Nasscom Voices Strong Opposition to Karnataka's Quota Bill for Locals in Private Sector

Nasscom has expressed deep disappointment over Karnataka's bill mandating reservations for locals in the private sector. The industry body warns that the legislation could erode the state's edge in technology, stifle startups, and reverse progress. They have sought an urgent meeting with state authorities to discuss the matter.

The apex IT body, Nasscom, has expressed deep disappointment and concern over Karnataka's recent legislation mandating reservation for locals in the private sector. They have called for the state government to retract the bill.

Nasscom's dissent adds to the growing concerns from top industry voices, which argue that the legislation would erode Karnataka's competitive edge in technology and reverse the progress made so far. The industry body is seeking an urgent meeting with state authorities to address these concerns and prevent the state's progress from being derailed.

The bill proposes to reserve 50 per cent of management positions and 75 per cent of non-management positions for locals, sparking criticism from various industry veterans. Nasscom argues that the restrictions could force companies to relocate due to a shortage of local skilled talent, despite the state contributing significantly to the national digital talent pool and GDP.

(With inputs from agencies.)