Bangalore, May 2 UNI | 3 months ago

Bangalore Chamber of Industry and Commerce (BCIC) has submitted a comprehensive Policy Recommendations to the Karnataka Government in the areas of Governance, Urbanisation, Infrastructure and Social Infrastructure to spur economic growth.

The recommendations were based on the deliberations held at its Economic Summit on 'Abhivruddhi Karnataka' held in December 2013.

BCIC President H V Harish, in a release here, said that 'the two-day Summit identified several deficient areas viz., regional imbalance in the growth which is focused only on Bangalore; inability to develop other urban growth centers; lack of thrust in manufacturing sector; infrastructure deficiency and inadequate steps to address skill deficit and finally on the lack of focus on job creations. What is most worrying is that the State has lost its growth momentum and poverty decline in the state is the lowest compared to any of the other Southern states and this is a cause for worry.'

BCIC Senior Vice President A N Chandramouli said that 'it is paramount that the State Government should address issues relating to social infrastructure by creating skill hubs which could serve as a catalyst for both mainstream education as well as vocational training.'

The suggestions also include developing North Karnataka and other backward regions of the State and provide incentives to industry to invest and foster growth in the region, revive and empower State Planning Commission which can then help plan and prepare a sound economic strategy, improved financing of urban local bodies by strengthening the infrastructure of its delivery mechanism develop a strong PPP model focused on delivering quality infrastructure rapidly at the lowest cost to the user rather than maximising returns to the Government, improve enrolment and retention rates at higher stages of school education, infrastructure of ITIs and other vocational education institutes need to be appropriately strengthened.

(Posted on 02-05-2014)