Bangalore December 9, 2013: Bangalore Chamber of Industry and Commerce (BCIC) will hold its first ‘Karnataka Economic Summit’ in Bangalore on December 16 and 17.
The Chamber said the State faced infrastructure challenges in energy, road and railways, ports and airports. There are demand and supply gaps, slow addition of capacities and unavailability of domestic fuel, it said.
The State needs to increase capacity of ports and airports and ensure appropriate hinterland connectivity and develop minor airports across the State, it said.
“Keeping these key infrastructure challenges in mind, BCIC is planning to hold ‘Karnataka Economic Summit’, said H.V. Harish, President, BCIC.
The first summit is scheduled on December 16 and 17 in Bangalore and will be inaugurated by Chief Minister Siddaramaiah.
The summit has been planned primarily to focus on the key drivers such as governance, urbanisation, and infrastructure.
As a prelude to the summit, a comprehensive study on Karnataka has been conducted by knowledge partner Deloitte.
“The study basically compares Karnataka with other States in key parameters such as infrastructure, investment opportunities, human resource and skill sets availability, ease of doing business, taxation policy and such other investor-friendly issues which ebb investors to look at the State as a growth driver for them,” said Vedamoorthy Namasivayam, senior director, Deloitte.
S. Vaitheeswaran, Managing Director & CEO, Manipal Global Education Services, said, “At the summit industry, academia and government are coming together to plan the growth of the industry.”
“The meet will not end as just a talk but will be driven by action plan where social issues will also be addressed,” he added.
“The meet is to raise and discuss how key issues of the policy are impacting economic growth and define government’s role in promotion of economic growth in the State,” he said.
“Project clearances, bottlenecks, and issues delaying project clearances will be dealt with in detail. As Karnataka is dominated by Bangalore, we are exploring as to how to improve investment flow to other tier II and III cities such as Hubli-Dharwad, Mysore, Mangalore and Gulbarga,” he added.
S.L. Rao, former chairman of KERC and ISEC, said, “Migration taking place in the State has become a huge social challenge. It is putting strain on infrastructure in the State.” Hindu Bussiness Line
