Karnataka is the best choice for investment opportunities: RV Deshpande

MANGALURU: Karnataka is a boon for the project proponents and investors for investment purposes. The state has all kinds of resources, especially human resources for setting-up of projects. Despite land, water and power costs being on the upward trend, the state continues to attract investments from pan India and overseas for the simple reason that Karnataka is industry conducive in nature, RV Deshpande, minister for revenue, said.
Unveiling the annual report of Bangalore Chamber of Industry and Commerce (BCIC) for 2018-19 and its corporate video at recently concluded 42nd AGM, Deshpande assured industries that, “We shall ensure the government further prunes the ‘ease of doing business’ parameters with new policy initiatives in coming months.” Forecasting the industry trend, he said biggest challenge before industries in future would be HR and fast depleting water resources.
He urged industry captains to initiate on these two aspects and it is where industry forums like BCIC could contribute their knowledge repository to find the viable and sustainable solutions for the teething problems.
Kishore Alva, president, BCIC in his presidential address said the chamber during his tenure put in maximum efforts to reach out to all departments representing industries’ issues to frame suitable initiations to address concerns of industries. In all, 14 expert committees were formed for various domains and top executives having vast experience from the industries and corporates were appointed chairman and co-chairman for each expert committee.
Each committee was assigned with the specific task of understanding the concerns of their respective domain industries and take forward for ease of doing business. The concerns were deliberated and discussed in length in the expert committee meetings and were presented to government, he said. BCIC has also gone a long way in creating platforms at various occasions giving opportunities for industries and trade forums to interact with.
Addressing nearly 350 industry captains present during the AGM, Alva appraised that BCIC has enriched its level of credibility within the government and allied circles for its proposals and recommendations on various issues concerning the industry, trade and business. For the first time in the history of BCIC, the chamber was empanelled as a member in the high power committees formed by the government to provide inputs on upcoming GIM 2020, he said.
Later, M Maheshwar Rao, principal secretary to government, Commerce and Industries department of MSME and mines, the guest of honour said, “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.”