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
Its everywhere in mangalore... Check the police records.... Ok.. So what sdpi needs to do... Dont blame a particular area.... Most of. Sdpis are from there.....
This Goons already ashamed by safwan parents and locals so, now they compensation asking for both Raju kotian and safwan haha ha what a joke!!! jokers around SDPI..............
Being from Ullal it is true that Ullal is becoming adda of drug addicts.People terrified to go out. With addiction of ganja everyone want to becoming don and threatening common people.
\You wonderful fools did not understand, not woke up, brought up in this nation , Education half of the way, mostly job less, awaiting Middle east go!!! no Idea about work, am not mentioning you Buffoons, YOU ALL WELL CLEVER SOME TIMES IN THE WELL!!!!. \"Divide and rule applicable here in Hindustan\" you all wonders divide in all parties, this is your fate masters, blame Each other only the solution and afterword's some one killing you one or other day.
Be try to be safe under one umbrella not to divide and blame each other, OTHERWISE THIS IS THE SITUATION TO YOU ALL.
Just go to your mind to our favourite or Hesitate State \"KASHMIR\" now Criminal Goonda Looters ruling, believe it, same fate to you in Ullal!!!
Jai Hindustan."
It is not a time for blame game...SDPI is opportunistic party...trying to find political foothold around...their intention is very bad....
All Dont make fabricated comment and Dont support all these criminals.
All should be United-Hindu Muslim & Christian and fight against RSS & Grubby Politics
Good Move by SDPI.
Ullal is a beautiful place, and parties like SDPI is a master mind behind all the communal activities.
SDPI is intentionally defaming ullal's name, the only reason is they couldnt win the last election.
I Agree, all cattle thieves, drugs dealers, criminals, love the place called Ullal
Dear SDPI Brother's
Dont wait for the Govt to Curb your own brother's from doing Wrong.Its each one of ours responsibility to teach them about Islaam is,About life after Death,Rather pin pointing other's First do your self then blame the Govt.
I know its very hard to accept for each one of Us.So we start blaming other's.Directly or Indirectly we are also responsible for all this and we will have to answer the ALMIGHTY ALLAH.
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