Yediyurappa appeals American companies to invest in Karnataka

News Network
September 2, 2020
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Yediyurappa

Bengaluru, Sept 2: The Karnataka state government in partnership with US-India Business Council (USIBC) held a virtual delegation meeting yesterday with American Business houses to attract trade and investments to the state of Karnataka.

The meeting was attended by Chief Minister of Karnataka BS Yediyurappa, Ambassador Taranjit Singh Sandhu, Indian Ambassador to the United States along with senior govt officials from Govt of Karnataka and official from USBIC.

The meeting touched upon numerous business opportunities and investments that are available for American investors in Karnataka. Chief Minister held talks with US industry captains and detailed on the huge opportunities in IT, ITES services, machine tooling, manufacturing, aerospace, biotechnology, and engineering design.

"Karnataka is the favoured choice for investors and is home to 400 of the Fortune 500 companies in the world. The state is currently ranked second in terms of FDI investments for the period ending March 2020," said Chief Minister BS Yediyurappa, while attending the Webinar.

"The India-US relationship continues to strengthen with strong strategic, defence, and people-to-people ties. The trade between the two countries has grown significantly over the last two decades, from USD 19 billion in 2000 to USD 149 billion in 2020. Karnataka exhibits significant potential in many sectors and offers a policy-driven ecosystem for industries and is characterized by responsive & industry-friendly administration and policy continuity. We have dedicated policies to promote various sectors such as biotechnology, healthcare, semiconductors, agriculture, automobiles," he added.

Karnataka has been an attractive investment destination and is one of the most industrially advanced states in India. Today, Karnataka is a nearly USD 250 billion economy and growing strong. The state has been leading the country in several sectors. The state has traditional strengths in a wide range of industries - such as Machine tools, Heavy machinery, Automobiles, Electronics, Aerospace & Defense, Biotechnology.

Uncertainty around the US-China economic relationship, as well as the coronavirus outbreak, provides an opportunity to evaluate the US-India trade and economic relationship. This would make India a competitive destination for many US companies, the Chief Minister added.

Karnataka is taking cautious steps to reboot the economy and support economic activities in the state. The recent 2019 NITI Aayog 2019 Innovation Index has Karnataka at the top. This has been possible due to the availability of quality human resources, reputed higher educational institutions, and a significant thrust on research and development aided by a proactive administration and conducive investment climate.

"Keeping the investor-centric approach, our government has launched the New Industrial Policy 2020-2025, to build a prosperous Karnataka and create large-scale employment opportunities. This industrial policy is very forward-looking and brings with it several incentives and regulatory reforms such as land access and labour market regulation. Promoting economic and industrial development of our state has always been a top priority for our government," he said.

"Keeping in mind the immense potential for combining US's capital, innovation, and technologies with the rich human resources and economic opportunities available in Karnataka's high-growth economy, I invite US companies to invest across sectors in Karnataka," Chief Minister added.

"Karnataka is one of the leading industrialised states in India and has been successful in providing the needed economic and social infrastructures for investment, industries and business to the US companies. I am sure that together Karnataka and US can forge a mutually beneficial economic partnership. The state offers a policy-driven ecosystem for industries - is characterized by responsive & industry-friendly administration, business and policy continuity," Gaurav Gupta, IAS, Principal Secretary, Commerce & Industries Department, Government of Karnataka said.

"I believe that the current geopolitical scenario has presented a golden opportunity to further nurture US - Karnataka bilateral relationship and transform it into a global strategic partnership. Karnataka is the knowledge capital of India and has been at the forefront of innovation," Gunjan Krishna Commissioner for Industrial Development and Director of Industries and Commerce Government of Karnataka said.

