Rampant corruption and lack of clear-cut economic policies are driving industries out of Karnataka, said TV Mohandas Pai, HR head of IT giant Infosys.
Rampant corruption and lack of clear-cut economic policies are driving industries out of Karnataka, said TV Mohandas Pai, HR head of IT giant Infosys.
In the LPG (liberalisation, privatisation and globalisation) era, the state government should allow private investments in all sectors with an open mind. It should vest economic power in the hands of the people of the state, he said.
Delivering the presidential lecture on ‘Globalisation — Karnataka’ seminar at the World Kannada Meet, he blasted the state government for not curbing corruption.
“Anyone interested in setting up an industry in the state needs to first grease the palms of officials at each and every stage, be it land acquisition or getting permission from the pollution control board etc. Fed up of this attitude, industries are now running away from the state. It is time for the state government to wake up to it and evolve a clear policy to promote entrepreneurs,” said Pai.
Karnataka will see radical changes in its economy in 10 years if it comes out with good policies in the interest of development. But at first, corruption needs be curbed. Here, more than 50% of households have no toilets and drinking water facilities even today. This is only because of wrong polices of the state government, he said.
Currently, India stand at the ninth position as far as economic development is concerned. In the next 10 years, we will emerge as world’s third largest economy. Prosperity will see more people in its fold in 10 years; 50% of population will be prosperous as compared to the 20% now.
As of now, thanks to globalisation, the middle-class which has the required education and skills bag employment opportunities, but those who without education are still below poverty line, he noted.
“In developed countries like America, 87% youths go for higher education and in China 25% go for higher education. But in India the percentage is just 13. We need to concentrate on this. While the government is not in a position to open more colleges, it is not allowing private sector to do so either. Education should be commercialised. We have requested the state government to concentrate on higher education and give scholarships to youths” Pai said.
The state should invest more on skill development. The state GDP now is Rs4 lakh crore, which will go up to Rs12 lakh crore in 10 years creating jobs for more than 40 lakh people. There is a demand for skilled labour all over the world and we should seize the opportunity, he added. He also admitted that because of globalisation, our language and culture will take a hit.
“Though English is necessary to compete with others, we should try to translate the knowledge from various languages and make Kannada richer,” he opined.
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