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 we Muslims bow down , We bow down to only the lord of the worlds, a creator who created U, me and all that exists.
We must bow down in humility to Almighty God only, not his creation which is man made.
Physically we should bow down somewhere, and naturally to some direction. If we were to do it right now, we would be bowing towards a random direction. our physical presence on earth forces this upon us as a prostrating Believer to GOD almighty, whether you like it or not.
The bowing down to God Almighty in the direction of the KAABA or the city of Mecca in general is a way to UNIFY all MUSLIMS to bow down to God Almighty, as one body and one unity, towards ONE DIRECTION & towards the mosque.
As to WORSHIPING the cubic black bldg. the Kaaba, We absolutely DO NOT WORSHIP IT.
I will repeat what aharkul mentioned : Umar RA came near the black stone and kissed it and said \ NO doubt, I know that YOU are a STONE and Can neither Benefit anyone NOR Harm anyone. Had i not seen ALLAH's apostel (Prophet Muhammed pbuh) kissing you, I would not have kissed YOU.
While there are traditions about kissing or touching the stone, its real significance is a MARKER of the point at which one starts the tawaaf (Circumambulation) .. A stone is just a stone."
Mr. Nothing But True, Listen Why Muslim Kissing the black stone in KAABHA because our Great Prophet (S.A) kissed the black stone which is braught from Heavan by Angels. Becuase of this only all Muslim Brother's and Sisters kissing Black Stone of Kaabha following the sunnah of Our Prophet (S.A.) Nothing Else.
Umer (R.A) before kissing the black stone said that there is no any special with you . I am kissing because our prophet (S.A.) kissed you. So Everyone should worship one god and not the creation.
Mr. Reality..you look like \Shishlya\" of Mr. Zoker Naik..before preaching others about Creator and Creation, why can't you apply this principle to yourself? WHY ARE YOU KNEELING TOWARDS AND KISSING \"THE BLACK STONE\" IN KAABA? Please throw the stone to Garbage..."
NA TASYA PRATIMA ASTI... There is no image of God
Bhagwad Geeta says in Chapter 7 Verse 20.
Those whose intelligence has been STOLEN by MATERIAL desires WORSHIP demigods besides the TRUE GOD.
It is mentioned in chandogya upanishad, Propathaka chapter 6, Khanda seciton 2, Shloka
EKAM EVADITIYAM : He is ONE only without a second.
Then Y are worshiping idols and different man made creative gods which cannot help themselves.. How can you guys not using your intellect when your OWN SCRIPTURES says not to DO SO>>>
Its HIgh time hindu brothers should know the REALITY and consequences it will take when we ignore the CREATOR and worship the CREATION.
WORSHIP THE CREATOR NOT HIS CREATION.
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