FKCCI - Mysore Commerce Magazine September 2017

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MYSORE C MMERCE F K C C I J o u r n a l Issue 09 MYSORE C MMERCE F K C C I J o u r n a l Issue 09 C O N T E N T S Special Feature 06 FKCCI Events Photo Gallery GST Update 10 26 31 FKCCI Sir MV Auditorium 34 K. Ravi President Sudhakar S. Shetty Sr. Vice-President C.R. Janardhana Vice-President M. C. Dinesh Immediate Past President P. Radhakrishnan Secretary-General Miscellaneous Events 36 Contributor’s Column 38 Kannada Feature 39 Team FKCCI FKCCI in Media 41 46 Federation of Karnataka Chambers of Comerce & Industry Federation House, K G Road Bangalore 560 009. Karnataka P H O N E 080 22262355/6/157 F A X 080 22251826 E - M A I L president@fkcci.in www.fkcci.org C I N U91110KA1938NPL000244 03
MYSORE C MMERCE F K C C I J o u r n a l Issue 09 From the President In First Person In a recent development that will cheer our business c o m m u n i t y , K a r n a t a k a continues to be the country’s top preferred destination for investments. The Trade and Industry is still grappling with the complex new Goods and Services Tax (GST) rolled out post-July 2017 and the trade and industry bodies are slowly getting the nuances of the law in place and hopefully, in the coming months the nation will be GST-compliant. There are bound to be several teething problems d u r i n g t h e o n g o i n g i m p l e m e n t a t i o n o f a transformational indirect tax regime such as GST. The FKCCI is setting up GST Simulation & Facilitation Centres in all districts of Karnataka in association with District Chambers of Commerce. Any Member of the Chamber can visit the GST Simulation Centre and seek clarification on specific issues related to their line of business. They are open basically to accelerate the process of GST integration especially among the MSME players who are finding it difficult to understand and grasp the nuances of the new law. The Chamber has partnered with renowned technology companies and the tax department to guide Members in solving compliance issues. India is expected to be home to a workforce of 500 million by 2022. About 12 million persons are expected to join the workforce every year. However, only 10% of the total workforce in the country receives some kind of skill training (2% with formal training and 8% with informal training). Considering the increasing requirement for skilled labour, FKCCI has decided to set up a Skill Development Institute. We are thankful to KIADB for having allotted 1.5 acres of land for setting up the Institute in Dobbaspet Industrial Area which shall aim to support the following objectives: Skill development for ITI graduates Exposure to real-life workplace situations Exposure to latest trends in Manufacturing/Innovation Collaboration with international skill development partners in Germany and Switzerland Host startups/incubators and provide mentoring and support for their growth The continued crisis in the farm sector has alarmed us all and so we at the FKCCI joined hands with Media Today Group to organize the 9th Edition of Agri-Tech India 2017 and Foodex 2017 which gave a single, common platform for all stakeholders of the farm sector to come together and stave off the crisis. All of us, especially from Industry, Trade and Commerce, need to join hands to encourage the Prime Minister’s vision of ‘More Crop, Per Drop’ and we at the Federation would like to urge the farm sector to adopt newer technologies in the cutting edge to increase farm output and better the quality of produce. FKCCI will establish a Centre for Business Excellence at its state of-the-art new Centenary building and conduct certification courses on export documentation, labour laws, tourism, GST etc. in association with government agencies and professional bodies. Sir MV Research Centre will be started where several position and research papers by renowned experts on a crosssection of relevant and topical subjects will be released, and support extended to the government to improve the Ease of Doing Business by highlighting pain-points of the industry and helping policy -makers to tune in with the industry requirements. For the first time, FKCCI will be representing at the prestigious international Conference, the “World Chambers Congress”, a premier event of its kind bringing together chambers, business and government figures on a single platform to discuss issues related to trade and industry, scheduled between September 19 and 21, 2017 at Sydney, Australia. In conclusion, I would like to state that the initiatives enumerated above, would enable FKCCI to play the role of a policy facilitator more effectively. Development, being a continuous process, I intend taking forward in continuing the initiatives taken by my predecessors along with my action plan. This would be possible only with the active support of the Government, the visionaries of the State and the Centre, Print and Electronic media, Members of FKCCI and the people of the State. With warm regards 04 K. Ravi 05
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FKCCI - Mysore Commerce Magazine September 2017

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