DK Shivakumar, Karnataka's Deputy Chief Minister, reassured investors and stakeholders on Wednesday regarding the state cabinet's decision to clear a bill aimed at reserving jobs in the private sector for locals. In response to concerns raised by industry leaders, Shivakumar emphasized that the Karnataka government is open to dialogue and will consult with various stakeholders to address the issue.
He sought to allay fears among investors, stating, "No investors need to worry. We want investors to come to Karnataka." Shivakumar acknowledged the significant contribution of people from outside Karnataka to Bengaluru's growth and emphasized the state's welcoming stance towards talent from across the country.
Regarding the contentious bill, titled the Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, Shivakumar reiterated the government's commitment to safeguarding the interests of Kannadigas while ensuring that the state remains attractive to investors.
The bill mandates that private firms reserve 50% of jobs in management categories and 70% in non-management categories for local candidates. This move has drawn criticism from industry bodies like Nasscom, which expressed concerns about its potential to hamper the growth of the tech industry in Karnataka.
Shivakumar acknowledged these concerns and affirmed that the government will engage in discussions with industry leaders to find a balanced approach. He emphasized that the Congress government in Karnataka is committed to upholding the dignity of Kannadigas and promoting local language, culture, and employment opportunities.
Meanwhile, Minister for Infrastructure Development, Medium, and Heavy Industries MB Patil supported the bill, underscoring the importance of ensuring job opportunities for Kannadigas while assuring that the government will also consider the interests of industries.
The bill is slated to be tabled in the Karnataka Assembly, where its implications on the state's economic landscape and its reception among legislators will likely play a decisive role in its implementation.