"Today's discussion with Chief Minister Yediyurappa, Ambassador Taranjit Sandhu, USIBC Board Member Kiran Mazumdar Shaw and other industry leaders highlighted the opportunities Karnataka presents in sectors like IT, machine tooling, aerospace, biotechnology, and engineering design. Karnataka has undertaken significant policy reforms to become one of India's most business-friendly states. As India seeks to compete on the global stage, Karnataka's "New Industrial Policy" and similarly forward-leaning policies will be critical to attracting investment and creating new jobs," Nisha Biswal President of the US-India Business Council (USIBC) said.

The virtual delegation meeting was attended by Gaurav Gupta, Principal Secretary - Commerce and industries, Commissioner for Industrial Development, Gunjan Krishna Commissioner for Industrial Development and Director of Industries and Commerce, Tim Roemer, Executive Director, APCO, William Blair CEO, Lockheed Martin, Simon George, President, Cargill, Ramesh Ramadurai, Managing Director 3M, Hemant Kanoria, Chairman and CEO, SREI, K Nanaiah, Managing Director Equifax, Dr Vasudev S Gavaskar, Partner, True North Partners, Nitin Bhate, AGM - New Business Initiatives, Xylem, Ramkumar Narayan, Managing Director VMware, Rahul Shah, CEO, Katalyst Technologies, Vivek Vasistha, Lead Global Process IBM, Nileema Dwivedi, Head of Government Affairs Microsoft and other leaders of the US companies based out of India.

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Source: Arab News
September 15,2024

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London: There will be no normalization of ties between Saudi Arabia and Israel until an independent Palestinian state is established, Prince Turki Al-Faisal, the former head of the Kingdom’s intelligence services, has warned. 

During a talk at London-based think tank Chatham House, the former Saudi ambassador to the US also discussed Washington’s role in the peace process as the Gaza war approaches its first anniversary, and how talks before the outbreak of hostilities had been broadly positive.

He said the US is keen on the resumption of talks between Israel and Saudi Arabia to strengthen regional security and to forge economic ties, but Riyadh’s position is that “if there’s a Palestinian state that Israel accepts to come (into) existence, then we can talk about normalization with Israel.”

The prince added: “Before Oct. 7 … talks not only progressed along those lines, but also the Kingdom invited a Palestinian delegation to come and talk directly to the Americans about what it is that might bring about a Palestinian state.

“I’m not privy to those talks so I don’t know what happened between the Palestinians and the Americans, but the Kingdom’s position has always been we won’t speak for the Palestinians. They have to do it for themselves. Unfortunately, of course, the Oct. 7 (Hamas attack against Israel) put an end to those talks.”

Prince Turki said the establishment of a Palestinian state is not only crucial for Israeli ties with Saudi Arabia but with the rest of the Muslim world as well.

“A Palestinian state is a primary condition for Saudi Arabia to have normalization with Israel, but … on the Israeli side, the whole government is saying no Palestinian state,” he added.

Prince Turki said for Saudi Arabia, an independent Palestine would encapsulate the 1967 borders, including East Jerusalem.

He added that the Kingdom has led the way in trying to achieve a peaceful resolution to the conflict, citing the 1981 King Fahd Peace Plan and the 2002 Arab Peace Initiative proposed by King Abdullah.

During the current Gaza war, “the Kingdom led the Muslim world, and not only summits with the Arabs but with the (rest of the) Muslim world, and also … the diplomatic missions that have been taking place to convince the world that there must be an end to the fighting, led by the Saudi foreign minister,” Prince Turki said.

“The Kingdom has been in the forefront of condemning the Israeli onslaught on the Palestinians, not just in Gaza but equally in the West Bank.”

He criticized the US and other Western nations for not applying more pressure on Israel to end the war, citing how the UK had only recently begun to suspend certain arms export licenses to Israel following the election of a new government in July.

“I’d like to see more done by the UK,” he said. “I think, for example, the UK … should recognize the state of Palestine. It’s long overdue.”

Prince Turki said the US could apply direct pressure on Israeli Prime Minister Benjamin Netanyahu over the actions of his government and military, and should address funding and lobbying by groups and individuals sympathetic to Israel.

