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BCIC 42nd AGM Mr. R V Deshpande: “Create More jobs to Ease Unemployment” Invites Business Community to Invest in Karnataka

Mr. R V Deshpande, Hon’ble Minister of Revenue, Government of Karnataka sought the support of the industry both domestic and overseas to create more jobs so that the unemployment scourge which is pushing GDP growth, will to some extent, flatten.

Delivering the keynote address at the 42nd AGM of Bangalore Chamber of Industry and Commerce (BCIC) on Friday evening in Bangalore where over 350 Industry leaders were present, the veteran politician Mr. Deshpande said: “We do understand that the industry is cruising through difficult times despite the fact there have been good reforms announced by the Centre like GST, Bankruptcy laws and other industry-friendly legislations. GDP growth has been pulled down by 2 percent and the Unemployment rate is risen by few percentage points which the highest in recent times. We are living in a competitive world where quality is the prime driver. It is time that industry needs to be competitive and begin to support more start-ups to create more new jobs in the State and the country.”

Touching on the points on how industry can partner with the government to create more jobs, Mr. Deshpande said: “The biggest challenge of 21st century is related to creating and optimising Human Resource’s vast base and management of precious and fast depleting water resources. Industries have to serious contemplate and start working on these two initiatives and it is here that the trade and business bodies like BCIC can pitch in with their knowledge repository to find viable and sustainable solutions to these two teething problems.”

Mr. Deshpande said that despite the land, water and power costs being high, Karnataka continues to attract investments from pan India and overseas for the very simple reason that the State is industry conducive in nature. He said: “We shall ensure the State Government further prunes the ‘ease of doing business’ parameters in the State with new policy initiatives in the coming months.”

Mr. M Maheshwar Rao, IAS, Secretary to Government, Commerce and Industries Department of MSME and Mines delivering the Guest of Honour said that “The State Government will proactively partner with industry leaders to scout for sustainable solutions on overall infrastructure woos, water security and other challenges so that Karnataka continues to remain the most preferred investment destination in the country.”

Mr. Kishore Alva, President BCIC talking on the BCIC theme Excellence: The Paradigm for the 21st Century said: “Excellence is often described as outstanding practice in managing an organisation and achieving results, all based on a set of fundamental concepts or values. Excellence models are frameworks that when applied within an organisation can help to focus thought and action in a more systematic and structured way that should lead to increased performance. The models are holistic in that they focus upon all areas and dimensions of an organisation, and in particular, factors that drive performance. This is the theme that BCIC will be working on for this current year.”

Over 350 industry captains and thought leaders attended the 42nd AGM of BCIC.