Nasscom fears companies will relocate if Karnataka passes jobs for locals bill

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Nasscom fears companies will relocate if Karnataka passes jobs for locals bill - YourStory

Quick Summary:

Nasscom has highlighted that the technology sector almost contributes 25% of Karnataka’s GDP, and the proposed Bill will reverse the progress.

Nasscom emphasised that for States to become a key technology hub, a dual strategy is key--magnet for best talent worldwide and focussed investment in building a strong talent pool within the state through formal and vocational channels.

This Bill has been passed by the State Cabinet and is yet to get approval from the legislature.