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
IFF getting credit by the main person from Ullal struggled a lot behind this issue. nobody remember him. Finally the credit goes to IFF
Mashaallah great job done by iff
Masha allah great job done by. IFF.
ALHAMDULILLAH...
Tremended work done by INDIA FRATERNITY FORUM.
financially support from donors is highly appreciated.
may ALLAH accept all good deeds from all.
One of the noble act by India Fraternity Forum. And we must appreciate the NRI business personalities who responded positively to IFF call. Thank you CDi for the news..!!
From the bottom of my heart I really thank and pray with Almighty Allah to bless each of them whoever helped these fellow brothers to get release from the jail.
May Allah accept all our good deeds- Ameen.
Well done IFF and team! Following up a case for last 7 years is not an easy task. It is victory for team work, determination and patience.
Financial support from donors and victims family is highly appreciated.
May Allah accept the good deed from all.
Masha Allah. Great job
Masha Allah .great job
Al Hamdulillah after so many years of relentless efforts from IFF finally Allah has helped us in getting positive result. Hats off to IFF, we are with you.
Really great work May Allah accept our good deeds
Dear CD
Why did u edited the report. It seems that u dont want to highlight the efforts of Iff brothers in the report
My special thanks to India fraternity forum and business man for this great noble cause. Keep it up.
Great work by India Fraternity Forum (IFF), Jeddah, May Allah reward for your humanitarian Service. We have to appreciate IFF efforts because they are following this case since more than 7 years for this particular case. IFF team achieved this goal by the grace of Allah and well wishers as well as Indian Consulate service.
My special thanks to IFF and business man who supported for this great noble cause. Allah will bless you for this great job. Keep it up.
EIFF good work
http://www.daijiworld.com/news/news_disp.asp?n_id=377876
http://www.daijiworld.com/news/news_disp.asp?n_id=377876
Correct report ..
IFF good work , keep the good work
IFF doing a great work in GCC , ..
Alhamdulilha may Allah reward all the people who worked for it and even the donors who supported well specially Indian Faternity Forum.
Great Work by I.F.F
Great job done IFF jeddah Team..
Keep it up...
Great work by iff because struggling behind the case from 7 year is not so easy. This case finalized by iff without any political support . And one who donated for this will be appreciated and will get reward in sha Allah
Al hamdulillah
Tremended work done by IFF from last 7 years they are following case in filed work documentation every thing great...without IFF efforts it was not possible to release this case..they have done major case like Nelaydi Sulaiman 3 years back got released and Kakkepadau Tahaliah Case they fought with insurance company 5 years back.. finally insurance payed Orphans family SR 1.25 lakh. may almighty allah accept good deeds...special thanks to welwisher team
Good job IFF
Iff is doing great work throughout gulf countries. As I closely watched social work which doing by iff for Indian expatriates is really good and appreciable. In above case Aslo iff have done wonderful job and get great success to release them from jail. Congratulation to iff to get great success. Keep on serve Indian community. Good luck
Great work IFF....
Good work.
Alhamdulillah
Masha Allah Good job IFF
Keep it up IFF. Your effort is really appreciable.
Thanks IFF, Hats off for your efforts, several tried but you guys succeed. some times need extra power than money, hats off again.
Congrats.. Thanks to the authority
Should thank to the authority or the people who tried for the release made that possible
Allah's grace. Those who are believing in Allah, will not get suffered.
Al Hamdulillah
THANKS FOR IFF AND BUSINESS MAN
Congrats. Al Hamdulillah. May almighty reward all the donors including CD boss. the efforts of IFF is also appreciable.
Good news.
Add new comment