STOCK MARKET BSE NSE

Bangalore Chamber of Industry Commerce chalks out investments for the year

Several leaders, 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.

Published: 22nd July 2018 03:03 AM  |   Last Updated: 22nd July 2018 03:03 AM   |  A+A-

By Express News Service

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.” 

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp