MYSORE

COMMERCE
FKCCI JOURNAL
Volume XXXIII SEPTEMBER 2012 Issue 9

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td
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SEPTEMBER 2012

Business magazine from Federation of Karnataka Chambers of Commerce & Industry, Bangalore

On e
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Infrastructure - Blores

Nuts & Bolts

1

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Volume XXXIII

SEPTEMBER 2012

Issue 9

Business magazine from Federation of Karnataka Chambers of Commerce & Industry, Bangalore

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In this issue

Federation of Karnataka Chambers

of Commerce & Industry

Federation House
K.G. Road, Bangalore - 560 009. Karnataka
Phone : 080 - 22262355 / 6, 22262157
Fax : 080 - 22251826
e-mail : president@fkcci.in
Website : www.fkcci.org
President
K. Shiva Shanmugam
Sr. Vice-President
R. Shivakumar
Vice-President
S. Sampathraman
Imm. Past President
J.R. Bangera
Secretary & SG in Charge
S. Rajashekar
Secretary
M. Lokaraj

Presidents Desk

Bangalores Nuts & Bolts

FKCCI @ work

13

Photo Feature

20

FKCCI Sub-Committees: 2012-13

23

Economic Review - August 2012

24

Karnataka Business News

26

PPg: MAz aAv

28

Upcoming Business Events

31

Notification

34

Joint Secretary
Lillu Aswathiah
Deputy Secretaries
C.R. Ramesh
Shama Prasad Pattaje
Poornima K.K.
Soumi Kar Bhattacharyya
Rajashekar S. Anadinni
Asst. Secretaries
K.S. Satish
Umesh Madivala
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FKCCI
Membership

Membership 35

Articles in English and Kannada, not exceeding 2000 words may

be mailed to President, FKCCI, at president@fkcci.in latest by 20th
of every month. Kindly note that only soft copies will be accepted.
Any article received after this date will not be considered for
publication.
Please note that the views expressed in the Articles are of the
Authors and not of the organizations they represent.
Every possible care has been taken to ensure the accuracy of
information, however, FKCCI, its team and service providers do
not take responsibility for any commission of errors. We welcome
such errors to be brought to our notice for correcting the records.
3

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From the Presidents Desk

Bangalore Infra: The Good & The Bad

Dear Members,

K. Shiva Shanmugam
President

With all the flak that the Karnataka Government is receiving for Bangalores infrastructure
mismanagement, it comes as a surprise that the City stands in the 16th place out of the
Top 20 cities across the world in receiving investments. The Governments role in this
is substantial. The growing influx of people into Bangalore due to its economic boom
primarily in sectors such as information technology and biotechnology has upped
the need for added infrastructure which Karnatakas Chief Minister Jagadish Shettar
describes as a Challenge for the State Government. Bangalores biggest challenges
are monsoon floods and garbage clearance. In the past few days Bangalore has
seen this years heaviest rains, which has exacerbated the gross mismanagement
of garbage across the city by the civic agencies, leading to worries of a disastrous
outbreak of leptospirosis (rat fever) in the City. The piles of garbage strewn across the
city, due to the lack of a landfill to transport it to, were seen floating in the floods caused
by the rainfall which is the perfect recipe for epidemic diseases to spread.

The irony is not lost that

the State Government is to
be credited to a certain extent for both the good and
the bad about Bangalores
infrastructure. Civic infrastructure development and
maintenance has to have
the participation of both the
Government and Citizens.
Today almost all activism
is focused on attacking the
government and its institutions. It is not enough if the
Government builds flyovers
and a section of the citizens
throw garbage under it and
not in designated waste
bins. The infrastructure
challenge is therefore addressed to both sides of the
coin responsible for running
the City.

The negative press got a recourse when former Karnataka Chief Minister, Sri D.V.
Sadananda Gowda, while presenting the Budget for 2012-13 said that the BBMP will
get a support of Rs.1,000 crore for financing major projects, including road, parking
and solid waste management infrastructure during 2012-13.With parking being one
of the biggest problems a commuter faces, the Government has also announced that
eight parking complexes will be constructed at a cost of Rs.200 crore. The Metro Rail
project will also receive Rs.500 crore funding and within the next nine months, opening
of another 10.4 KM is planned.
Frequent traffic snarls due to the narrow and choked road network are proving to be
a growth bottleneck adding to increased costs of goods and services in Karnatakas
capital. The transportation infrastructure in Bangalore is dismal as buses and trains are
over-crowded, and sorely lack comfort and convenience for commuters, according to a
study paper Urbanising India and Mega Metro Network: Vision for the Emerging Cities
of India 2030. Thus it has urged the Karnataka Government to expedite its Rs.12,000crore metro rail project. To ease the burden off the citizens the BDA has made a
blueprint towards the improvement of the outer ring road for seamless connectivity
and construction of elevated roads.
There are lofty claims on paper that a whopping Rs.5,500 crore is going to be utilized
in the ensuing fiscal (2012-13) for addressing the infrastructure woes of Bangalore
Indias Technopolisin the Karnataka Governments Revised Master Plan 2015. That
is certainly music to the ears, for a citys slow developmental travails over the years. It
is about time for action.
Thank you

