The committee will interpret and administer the package of incentives and concessions granted to various categories of investors under the new policy. It will altogether have 12 members, including the Chairman. The term of the committee will be for six years, official sources said.
The committee will guide officials, if necessary, on implementation of the policy. The committee’s decision will be the final in case of any doubt in applicability of any part of the policy. The State Cabinet recently set up an empowered committee headed by Chief Minister B S Yeddyurappa to look into requests for special concessions by “mega” investors.
Besides, the Government has set up a task force headed by IT and BT Minister Katta Subramanya Naidu for the promotion of IT and BT investments, besides monitoring various activities related to the Global Investors’ Meet scheduled to be held on June 3 and 4 in Bangalore.
Prominent members of the 21-member task force include: CMDs of Wipro and Biocon, CEO, Infosys, Chairman, ISA, President, ABLE, Director, STPI and Regional Director, NASSCOM.
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