Hold weekly meet to attract companies moving out of China: BSY to Chief Secretary

Bengaluru: In order to attract companies moving out of China, Karnataka Chief Minister B S Yediyurappa on Thursday directed Chief Secretary T M Vijay Bhaskar to hold weekly meeting of Special Task Force created to woo the multinational companies.

During the review meeting on the functioning of medium, small and micro enterprises after easing restrictions on COVID-19-induced lockdown, the Chief Minister enquired about the Special Task Force, said a government press release.

In response, the officials told him that they were preparing an attractive industrial policy to woo multinational companies to invest in Karnataka, the statement read.

The officials said at least 70 per cent of the industries, which were stopped during the lockdown period, have resumed operations. This besides, the land acquisition process has been simplified by introducing amendments to the land reform act to set up industries.

The officials explained to Yediyurappa that the regulations have been simplified at the district level itself.

The Minister for Medium and Large Industries Jagadish Shettar and Labour Minister A Shivaram Hebbar were also present.