K. Shiva Shanmugam
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Cover Story
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Bangalores Nuts & Bolts

- K. Altaf

Managing Editor, The SME Times.com

www.thesmetimes.com

Bangalore stands in the 16th place out of the Top 20 cities across the world in
receiving investments. The Karnataka Government proposes to spend a whopping
Rs.5,500 crore in the ensuing fiscal (2012-13) for addressing the infrastructure
woes of Indias tech hub, including its poor public transport and traffic snarls on its
thoroughfares. Its civic bodies will also be allotted Rs.1,000 crore for funding major
infrastructure projects, including road widening, parking and other amenities. The
urban form and sprawl of the city, as envisaged by city planners, is expected to grow
by a huge proportion in the coming years.

angalore is one
of Asias fastest
growing cities and
also one of the
most sought after cities in
India to live and visit due to
its salubrious climate, booming
economy, work opportunities
galore,
good
educational
institutes and many tourist
sights. For a long time after
Indias independence in 1947,
Bangalore was a B-1 status
city, and was not considered
to be one of Indias four major
metropolitan cities. Successive
State Governments over the
years have been trying to get
the Metropolitan City status
for Bangalore. In simple terms
Metropolitan city can be defined
as a mega city of influence
with a huge population. When
Bangalore gets this status it will
be eligible for more funds from
the centre which will help in
the development of Bangalores
infrastructure.

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th Outstanding Bridge National Awards Competition
instituted by Indian Institution of Bridge Engineers.

The Growing Years

Bangalore grew and grew over the years, which increased its
appetite for organized civic amenities. This led to the rapid
growth of civic bodies in the city. For instance, the Karnataka
Electricity Board (KEB) was formed in 1957. KEB was
performing well until losses in revenues through the mid-1980s

and 1990s prompted the Karnataka Legislature to pass the

Karnataka Electricity Reforms Act in 1999, which corporatized
the KEB into the Karnataka Power Transmission Corporation
Limited (KPTCL). The distribution of the Bangalore division
was vested with the Bangalore Electricity Supply Company
Limited (BESCOM), which caters to 2.1 million customers in the
Bangalore metropolitan area. To cater to the electricity needs
7

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of a growing population, BESCOM has sought to commission

11 additional 66/11 KV substations. Over 4,000 distribution
transformer centres were added. One recent survey indicated
that 94 per cent of citizens were satisfied with BESCOMs
performance. Well, as critical as electricity is to a modern city
is the availability of piped water. Thus to address this need, the
Bangalore Water Supply and Sewerage Board (BWSSB) was
constituted in 1968 to supply water to the city and to provide for
the disposal of sewage.

I have a dream, a vision

for this one State with
many
opportunities.
Vision 2020 for Karnataka seeks
to propel a holistic growth by
promoting equitable development
of sectors and districts, by providing
employment to all sections of
people and regions of the State.
- Jagadish Shettar, Hon`ble Chief Minister

In 1976, the City Improvement Trust Board formed the Bangalore

Development Authority (BDA), whose objective was to ensure
proper planning and development of the metropolitan area.
Bangalores city layout can be divided into three segments based
on their collective growth, namely, MarketsK.R. Market,
Malleshwaram, Magadi Road, Ulsoor and others; Commercial
CentresGandhi Bazaar, M.G. Road, Brigade Road, Commercial
Street among others; Industrial LayoutsElectronics City,
Bharat Electronics Limited layout and HAL Layout.
Later the State Government realized that it could not solely
finance the up gradation of Bangalores infrastructure
requirements. Given the constraints on financial resources
available with Government there has been an increasing focus
on attracting private sector participation in the development of
infrastructure projects. In order to create an efficient way of
sharing risk, joint financing and achieving balanced partnership
between private operators and public authorities, termed
as Public - Private Partnership (PPP), the Infrastructure
Development Department (IDD) was formed in 1996. It also
plays a significant role in the developing of air, rail and maritime
connectivity for Karnataka.
To cater exclusively to the Citys burgeoning transport needs,
the Bangalore Metropolitan Transport Corporation (BMTC)
was hived off from its parent company, the Karnataka State
Road Transport Corporation (KSRTC) through private sector
investment, and made a profit of Rs. 267 million in 2001-2002.
The Bangalore Agenda Task Force (BATF), a private-public
partnership enterprise, was established during the S. M. Krishna
administration to coordinate civic improvement and development
activities with the BDA and Bangalore Mahanagara Palike
(BMP).
With growth comes the pitfalls too. In the earlier part of the
last decade Bangalores infrastructural woes had met with
protests by students and IT workers in the city. In July 2004
8

