to the official, local youth the village as well as a nearby village were involved in the hunt.

Police are on the lookout for the five treasure hunters on the run.

However, the police official said that it was an old ruined temple and there was nothing there.

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News Network
May 3,2020

Bengaluru, May 3: Five more COVID-19 cases have been reported from Karnataka, taking the total number of coronavirus cases in the state to 606, the state government said on Sunday.

The total number of cases includes, 25 deaths and 282 discharged.

"Five new COVID-19 positive cases have been reported in Karnataka from 2nd May, 5 pm to 3rd May, 12 noon; taking the total number of positive cases to 606 which includes 25 deaths and 282 discharges," the government stated.

According to the statement, out of the five cases, three have been reported from Kalaburagi and two have been identified from Mudhol.

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News Network
April 17,2020

Bengaluru, Apr 17: The Karnataka government on Friday asked Information Technology, biotechnology and allied companies not to go for closure or layoffs citing lack of work orders due to COVID-19 lockdown and instead consider measures like cutting salaries among other things.

It said IT/BT companies in the state can resume operations with 50 per cent from their office space after April 20.

Deputy chief minister C N Ashwath Narayan, who is also in charge of IT & BT department, held video consultation with the captains of the industry in light of the disruption caused due to the lockdown, and discussed on the way forward - both for effective implementation of the lockdown as well as the future course to deal with the unique circumstances.

"Immediately we are going to permit 50 per cent, but it doesn't mean that they will be able to mobilise 50 per cent immediately. It will take few weeks for them to do so. Gradually percentage will increase and it will start getting back to normalcy," Ashwath Narayan told reporters.

Stating that there were discussions regarding layoffs, he said, companies should not go for layoffs, instead of that gradation or deduction in the salary should be taken up, so that it doesn't affect the functioning of companies also that are facing less orders.

"On handling such financial crisis they (industry) wanted government consideration with mutual cooperation and understanding the concerns," he added.

Pointing out that concerns were also expressed regarding measures or protocol that needs to be followed if any positive cases are reported in any of the office spaces, Ashwath Narayan said, certain guidelines will be issued in consultation with the Health Department.

"Once the relaxation is given this may become the usual phenomena, as cases will be reported here and there... so in that scenario how we need to work and handle the situation is important, so we will be working on protocols how to handle the situation. So far we have planned for residential areas and not for work spaces," he said.

The deputy chief minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka, particularly IT/BT department.

Even during this crisis period in the entire world, Karnataka and Bengaluru were able to get a good reputation and become reliable partner, as IT/BT service providers in both the city and the state were able to provide excellent quality services to their clients without any interruption, he said.

If you compare with any state or country, we have done extremely well, and hope that this would get more business, he added.

Biocon chief Kiran Mazumdar Shaw, Infosys co-founder Kris Gopalakrishnan, who is also the Chairman of Vision Group IT, were among others present at the video conferencing.

Noting that concerns expressed by the industry regarding passes for employees to commute to office, Ashwath Narayan said, the government would make necessary arrangements in this regard, considering measures that need to be taken after April 20.

Regarding providing transport facility, they can seek for services from public transport Bangalore Metropolitan Transport Corporation (BMTC) on a contract basis, he said, adding that "We will be ready to facilitate BMTC."

The minister said the industry leaders wanted internet services to continue with the same quality and without any interruption.

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