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
ooy moothi
shut your bulshit RSS preaching with u, dont vomit here
Dear Vijji
this move is not Anti Hindu, Its Anti RSS or (andh Bakth) i loved this move..
Good Move by WB Govt.
In Mamta's Bengal Kolkata High Court is kept busy by Didi.
If Hindus are not allowed to live in their own country India that is Bharatha, where shall we go? Since Nehru's family is a mixture of Christians and Muslims, and ably assisted by Ahmed Patel, there is a plan to hound out Hindus from their own country. In karnataka, Sonia's congress government is planning to close all government schools making way for Christian Missionary schools as per the instructions of Sonia.
Mahajati sadan is n't the Party H/Q of TMC to block any public meeting like that of
RSS/BJP.Democracy can't work at sweetwill of Mamataji.In politics no body is a friend or
foe.Perhaps TMC is counting its last days in power.
West Bengal is fast turning into Darfur area of Sudan, and parts of Syria and Iraq occupied by
ISIS. Basically we have the same Islamic ideology ruling west Bengal as other places
mentioned above. With porous borders we have thousands of Jihadi fighters entering everyday
from Bangladesh. As long as they pay homage to this megalomaniac called Mamta, the Jihadis
are allowed to Rape, murder and pillage at will. It is very strange that this occurs in 21 century
India.
Mohan must confine his talks only at RSS meetings where he is welcome and appreciated
Still Bengalis are happy to support Anti-Hindu Mamta begum.May be all bengali Hindus already
converted to Islam mentally I believe.
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