[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
State News
Karnataka State Industry News
The State News includes all industry-related news within the state of Karnataka, for the benefit of the industry members of the Peenya Industries Association. The State News would also include policy decisions that the Karnataka government takes, which would be binding on the industrial sectors in Karnataka, including Peenya. The decisions may be related to industries and finance or taxation- related, which may affect the industries either positively or negatively.
In addition, the State News also covers major news such as city and state level election results, municipal and government formation, allotment of small and medium industry portfolio to a minister, industries minister’s visit to an industrial sector including Peenya.
Sudhakar Shetty Elected as New FKCCI President
[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
Gowda Assures Industrialists of Positive Investment Atmosphere
[vc_row][vc_column][vc_column_text]Addressing a group of 350 industry leaders at the Bengaluru Chamber of Industry and Commerce (BCIC), former Prime Minister and Janata Dal (Secular) National President H D Deve Gowda assured them that the JD(S)-Congress coalition government in Karnataka would strive to ensure the ease of doing business in the state. Gowda,
FKCCI Wants SME Trade Licences Abolished
[vc_row][vc_column][vc_column_text]A 30-member Federation of Karnataka Chamber of Commerce and Industry (FKCCI) delegation led by its President-Elect Sudhakar S. Shetty met Karnataka Chief Minister H. D. Kumaraswamy at Vidhana Soudha in Bengaluru earlier this month. In a 30-minute interaction, the delegation apprised the CM about various issues that the industries are facing.
Karnataka Requests US Consulate Office in Bengaluru
[vc_row][vc_column][vc_column_text]When United States Ambassador to India Kenneth Juster met Karnataka Chief Minister H D Kumaraswamy in Bengaluru, the chief minister told him that the US should open its consulate in Bengaluru at the earliest, to facilitate granting of visas to the citizens of Karnataka state. The US has consulates in Chennai,
Swedish Envoy Says Karnataka’s Positive Attitude Attracts Investors
[vc_row][vc_column][vc_column_text]Swedish Ambassador to India Klas Molin says that Karnataka’s business-friendly attitude and superior work ethics in Bengaluru serve as a natural magnet for investors. He appreciated the policies of the Karnataka government for making this possible. He acknowledged that the general lifestyle, climate and schools, and other aspects in Bengaluru are
Coalition Partners Agree Upon Portfolio Sharing
[vc_row][vc_column][vc_column_text]Hectic negotiations between the coalition partners Janata Dal (Secular) and Congress have concluded, at least for now. The JD(S) will keep the Finance portfolio and the Congress, Home department. Highly placed sources in both the parties said this in New Delhi today. They said that the power-sharing agreement between the two
Karnataka Garment Workers Seek Minimum Wages Hike
[vc_row][vc_column][vc_column_text]Garment industry workers in Karnataka are demanding that the coalition government led by H D Kumaraswamy implement the revised minimum wages. The earlier government led by Siddaramaiah had withdrawn the wage revision proposal in March 2018. In February 2018, the Siddaramaiah government had put forth a draft notification proposing to double
State announces one-of-its-kind Karnataka Animation, Visual Effects, Gaming & Comics (KAVGC) Policy
[vc_row][vc_column][vc_column_text]In another first of its kind achievement in the country, Karnataka became the first State to recognise animation and gaming as an emerging sector and to announce a dedicated policy, viz. Karnataka Animation, Visual Effects, Gaming and Comics (KAVGC) policy, details of which was unveiled by IT-BT and Tourism Minister
Karnataka first State to have own Electric Vehicle & Energy Storage Policy
[vc_row][vc_column][vc_column_text]The Karnataka government is planning an Electric Vehicle and Energy Storage Policy with the aim of making Bengaluru the electric vehicle capital of the country. Announcing this, Sri R.V. Deshpande, Minister for Large & Medium Industries and Infrastructure Development, said with this Karnataka will be the first State in the country