Andhra Pradesh minister Nara Lokesh invites IT firms to relocate amid row

Andhra Pradesh minister Nara Lokesh invites IT firms to relocate amid row over Karnataka job reservation Bill With NASSCOM expressing disappointment over a Bill passed by the Karnataka Cabinet to reserve jobs for locals in private industries, Andhra Pradesh’s Minister for Information Technology (IT) and Electronics, Nara Lokesh, invited investors to relocate their businesses. The Karnataka Cabinet on Tuesday (July 16) approved a draft legislation setting aside 50 per cent of managerial roles and 75 per cent of non-managerial roles for local candidates in industries, factories, and other commercial establishments. However, facing a severe backlash, the Congress government in Karnataka on Wednesday (July 17) decided to put the bill on hold. Nara Lokesh on Wednesday took to X to invite investors after the apex body of the IT sector, NASSCOM, voiced its disappointment and expressed concern over the passage of the Karnataka State Employment of Local Industries Factories Establishment Act Bill, 2024. NASSCOM stated that restrictions could force companies to relocate as local skilled talent becomes scarce. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuaW5kaWF0dm5ld3MuY29tJTJGbmV3cyUyRmluZGlhJTJGa2FybmF0YWthLWpvYi1yZXNlcnZhdGlvbi1iaWxsLWFuZGhyYS1wcmFkZXNoLW1pbmlzdGVyLW5hcmEtbG9rZXNoLWludml0ZXMtaXQtZmlybXMtdG8tcmVsb2NhdGUtYW1pZC1yb3ctcmVzZXJ2YXRpb24tcHJpdmF0ZS1pbmR1c3RyaWVzLWxhdGVzdC11cGRhdGVzLTIwMjQtMDctMTgtOTQyMzYw)  In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)