CM asks DCs to identify lands for industrial clusters

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[vc_row][vc_column][vc_column_text]Karnataka Chief Minister HD Kumaraswamy asked deputy commissioners of seven districts to identify land for establishing industrial clusters, as per the budget announcement earlier this month. He also asked the DCs to do everything necessary to accomplish the land conversion process for approved industries across the state. The chief minister had announced

KSPCB to have experts to inspect industries

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[vc_row][vc_column][vc_column_text]The Karnataka State Pollution Control Board (KSPCB) will constitute an expert team to inspect industries and check if they are complying with the norms and not causing damage to the environment. According to a senior KSPCB official, the board wants to form a third-party committee consisting of experts from well-known institutions

State Government Hikes Water Tariff For Industrial Use by Nearly 100 Times

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[vc_row][vc_column][vc_column_text] Industries in Karnataka will have to pay nearly 100 times more for water that they draw from reservoirs, canals, lakes and dams for industrial purposes. The Karnataka government has hiked the tariff from INR 3,200 to INR 3 lakh for every million cubic feet (MCft). The tariff of water drawn

Hyderabad to Host First Telangana MSME Expo in September

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[vc_row][vc_column][vc_column_text]With an intention to boost the economy of Telangana and brighten business prospects, Chalk Talk, Ministry of Micro Small an Medium Enterprises and the Telangana State Government are together holding the inaugural edition of the Telangana MSME Expo 2018 in Hyderabad from 12 – 14 September 2018. “Sustainable Economic and Social

Karnataka Budget Evokes Mixed Reactions

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[vc_row][vc_column][vc_column_text] The Karnataka Budget that Chief Minister H D Kumaraswamy presented on 5 July 2018, has evoked mixed reactions. The industrial sector and trade and commerce organisations expressed happiness that the chief minister’s budget proposed to set up a help desk for Goods and Services Tax (GST). They were also happy about

NSIC to Organise Technology Conference with South Korea on 10 July

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[vc_row][vc_column][vc_column_text] The National Small Industries Corporation (NSIC), along with Small Business Corporation (SBC), South Korea, is organising “Technology Exchange Conference with South Korea” in New Delhi on 10 July. The India Habitat Centre (Jacaranda Hall) is the venue for the conference. After the conference, the Indian and South Korean MSMEs will hold

MSMEs to Get Export Promotion Council

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[vc_row][vc_column][vc_column_text]With a view to help MSMEs boost their exports, the Ministry of Micro, Small and Medium Enterprises (MoMSME) plans to form an export promotion cell to work with other departments and export promotion councils. According to a top official, this will help to ship products such as khadi, leather and

Industry Running Smoothly Despite Cost Concerns

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[vc_row][vc_column][vc_column_text] According to a monthly survey, June 2018 witnessed the highest-ever increase in manufacturing activity, due to a hike in domestic and export orders. This trend happened in spite of the highest increase in the input costs in nearly four years. Compared to 51.2 in May 2018, the Nikkei India Manufacturing Purchasing

Sudhakar Shetty Elected as New FKCCI President

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[vc_row][vc_column][vc_column_text]Sudhakar S Shetty, currently the vice-president of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), assumed office as the president for 2018-19 with effect from 29 June 2018. Shetty began his entrepreneurial journey running a hotel. He then ventured into diverse fields such as journalism and education. He established