Several leaders of various industry verticals based out of Bangalore heading Expert Committees at the Bangalore Chamber of Industry Commerce (BCIC) today deliberated on key issues hindering seamless investment flows both from domestic and overseas into Karnataka. A summary of the points raised at the meeting will be shared in due course with various government Departments in Karnataka in order to regain the top spot in India as far Business index was concerned. Some issues may also be brought to the attention of the Central Government.
Some issues on EODB involved Critical issues related to enhancing Single window clearance, quicker land allotments, improving power, water and sanitation systems, Labour reforms, Industry Cluster development, easing of pollution control norms, reducing red tape, protecting investors interests, labour market regulations, Transparency in tax laws, Traffic Management and several others were deliberated in the meeting today by industry captains.
Chairing the meeting Mr. Kishore Alva, President, BCIC said “The Indian economy presents a mixed landscape as of now. GST is in place and the first quarter business results are encouraging, exports continue to improve and consumer-oriented businesses have reported good sales. The monsoon has very good especially in East, South and North India while it is yet to catch up in the West and North Eastern states. Considering these economic indicators, we feel it is the right time to invite more investments into Karnataka by way of convincing the State government to consider improving the parameters of Ease of Doing Business to the bare minimum. This way, we the State would be able to attract investments not only from domestic but also overseas investors as they are waiting in the wings to pool in their resources to establish shops.”
It is against this economic landscape and backdrop that BCIC will collaborate with the government to work, formulate and recommend policy measures to both the State and the Central Governments during this year.
Some of the top industry leaders who participated in today’s deliberation included, Mr. Devesh Agarwal, Senior VP, BCIC and JMD, Jesons Technologies, Mr. P V Srinivasan, Advisor, Wipro, Mr. Kaushik Mukerjee, Partner, PwC, Mr. Somnath Chatterjee, Head, ITC, Mr. Raju B Ketkale, SVP and Director, Toyota Kirloskar Motor, Dr. L Ravindran, MD, Wealthmax Enterprises Management, Mr. Ashok Saxena, Chairman, Bangalore Aerospace Consultants and Mr. A N Chandramouli, Board Member, Starrag India. Mr. K R Sekar, Partner, Deloitte Haskins & Sells, Dr. V Veerappan, President, Tessolve Semiconductor, Mr. Vineet Verma, ED, Brigade Hospitality Services, Mr. Ramesh Saligrama, VP, Bosch, Ms. Richa Sarna, PRO, Indus Business Academy, Mr. Augustus Azariah, India/SA Regional Leader, IBM India, Mr. Veerendra Shadakshari, Director – Operations, Ramanashree Group of Hotels, Mr. Girish Navada, Associate General Manager Adani - Udupi Power Corporation.
The Chamber is working on a Vision Document which will shortly be presented to the Hon’ble Chief Minister H D Kumaraswamy for his action on these fronts. The Vision Document compendium will list out critical pain-points faced by the industry and at the same time also specify recommendations on administrative and procedural changes so that whatever is possible and well within the framework can be implemented by the State government.