Bangalore: Minister for Rural Development and Panchayat Raj Jagadish Shettar on Saturday said that investment in infrastructure had the potential to spur industrialisation in the State.
He was speaking at the State-level conference of district chambers of commerce, organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI).
Mr. Shettar said that infrastructure development “can also act as a vehicle for balanced regional development in the State”.
Referring to complaints by members that the Government is not responsive to the needs of small-scale industrialists, Mr. Shettar said that he would convey their demands to Chief Minister B.S. Yeddyurappa.
President of FKCCI J. Crasta said the two “most important problems” that need to be addressed immediately are food inflation and water scarcity in the State. “There is apprehension that if monsoon does not set in on time, even the dairy industry in the State could face serious problems,” he said.
Mr. Crasta said the State should shed its “IT-centric” focus and promote manufacturing.
K. Vasantha Kumar, president of Shimoga District Chamber of Commerce and Industry, urged the Government to align the Karnataka Value Added Tax (VAT) rate with those prevailing in other States.