Karnataka Govt’s Job Reservation Bill Sparks Investor Concerns

Karnataka Deputy CM assures investors as the state cabinet approves job reservations for Kannadigas in private sectors. Despite Nasscom's concerns about the bill impacting tech progress and investment, the government aims to balance local employment with attracting outside talent.

The Karnataka government has introduced legislation mandating job reservations for Kannadigas in the private sector. Speaking on the matter, Deputy Chief Minister DK Shivkumar assured investors that the state remains open to business and talent from outside Karnataka.

Approved on Monday, the new legislation enforces a 50 percent reservation for administrative roles and 75 percent for non-administrative positions. While addressing reporters, Shivkumar emphasized that the move is intended to provide local employment opportunities without deterring investors. "No investors need to worry. We want them to come to Karnataka," he stated.

The tech industry, represented by Nasscom, voiced its concerns, urging the government to withdraw the bill. Nasscom warned that the bill could hinder the state's technological progress and drive away businesses. In response, Shivkumar assured that suggestions and concerns would be reviewed carefully, highlighting the state's commitment to balancing local employment with maintaining investor confidence.

(With inputs from agencies.)