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
Jihadi MLAs of Mangalore are hell bent on supporting these muslim extremists. No action taken on people vandalising the property of innocents. What these fools are doing in the hospital?
Come on guys grow up, Let the people of city live with peace and love.
If some one is attacked, then don't take any revenge.
Let the police handle it. Why are you guys taking law on your side and breaking public properties.
why security now, whatever they wanted to they just did it.
Bajrangies dont have any work to do....why dont they take some brooms and clean the city so that they get good wishes from people as well God....by creating problems, they aren't gonna achieve anything in the world at all....
bajarangdal people are simply making nonsense and not letting us to leave peaceful life. please ban all the sangha parivars
kachadi saieeri
Until unless there is a strict law and no bail , this will not stop.
Please do not disturb peace lovers, punish whoever it is and do not give bail, no community supports this type of disturbances, please do not name any religion, just join to punish whoever the trouble makers.
And fight for the law and order to the long term imprisonment.
look at them they are sleeping simply in the hospital. simply making conspiracy.. all flowing because of congress support.
1week continues bundh needed :)
congress ruled mangalore, this s common to hear.
look at the property they damaged, they are shockingly watching.
shoot the bloody goons whoever damages public property.
some group of people want thr stick to handle, for that everyone should bare the loss of this bloody goons.
Faisalnagar, ullal ruled by PFI. beware
why simply damaging the public property, seriously what are they getting after doing like this.
this bajarangdal people will not allow normal people to leave happily everytime making noise in the society.
seriously how dare are they to damage public property
please not again.
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