India, May 3 -- Another opportunity slips through Karnataka's fingers. Silectric Semiconductor Manufacturing Pvt. Ltd., which was considering Mysuru for its next plant, has now backed out.

The official reason? "Issues with technical direction," stated the Company.

But the real reason, according to industry insiders was the inability of the Karnataka Government to hand over legally clear land and the fear of politicised labour in Mysuru-Nanjangud region.

In short, the company didn't see Karnataka as a State ready to do business, at least not without unnecessary delays or political minefields.

Sources even today cite these reasons for why AT&S, the well-known Printed Circuit Board (PCB) manufacturing company in Mysuru chose Taiwan to se...