BENGALURU: Several leaders of various industry verticals based out of Bengaluru, who head 14 different Expert Committees of the Bangalore Chamber of Industry Commerce (BCIC), on Saturday deliberated on chalking out plans for the Chamber for the year.
Kishore Alva, President of 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. Monsoon has been 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 bare minimum. This way, we 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.”
Talking about the e-mandis model that Karnataka has in place, Somnath Chatterjee, Division Manager, Procurement ITC Ltd, food Division, who heads the Agro and Food processing unit, said, “E-mandis are doing an excellent job where technology is helping farmers to directly connect with customers.”