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The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) is planning to organise Coastal Business Development Summit in Mangalore during November or December.
This was revealed by Mr J.R. Bangera, President of FKCCI, at the Coastal Region Development Coordination Committee meeting of FKCCI in the premises of Kanara Chamber of Commerce and Industry (KCCI) here on Thursday.
Mr Bangera said that plans are there to rope in non-resident Indians (NRIs) for this summit.
Highlighting the potential of coastal region, he said there is scope for setting up cold storage plants for supporting the market of perishable goods like fish, fruits and vegetables. There is also scope for more general engineering workshops and steel fabrication units in and around Mangalore, he said.
He said that the FKCCI has kept its theme for 2011-12 as ‘development of districts through MST’ (manufacturing, services and trade). This will enable Karnataka to become a vibrant economy through the development of MST sector.
FKCCI would undertake studies on the current issues faced by the trade and industry in the districts so as to suggest proactive policy measures to the State Government for implementation.
Mr Bangera said that FKCCI has formed five regional committees focusing on Mysore, coastal Karnataka, Malnad districts, northern Karnataka districts and Hyderabad-Karnataka districts. These committees assess each region’s issues and challenges, he said. Two committee meetings have been held at Mysore and at Belgaum on August 2 and 8, respectively. Meeting in Mangalore on Thursday is the third one.
On the issues related to double taxation on industrial areas in urban areas, he said the FKCCI has taken up the matter with the Government for the rationalisation of tax system in the state. The property owners are paying taxes to the local urban bodies and to maintenance charges to the Karnataka Industrial Areas Development Board.
He said that the State Government has constituted a committee at the request of FKCCI to rationalise the property taxes in industrial areas in the state and to maintain a uniform formula.
Mr Bangera said that the FKCCI will confer this year’s Sir M. Visvesaraya award to Dr D. Veerendra Heggade of Shri Kshetra Dharmasthala at Bangalore on September 15.
Ms Lata Kini, President of KCCI, presided over the meeting.
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