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.
Police have launched a hunt for Mohammed Shahnawaz, a student of Milagres Collge, who went absconding after thrashing Rev Fr Michael Santumayar, the principal of the same college, near his chamber on Thursday for denying him hall ticket on grounds of attendance shortage.
Comments
he should be hanged ,
This boy who assaulted the Principal should be given the severest punishment - a lesson to all not to think of such crime in their dream also. However, some BORN dirty filthy generation of people brought religion here. These scums forgot what their religion is - Who raped Tulsmi Mata, who kidnapped Rukmini, Who killed Sambhuka, why they push the widow to burning fire, one girl is married to one brother - the rest of male start sharing her why??? Why wife's sister is half wife and husband's brother is half-husband to you - Why do you force Dalit women pray naked? Are you animals or worse than them??
action is to be condemned , but sensible people will not bring religion into this. This Boy will be put in jail shortly and punished as per IPC.
It is in his blood...so what else we can expect....they don't give respect for women ...for them women means property....even don't teach sanskar ...just they train how to steal, stab and cheat ...once they reach adulthood they get him bike and hanky panky shirts and pants. One apple iPhone ...next day these guys will be on jihad in front of colleges with sole aim of increasing population. ..why this community never produces quality world class scientists .this is the main reason .
@Sangeet
completely agree with your thoughts. I pray Almighty Allah to guide you to adopt the teachings of the religion of peace.
Ladies n gentlemen... don't bring religion for individuals action... shame on u ppl for vomiting venom on a particular religion whenever u get opportunity.... anyway these kinds of ur negative propoganda never let down Islam rather its spreading rapidly.
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