Deccanherald.com
Jindal points out loopholes in Karnataka Govt Industrial policies
Edited by : AL CIRCLE
2 min read
One industrialist who did some straight speaking at the Global Investors Meet in Karnataka on Thursday was S?R?Jindal, the founder of Jindal Aluminium Limited.
While many other investors had bouquets for the government, for creating an ‘investment-friendly’ environment, Jindal, a long time investor in the State, in his address at the inaugural session, said Karnataka was not investor friendly as it claimed to be.
He insinuated that the State-level single window clearance committee, which clears mega investment projects under the chairmanship of the chief minister, entailed a complicated process.
Suggesting that the government should bring about improvements in the system, Jindal said, “The government claims that the single window clearance system facilitates easy processes. But when an investor peeks into the system, he is exposed to many doors and windows.”
“The scenario will hopefully change, now that senior officer M N Vidyashankar has taken charge of the department. We are hoping that there will be no more bureaucratic hurdles,” he said.
He said the government had made exaggerated claims about the outcome of the previous GIM.
“Only four per cent of the projects of the Rs four lakh crore investments that the State attracted have materialised, while some more are in the pipeline,” he said.
However, Jindal did not lag behind in stressing the responsibilities of corporate firms. Many corporate firms are failing to discharge effective corporate social responsibility. Corporate firms should contribute at least five per cent of their profits mandatorily towards the welfare of the poor.
Later speaking to reporters, Jindal said corruption was rampant in Karnataka and that it had slipped to the bottom five states in industrial growth, which was preventing industries from coming up in the State.
Reacting to the statements of the industrialist, Industries Minister Murugesh Nirani said, "Our single window system is one of the best. There is scope for improvement to ensure that the processes are hassle free."
While many other investors had bouquets for the government, for creating an ‘investment-friendly’ environment, Jindal, a long time investor in the State, in his address at the inaugural session, said Karnataka was not investor friendly as it claimed to be.
He insinuated that the State-level single window clearance committee, which clears mega investment projects under the chairmanship of the chief minister, entailed a complicated process.
Suggesting that the government should bring about improvements in the system, Jindal said, “The government claims that the single window clearance system facilitates easy processes. But when an investor peeks into the system, he is exposed to many doors and windows.”
“The scenario will hopefully change, now that senior officer M N Vidyashankar has taken charge of the department. We are hoping that there will be no more bureaucratic hurdles,” he said.
He said the government had made exaggerated claims about the outcome of the previous GIM.
“Only four per cent of the projects of the Rs four lakh crore investments that the State attracted have materialised, while some more are in the pipeline,” he said.
However, Jindal did not lag behind in stressing the responsibilities of corporate firms. Many corporate firms are failing to discharge effective corporate social responsibility. Corporate firms should contribute at least five per cent of their profits mandatorily towards the welfare of the poor.
Later speaking to reporters, Jindal said corruption was rampant in Karnataka and that it had slipped to the bottom five states in industrial growth, which was preventing industries from coming up in the State.
Reacting to the statements of the industrialist, Industries Minister Murugesh Nirani said, "Our single window system is one of the best. There is scope for improvement to ensure that the processes are hassle free."
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