Bengaluru: CM personally invites big houses to invest in Karnataka


Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Oct 1: The state government wants mega investments to come to Karnataka so that more employment opportunities are created. It has undertaken several reforms towards this end. Now it has extended the red carpet welcome to huge companies to invest in Karnataka.

Chief Minister B S Yediyurappa has individually written to 55 companies, making an effort to convince the companies that rules prevailing in the state for setting up industries are very easy.

He has written to industrial tycoons like Mukesh Ambani, Sunil Bharti Mittal, Sanjeev Puri, Azeem Premji, S Subrahmanyan, Rahul Bajaj, Anand Mahindra, Navin Jindal, Kumaramangalam Birla, Gautam Adani, A Balakrishnan and others, extending them a wholehearted invite into the state.

The government had issued an ordinance to implement with immediate effect measures undertaken in respect of ease of doing business. Later, at the legislative session, the ordinance was given the shape of the law.

As per the revised norms, industries can be started after getting the permission of a high-level committee of the government. They need not approach other departments and boards seeking permission Several concessions have been announced. The CM in his letters to industries requested them to make the best use of them. Investments have been invited in food processing, software, pharmaceutical, auto components, building materials, chemicals, electronics and other sectors.

The letter mentions about the challenges faced from China and trade war during COVID-19 in the light of geographical issues and the resolve of the country to become self-reliant The top companies have been asked to make the best use of support being extended by the state for indigenous production and self-reliant campaigns. The CM, who has said that Karnataka is the best places to invest has given the following SOPs.

 1. 2.25 per cent subsidy on investment for 10 years.

2. Ecosystem for industries ready, 10,000 acres of land available.

3. Laws have been simplified. The state has highly skilled human resources availability.

4. Two industrial corridors have been established where the goods transportation network is existent.

5. Ease of doing business has been simplified. Industries are being allowed to start by giving them three years to get different permissions.

6. Investors can directly contact the chief secretary in the department of commerce and industry and commissioner. They can discuss and avail of additional concessions.

Who is invited: Reliance, Bharti Enterprises Group, ITC, Wipro, L&T, Bajaj, Jindal, Hero, Torrent, Vedanta, Tata, Aditya Birla, Piramal, MR, Kalyani, Adani, Murugappa Group, Patanjali, TVS, Hinduja, Godrej, Hindustan Lever, Infosys, HCL, Nestle, Sun Pharmaceutical, Dabur, Cipla, Eicher Motor, Micro Limited, ACC, Emphasis, Escorts Limited, Maruti Suzuki, Bosch, ABB, Dalmia.

 

  

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Comment on this article

  • Kudla Stories, Kudla

    Fri, Oct 2 2020

    You dont have to extend an invite to anyone. All you have to make sure is come out of the insecurities you have ensure there is communal harmony. After that make sure your pokicies are right. And third, stop favouring just the Ambani's and the Adani.

    DisAgree [2] Agree [3] Reply Report Abuse

  • james, udupi

    Fri, Oct 2 2020

    hum tho kya fakeer hai jhola utake chal padenge

    DisAgree [2] Agree [5] Reply Report Abuse

  • shetty, udupi

    Fri, Oct 2 2020

    where is the investment will benefit ????? only Bangalore or at least something in udupi /mangalore ?

    how about parking permission - basement can we go 3 storey ??????

    DisAgree [1] Agree [5] Reply Report Abuse

  • Ahmed, Bangalore

    Fri, Oct 2 2020

    When your central government gives more importance to Adani, Ambani and Baba Ramdev, then why would others want to invest to turn loss. Giving only importance to your close aids will turn the businness into monopoly. And monopoly is dangerous to the progress of a country as well customers have to pay huge price.

    DisAgree [5] Agree [10] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Oct 2 2020

    Ambani, Adani & Ramdev have already Invested in Karnataka ...

    DisAgree [4] Agree [8] Reply Report Abuse

  • Cynthia, Kirem

    Fri, Oct 2 2020

    Why outsiders Jossey sir? When shall we invest in our state?

    DisAgree [1] Agree [6] Reply Report Abuse

  • Gabriel Lewis, Brahmavar

    Thu, Oct 1 2020

    Give an invitation to American, British, Israeli, japanese, Norwegian, Australian, Canadian, German, Italian as well.

    DisAgree [1] Agree [12] Reply Report Abuse


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Title : Bengaluru: CM personally invites big houses to invest in Karnataka


 
 
 
 

 
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