Wipro Technologies CEO Azim Premji threatened to pull his

company out of the City unless there was a drastic improvement
in infrastructure over the next few years. Calling upon the
government to focus on large areas for execution, he had then
voiced that various projects held up for whatever reasons were
required to be put on stream and accelerated. It is the key
responsibility of the State Government to ensure execution of
policies and projects that have been pending for implementation
for too long, Premji pointed out. Later in 2005, the Central and
State Governments allocated sizeable funding from their annual
budgets towards the improvement of Bangalores infrastructure.
Expressing similar sentiments Infosys Technologies Chief Mentor
Narayana Murthy had said, The improvement in infrastructure,
including roads, bridges, airport, hospitality industry and
education is not in pace with the growth of the IT industry. If
that is addressed to quickly the State can register double the
present export volume.

Issues and Concerns

The growing influx of people into Bangalore due to its economic
boom primarily in sectors such as information technology and
biotechnology has upped the need for added infrastructure which
Karnatakas Chief Minister Jagadish Shettar describes as a
Challenge for the State Government. He made the comment
after recently inaugurating the new headquarters of the Bruhat
Bangalore Mahanagara Palike (BBMP). Deputy Chief Minister
and Home Minister R. Ashok said the cash-strapped BBMP
requires government assistance, pointing out that Bangalores
biggest challenges are monsoon floods and garbage clearance.

Bangalore, Oct 5, 2009: Three days of rain and floods in

Karnataka have caused damage of around Rs.16,500 crore
besides leaving 195 people dead -TopNews.in

The BBMP has been instructed to focus on the much needed

pedestrian infrastructure, parking facilities and solid waste
management apart from planning large infrastructure projects.
Kiran Mazumdar Shaw, the founder and CMD of Biocon made
a strong observation in June 2012 that while the Karnataka
Government is embarking on its next edition of Global Investors
Meet (GIM), there is hardly any infrastructure in the State on
which investors can bank on. She had then commented, Power

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Bangalore International Airport

and roads are a big problem and successive governments are

responsible for this.

The State has

announced the
Karnataka New
Industrial Policy 2009-14
with an objective of creating a level playing field for
a free and fair competition
and robust industrial growth across the
State. Special emphasis has been laid on
the development of adequate and quality
infrastructure in all regions.
- Murugesh R Nirani
Hon`ble Minister for Large & Medium Scale Industries

This statement made the Government machinery go into an

overdrive to assuage her. Shaw says, Following my outburst
senior government officials came and explained to me that
a good part of the proposed investments that are likely to be
committed in the forthcoming GIM, will be made available to
address power and basic infrastructure needs of Karnataka
and especially Bangalore. I have never opposed the GIM, but
there has to be progress and there needs to be time-bound
implementation of projects.

Bangalores growth has also left its natural resources bereft. Its
lakes and water bodies, which were once a perennial source of
drinking water, are mostly dead or drying up. In 2009 BDA took
up the revival of 12 lakes costing Rs 105 Crores. Work on 10
of these lakes is nearing completion. However the Citys largest
lakes like Varthur and Bellandur remain highly polluted with
sewage and chemicals. If rejuvenated, these could be used to
supply brown water to industries in East Bangalore. BDA was
entrusted with Bellandur Lake Rejuvenation, but it is unlikely
to be completed in 2012. Meanwhile the BWSSB has ambitious
plans of supplying 500MLD of Cauvery water to Bangalore in
2012 from its Cauvery 4th stage scheme. Work is well under
progress.

Roads for Prosperity

The BDA seeks to transform Bangalore to an ideal global
destination with high quality infrastructure, better quality of
life by ensuring sustainable and planned development based
on effective monitoring, regulation, through participatory and
innovative approach. The superstructure of Hebbal Flyover of
BDA has bagged the first award at the 9th Outstanding Bridge
National Awards Competition instituted by Indian Institution
of Bridge Engineers. The Hebbal Flyover the biggest flyover in
South Asia was executed by Gammon India Limited. This unique
Interchange has four loops having two carriage ways with total
six lanes allowing traffic entering in to the city and that moving
out of the city with greater ease. The total cost of this mega
project was Rs.42.98 crores. RITES, a Government of India
enterprise had designed the flyover.
The growth of Information Technology in Bangalore, which is
the largest contributor to Indias software exports, has led to
9

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a decadal growth that is second to only that of Indias capital

