Karnataka’s quota law may strangle Bengaluru, let Hyderabad breathe easy
Wednesday, 17 July 2024 () Karnataka's job reservation bill could drive investments to Telangana, which has incentivized job creation policies. The Karnataka State Employment of Local Industries Factories Establishment Act Bill 2024 reserves 50% managerial and 70% non-managerial positions for locals, causing potential capital flight to investor-friendly states. Competing with Bengaluru, Hyderabad stands to benefit. HYSEA president Prashant Nandella and former CII chairman Vagish Dixit highlight Telangana's advantages. Top industry leaders and a global financial services giant with a GCC in Hyderabad foresee growth in Pune and Delhi NCR, bolstering Telangana's pro-industry stance.
Wednesday, 17 July 2024 ()
