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Will support whatever regulations, guidelines come: Infosys CEO Parekh on draft K'taka reservation bill

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Will support whatever regulations, guidelines come: Infosys CEO Parekh on draft K'taka reservation bill

Infosys CEO, Salil Parekh, has stated that the company will comply with any regulations and guidelines issued by the Karnataka state government regarding proposed reservations for locals in private firms. The Karnataka State Employment of Local Candidates in the Industries, Factories, and Other Establishments Bill, 2024, has received criticism from business leaders and tech tycoons who argue that it could force companies to relocate. Similarly, a similar bill introduced by the Haryana government was struck down by the Punjab and Haryana High Court in 2023. Industry veterans have called the proposed quota 'fascist' and 'short-sighted', while others have emphasized the need to balance local employment with attracting skilled talent in the tech industry.

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