Hanumanthe Gowda R  

FROM THE PRESIDENTIAL PODIUM

After a long, suspenseful wait, the passage of Independent India’s biggest tax reform, the Goods & Services Tax (GST) is set to become a reality. The Central government has declared that it will do all it can to ensure the GST rolls out by April 1, 2017.

The State Government too has the administrative bandwidth and competence to ensure a smooth and quick transition under the able leadership of Chief Minister Sri Siddaramaiah. While there is no doubt that GST will be a great and welcome relief for the MSMEs, I would like to emphasise that the transition period would be a little testing and we have to gear up for the new tax architecture that will be in place.

At KASSIA we will certainly schedule a series of educative programmes on GST for the benefit of our Members.

I am happy to share with our Members that Karnataka has reclaimed its place as the topmost destination for investments in the country, taking the place of Gujarat.

Another great initiative taken by the Government is the launch of the Startup Cell, another first of its kind in the country that will nurture the growth of 20,000 new start-ups, including 6,000 product start-ups, by 2020 in Karnataka. At the same time, KASSIA would like the Government to give primary space to manufacturing SMEs in the startup eco-system.

At the recently held Bruhat Udyoga Mela jointly organized by KASSIA with KSSIDC, it was enthusing to see over 17,000 job seekers participating in the event. This was by all accounts a timely initiative as on an average around one lac fresh graduates enter the unemployment market.

We are also eagerly looking forward to the hosting of a Round Table with Hon’ble Chief Minister Sri Siddaramaiah – which may be convened shortly - where all department heads related to micro, small & medium enterprises (MSME) and stakeholders will be present to resolve pressing issues concerning the MSMEs.

Incidentally, it was extremely depressing to note the sad and untimely demise of Sri Rakesh Siddaramaiah, the elder son of our Chief Minister. It was cruel fate that took away the life of a young person in his prime and who showed a lot of promise. We have conveyed our heartfelt condolence to the Chief Minister on this sad occasion, and pray that God will give him and his family the strength to bear this personal tragedy.

Friends, let us come together in times good and bad...

With warm regards,
Hanumanthe Gowda R
PRESIDENT

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