Talking on the inauguration of the Karnataka Small Scale Industries Affiliation’s (KASSIA) Centre of Excellence and Innovation in Bengaluru, Shivakumar underlined the significance of giving the youthful technology alternatives to develop.
“KASSIA will succeed provided that it exerts extra stress on the federal government than the massive industries,” he remarked.
He criticised the banks for failing to help the Centre’s annoucements. “The Central authorities makes grand bulletins like offering loans with out ensures or collateral, however banks don’t comply. They like lending to these with a confirmed observe file and are hesitant to help rising entrepreneurs,” the Deputy CM stated.
He urged KASSIA office-bearers to actively work in the direction of empowering the subsequent technology, stating that fostering competitors would naturally result in improved high quality. “The place there’s competitors, there’s high quality,” he added.
Addressing issues associated to labour, Shivakumar stated that business representatives had lately apprised him of their challenges. “I’ve knowledgeable the Labour Minister that we are going to not permit any firm to relocate out of Karnataka,” he stated.He steered {that a} delegation of 4 to 5 key representatives from the business ought to meet Union Cupboard Ministers to voice their issues, particularly in gentle of potential shifts to Andhra Pradesh and Tamil Nadu.
Shivakumar additionally expressed disappointment that some political leaders fail to understand the danger of companies relocating as a consequence of their slender deal with the Data Know-how and Biotechnology sectors, usually overlooking different industries.