“I think the US has enormous tools to affect Israel which it isn’t using, not just simply … denial of supply of weapons and material to the Israelis,” the prince added.

“A lot of financial help goes to Israel from the US. If some of the privileges that (the) Israeli lobby, for example, in America, enjoys — of tax-free contributions to Israel — can be withdrawn from those Israeli lobbyists, that will (put) great pressure on Israel.”

In the US, “you have to register as a lobbyist for a specific country, or be prosecuted, if you want to talk for that country, but a lot of organizations in America do that for Israel and still enjoy a tax-free status because they’re considered not representing Israel per se, but simply as philanthropic or humanitarian groupings,” he said.

“There are many tools that are available to the US, not simply harsh talk, which seems to have gotten us nowhere. But is America ready to do that? As I said, I’m not too optimistic about that.”

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News Network
September 17,2024

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New Delhi: The Supreme Court on Tuesday halted unauthorised bulldozer action against private property, anywhere in the country, till October 1, dismissing concerns by the government that demolitions sanctioned after following due process could be impacted. 

The "heavens won't fall if we ask you to hold your hands till the next hearing", a bench of Justice BR Gavai and KV Viswanathan declared.

An irate top court - which has already come down hard, twice this month, on 'bulldozer justice' meted out by various state governments - also warned the government against "grandstanding" and "glorification" of this practice. "No demolition, till next, date, without permission of this court," the government was told, and warned the Election Commission may also be put on notice.

The court's reference to the poll panel is significant given elections are due in Jammu and Kashmir (the first Assembly election in a decade) and Haryana, where the Bharatiya Janata Party is looking to return to power. Elections are also due this year in BJP-ruled Maharashtra and Jharkhand.

The court, however, also clarified its order is not applicable to removal of encroachments in public spaces such as roads, railway tracks, water bodies, etc.

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News Network
September 20,2024

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Mangaluru, Sep 20: The bye-election for the MLC seat, vacated by Kota Srinivas Poojary after his election as an MP, will take place on October 21. The election covers 6,037 voters from 392 local bodies across Dakshina Kannada and Udupi districts. Dakshina Kannada Deputy Commissioner and election officer Mullai Muhilan provided details at a press conference held at the DC office on Thursday.

Key Election Dates:

Nomination Period: September 26 to October 3
Verification of Nominations: October 4
Last Date for Withdrawal of Nominations: October 7
Election Day: October 21 (Polling from 8 AM to 4 PM)
Vote Counting: October 24

Code of Conduct:

The model code of conduct came into effect on September 19 and will remain in place until October 28 in both Dakshina Kannada and Udupi districts. During this period, government development projects cannot be announced, and foundation stone-laying ceremonies are prohibited. Political banners and hoardings are also banned. Government officials are restricted from participating in public programs or meetings. The Election Commission will oversee all political events, and the regulations that apply to MP and MLA elections will also govern this MLC bye-election.

Election Management:

Additional DCs of Dakshina Kannada and Udupi will assist as election officers. While no election-related check posts will be set up, flying squads and video surveillance teams will monitor compliance. Political party buntings and hoardings will be removed immediately.

Voter and Polling Information:

Dakshina Kannada and Udupi districts fall under the Dakshina Kannada local body authority. In this bye-election, eligible voters include members of gram panchayats, city corporations, city municipalities, town municipalities, town panchayats, as well as MLAs, MLCs, and MPs.

Dakshina Kannada: 3,551 voters, 234 polling booths
Udupi: 2,486 voters, 158 polling booths

Officials Present:

The press conference was attended by ZP CEO Dr. Anand, Additional DC Dr. Santhosh Kumar, Police Commissioner Anupam Agarwal, SP Yatheesh, MCC Commissioner Anand C L, and Assistant Commissioner Girish Nandan.

This election marks a significant political event for both districts, with voters from various local bodies participating in the process.

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