[vc_row][vc_column][vc_column_text]In a landmark achievement, Karnataka continues to hold on to its numero uno position as India's topmost investment destination. This was announced recently by Sri R.V. Deshpande, Minister for Large & Medium Industries and Infrastructure. According to official data, from January 2016 to June 2017, Karnataka has received investment proposals of
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.
On Radar: Capacity Building & Skill Up-gradation
[vc_row][vc_column][vc_column_text]The Government of Karnataka has well understood that skills and knowledge are the driving forces of economic growth and social development. Some of the key players such as Biocon. Glaxo Smith Kline Pharmaceuticals Ltd. Jubilant Life Sciences Ltd., and Astra Zeneca India have established their key Centers in the State. With the
No question of prices going up: Smt. Nirmala Sitharaman, Union Minister of State for Commerce & Industry
[vc_row][vc_column][vc_column_text]PIA appeals to all Members and MSME Entrepreneurs not to heed any rumour and fall prey to them: R. Krishnamurthy, President All concerns about an inflationary spike arising from the Goods and Services Tax (GST) regime are baseless and unfounded, Hon'ble Union Minister of State for Commerce and Industry (I/C), Smt.
RESURGENT KARNATAKA Generating Immense Investment Interest With Friendly Policies
[vc_row][vc_column][vc_column_text]KARNATAKA has made rapid strides over the last four years towards socio-economic welfare of its 6.5 crore people across the State under the leadership of Hon'ble Chief Minister Sri Siddaramaiah. Several schemes have been announced for the welfare of the people, but what stands out is the parallel focus towards
Karnataka Government to Fast-track 100 Start-ups
[vc_row][vc_column][vc_column_text]The Karnataka government is set to launch a programme to select 100 innovative Start-ups that are most likely to scale fast and profitably, and help them in their progress. The selected Start-ups will be eligible to get guidance, consultancy, patent filing facilitation, legal assistance and funding, according to Sri Priyank Kharge,
Feedback Sought From Members on Draft of Code on Social Security
[vc_row][vc_column][vc_column_text]The Ministry of Labour & Employment has prepared a Preliminary Draft of the Code on Social Security & Welfare by amalgamating all existing Labour Laws related to Social Security (Total 15 Labour Laws including EPF Act, ESI Act, Maternity Benefit Act, Payment of Gratuity Act, Employees Compensation Act, Unorganized Social
UPDATE KNOW THE GST IMPACT ON JOB-WORK
[vc_row][vc_column][vc_column_text]If you are outsourcing some of your manufacturing work, here's how GST will bring significant changes for you. Every manufacturer in the country - big or small, tends to do some part of their manufacturing in-house and the rest outsourced to others. This allows manufacturers to focus on their core competencies
RESURGENT KARNATAKA Ambitious Effort to Uplift MSMEs
[vc_row][vc_column][vc_column_text]The State Government has taken a lot of measures to improve the lot of MSMEs. According to official reports, more than 40,000 acres of land is available in Karnataka to set up industries. Work on the Chennai-Bengaluru-Chitradurga Industrial Corridor is in full swing. As Hon'ble Minister for Large & Medium Industries and
EPFO introduces Online Claim Submission
[vc_row][vc_column][vc_column_text]As part of the GOI's latest e-governance initiative, EPF Members who have activated their UAN and seeded their KYC (Aadhaar) with EPFO will be able to apply for PF Final Settlement (Form19), Pension Withdrawal Benefit (Form10-C) and PF Part Withdrawal (Form31) from the their UAN Interface directly. The three forms
INSPIRING STUDENTS TO BECOME ENTREPRENEURS PIA showcases Incentives & Concessions available for Young Entrepreneurs
[vc_row][vc_column][vc_column_text]This is the perfect time for a youngster in Karnataka to start his own enterprise. The Siddaramaiah Government has announced a number of Schemes to encourage and promote entrepreneurship and motivate the youth to start their own Start-ups, said Sri R. Krishnamurthy, President, PIA addressing a gathering of Students at