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Good news for IT/BT business in Karnataka
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Good news for IT/BT business in Karnataka
BANGALORE: State’s IT industry - the nation’s biggest - has something to cheer about. Karnataka plans to set up an IT/BT development authority which will function as a ‘true’ single-window to ensure speedier clearance of business proposals. The state cabinet is expected to clear this proposal soon.
Ashok Kumar C Manoli, principal secretary, IT/BT/S&T, told TOI that the authority would work as an independent body and would have the power to clear investment proposals without delay. This proposal to set up a special body for business clearance was in response to industry demand. Asked what according to him are the key issues on the mind of industry leaders, Manoli said: “The industry has been communicating its concern over the delay in clearance of investment proposals. The proposed authority will offer quick solutions to all those industry woes.’’
The industry in general and tech/BPO sector in particular have been complaining about the “chronic’’ project delays caused by red tape. As a result, Karnataka has lost several high-value business projects to other states.
Bob Hoekstra, CEO, Opportunity India Consulting, a Netherlands-based consulting firm and former CEO of Philips Innovation in India, said: “Many ministers and bureaucrats lack understanding of the dynamics of business and the importance of time. They sit on projects and forget about them for months and years. Some are also bad at keeping their appointments and make even many global CEOs wait for hours, to eventually appear without even an apology. Indian businessmen are used to this casual attitude, but outsiders get shocked and never come back. It is high time the governments took investment decisions quickly.’’
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/Good-news-for-ITBT-business-in
Ashok Kumar C Manoli, principal secretary, IT/BT/S&T, told TOI that the authority would work as an independent body and would have the power to clear investment proposals without delay. This proposal to set up a special body for business clearance was in response to industry demand. Asked what according to him are the key issues on the mind of industry leaders, Manoli said: “The industry has been communicating its concern over the delay in clearance of investment proposals. The proposed authority will offer quick solutions to all those industry woes.’’
The industry in general and tech/BPO sector in particular have been complaining about the “chronic’’ project delays caused by red tape. As a result, Karnataka has lost several high-value business projects to other states.
Bob Hoekstra, CEO, Opportunity India Consulting, a Netherlands-based consulting firm and former CEO of Philips Innovation in India, said: “Many ministers and bureaucrats lack understanding of the dynamics of business and the importance of time. They sit on projects and forget about them for months and years. Some are also bad at keeping their appointments and make even many global CEOs wait for hours, to eventually appear without even an apology. Indian businessmen are used to this casual attitude, but outsiders get shocked and never come back. It is high time the governments took investment decisions quickly.’’
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/Good-news-for-ITBT-business-in