Press Esc to close
Friday 31 October 2014
News updated at 8:29 PM IST
Weather
Max: 28.4°C
Min : 18°C
In Bangalore
Partially cloudy

Bangalore chamber draws action plan to revive Karnataka economy

Bangalore, May 20, 2013, (IANS):

Karnataka's apex industry body Bangalore Chamber of Commerce & Industry (BCIC) has drawn an action plan to revive the state's sagging economy with a strategy on kick-starting the manufacturing sector.

"The 12-point action plan is aimed at reviving the state's economy by kick-starting the infrastructure projects held up for various reasons and facilitating the manufacturing sector's growth," BCIC president M. Lakshminarayanan told reporters here Monday.
The chambers has submitted the action plan as an 'economic agenda" for the new Congress government in the state that took charge under Chief Minister Siddaramaiah a week ago.

"The chief minister assured us to look into our agenda and call soon for an official meeting to prioritise and implement the action plan for restoring the high growth with investments that will create thousands of jobs over the next five years," Lakshminarayanan said.


Elaborating on the strategy to revive the manufacturing sector whose growth stagnated during the last couple of years owing to political instability in the state and bureaucratic inaction, he said pressure on agriculture and services sector had necessitated a renewed focus on manufacturing for reviving the state's economy and employment generation.

"The new government will have to focus on creation of world class infrastructure, skill development, urban renewal, revitalising the small and medium enterprises (SME) and strengthening governance and institutions," Lakshminarayanan said.

The action plan also calls for setting up agro and food processing parks and remove double taxation in the APMC Act.

"Instead of developing an eight-lane road connecting Bidar in the northern region to Chamarajanagar in the southern region of the state, as envisaged in the election manifesto of the ruling party, we have suggested that the state government should leverage the proposed Mumbai-Bangalore corridor, proposed by the central government," the agenda observed.

The state should develop sector-specific industrial zones along the corridor and secondary corridors connecting other parts of the state, to foster equitable, regional development, generate employment and help to decongest a choked Bangalore.

"There is an urgent need for a dedicated minister to oversee Bangalore's infrastructure, including roads, power, water supply, waste management and pollution, as the existing amenities are unable to meet the growing needs of its 10-million citiezens," the chamber noted.

The action plan urged the new government to develop tier-II cities so as to ease pressure on Bangalore.

Expansion or revival of existing industries, facilitating job creation and industry friendly labour laws are other issues highlighted in the agenda for the new government.

Go to Top

Photo Gallery
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523