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
Dear Ravi Shankar, where were u when hundreds of muslim women were butchered in Gujarat, why cant you give justice to Ahsaan Jafry wife, where is Najeeb and why are u closing eyes while Najeeb's mom is requesting for justice. You are a crocodile and Lomli. You have already fooled Naqwi + Shahnawaz and trying to fool others also. You will not get success in this. You are a hypocrite and opportunist. You may marry those women who are contacting you regarding the issue as they are not respecting Islam and may be ready to marry you.
First give justice to Mrs.Jaffery for burning her husband alive. Give justice to honorable MP E. Ahmed's family for disrespecting his death.
In islam women's are getting more respect,dignity and protection than any other religion. Study religion of islam in its right path then you will understand the beauty of Islam.
Mr. Shankar, let us discuss about this subject after UP election....not a nice time...you are speaking just to grab votes from muslim women....
Mr.Shanker say our PM to respect his wife first nd then say our party to respect women. I think you forget Mangalore pub issue. Everyone respect women. No one is perfect here.
Wonderful Masterjee, which part of the world you had been, bap ray bap Are you Law minister of Hindustan??? so first you learn Hindustan ruling Law, do not try to Implement Your RSS Goonda criminal Law in our beautiful Hindustan, at least you became Law minister to Implement the Law not to break and create problem around Hindustan, now understood that you are afraid to face Uttar Pradesh election, that's why all these bulsh*ts coming up.
Masterjee no chance papa Crimes are increasing loot pat increasing... nothing else to do... so coming to resolve Triple Talaq!!!!!
That's not your business.
Jai hoo Modianna.
Jai hoo Siddanna.
First secure your slipping seats and majority due to people's frustration.......then talk about Tripple talaq......one thing you listen you son of HITLER......when you follow HITLER's footstep it also reminds his END
because you are challenging GOD\s law.....not your man made Manu vad or man made stories...."
Dear Mr. Ravi shankar, this is just for Election Gimmick u cant able handle , jaag utenge indian Muslims ........... be careful
Wrong practice by Muslims has open the doors to Kafirs to interfere in our religious matters ....
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