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.
Mr Khader, who is also the minister for food and civil supplies and consumer affairs in Karnataka, said: Mr Modi has so much of concern over the developments in Balochistan, but is least bothered about the injustice that Karnataka is facing on this vital issue. “Is Balochistan more important for you than Karnataka,” Mr Khader questioned.
Comments
Balochistan may be important for him, may be next he will run for UN Gen. Secretary's post.
Another important thing from his speech, \When terrorists killed school children in Balochistan, Hindustan, Parliament had tears. Every Indian school was in tears.\"
But, what happened to his \"Tears\" when Gujarat terror happened?? when unborn babies are killed in mother's wombs????"
Really joky comments here by sangheez....utk please wait till our pm finish his world travel drama and selfie collection.....modi already called naren and Viren....trouble makers in the name of go raksha...ha ha...what more should the bhakts need.....shameless creatures ...
Do not put any dislikes or likes for the comments posted by Ve_r_n or N_r_n. Because more you put dislikes they get more encouraged to write provocative comments.
Naren, what a rubbish..... you cannot tolerate that a muslim is a minister....
Utk stop doing drama baazi ...u r fit for nothing ...we all know what u did when u worked as health minister ...35 rs medicine invoiced at 300rs ...hogappa saaku ...kandideeni ...if u r a powerful leader stand in the constituency where Indians are in large no ...u are winning election becoz of j_h_d_ votes .
Modi has no time to meet Siddarammayya to discss Kavery issue, but he has plenty of time to turn his flight to Pakistan and to eat biriyani with Nawaz Shareef.
Mangana kayyalli maanikya kotta haage aagide.
what can you expect from Moun minister....he will wake up during election time and give some speech to fool his blind bhakts like viren...by raising hand..fingers...
great Mouni Baba. never we seen such Mouni baba in Indian History. Manege Maari Pararige Upakaari
He may not go against the Supreme court... but... ahem...ahem...What about Yettinahole Sir?
Good points by Mr Prajwal. These days all bachchalis pose questions to Modiji just to get publicity. That's the power of 'NaMo Naamochchara'
Mr Khader!
You know that Karnataka is integral part of India. But, Modiji knows that both Karnataka and Tamil Nadu are integral parts of India. Where were you when Manmohan Singh was India's PM? Did he intervene in Cauvery row? Did he help Kannadigas?
for Karnataka people, Karnataka is more important than India....For Modi Baluch is more important than India....shame....
Delhi
Karnataka
and those states who doesnt bow down to cheddis will face injustice ...
But dont worry Truth will prevail even if the evil cheddis play many deception (temporary enjoyment for cheddis) to fool the public with fake IT cell of cheddis.
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