New Delhi. The massive growth that the city has witnessed in
the last decade is a clear indication of this city being developed
to be at par with the most modern cities in the world. The citys
roads, however, were not designed to accommodate the vehicular
traffic, growing at an average of 8 per cent annually. Bangalore
continues to fall behind in this area. While there is still a lot to be
done with regards to the chock-a-block traffic, the Government
has indeed been working at a great speed to bring Bangalore
at par with the great cities of the world. Several flyovers have
come into existence in the last few years easing the traffic and
making travel easier. Metro Rail, the International Airport at
Devanahalli, four-laning of Bangalore-Mysore Road, BangaloreMysore Express Corridor, improvement in BMTC services, more
flyovers and underpasses are expected to make traveling both
within the city and from outside more comfortable.
Bangalores vehicular traffic has increased manifold, with 1.6
million registered vehicles in the citythe second highest for an
Indian city, after New Delhi. The maintenance and construction
of roads to address the growing traffic in the city has been a
challenge to the BDA and the BMP. Development of the city road
infrastructure has revolved around imposing one-way traffic in
certain areas, improving traffic flow in junctions, constructing
ring roads, bridges, fly overs and other grade separators.
Six high volume junctions were identified for improvements,
through a public-private partnership involving corporate sponsors
and various state government agencies, such as the Siddapur
Road and Hosur Road junction, sponsored by Infosys and the
Airport Road and Intermediate Ring Road junction sponsored by
the TATAs. Flyovers were constructed in the city to ease traffic
congestion. To ease the vehicular gridlock across the citys main
roads, the BBMP will take up five signal-free corridor projects
covering 52 K.M. across the city at a cost of Rs.426 crore. Eight
parking complexes will be built in the city at a cost of Rs.200
crore while solid waste management centres will be set up at a

Road in the east. Thus these four major entry points near current
BDA limits have been identified for erection of towers, on the
lines of the four Kempe Gowda Towers that earlier marked the
limits of the old city of Bangalore. There will be sculpture work
done on the walls along the median and the sides of the highway
on the lines of the bas relief at Hampi, with different themes
at different locations depicting the contribution of the state of

The improvement
in infrastructure,
including roads,
bridges, airport, hospitality
industry and education is
not in pace with the growth
of the IT industry. If that is
addressed to quickly the State can register
double the present export volume.
- Narayana Murthy, Chief Mentor, Infosys Technologies

Karnataka and Bangalore to the Nation.

Another major infrastructure project which has a probable
chance of completion in 2012, is the Signal Free Outer Ring
Road, a 31 K.M. stretch from Silk Board to Hebbal Junction.
The first phase launched in October 2008 at a cost of Rs.93.94
crore by the BDA, included flyovers at Agara and Iblur Junctions.
This work was completed in 2011. Second phase was launched
in June 2009 covering 8 junctions at a total estimated cost of
Rs.333.68 Crores. This work is expected to be completed in
2012, providing signal free ride on ORR between Silk Board
and Hebbal, a major relief for South-East Bangalore and the
IT Corridor. Airport access has been a major concern. BDA is
planning East Side Airport Access Corridor from Chandapura
on Hosur Road to Bangalore International Airport via Gunjur
& Budhigere. The Bellary Road Elevated Corridor seems to be
done in 2012, giving an easy access to the airport for this side
of the City.

Target 2015 A.D.

Traffic Jam in Bangalore

cost of Rs.200 crore during next fiscal.

Bangalores road network exceeds 3,000 K.M. (1,800 miles)
and consists of ring roads, arterial roads, sub-arterial roads
and residential streets. The city road network is mainly radial,
converging in the centre. The main roads of Bangalore coming
into the city include Bellary Road in the north, Tumkur Road and
Mysore Road in the west, Kanakpura Road, Bannerghatta Road
and Hosur Road in the south and Airport Road and Old Madras
10

Bangalore stands in the 16th place out of the Top 20 cities across
the world in receiving investments. The Karnataka Government
proposes to spend a whopping Rs.5,500 crore in the ensuing
fiscal (2012-13) for addressing the infrastructure woes of Indias
tech hub, including its poor public transport and traffic snarls on
its thoroughfares. Its civic bodies will also be allotted Rs.1,000
crore for funding major infrastructure projects, including road
widening, parking and other amenities. The urban form and
sprawl of the city, as envisaged by city planners, is expected to
grow by a huge proportion in the coming years.
According to the Karnataka Governments Revised Master Plan
2015, Bangalore Citys key infrastructure projects that will
accelerate connectivity within the city and outside; and also play

Estd. 1916

Cubbon Park, Banglore.

a core catalyst to the Citys growth include:

Bangalore International Airport
Located in the north of the city, the airport at Devanahalli resulted
in many parallel developments that have taken off in its vicinity.
There has been an increased demand for plots, residential
layouts, office spaces and farm land. The roads leading to all
these are now being upgraded to an elevated project to give a
boost to connectivity. The government also has plans to set up a
huge aerospace, IT and BT Special Economic Zone close to the
airport. Mass transit systems have also been planned to enable
travellers to reach the airport faster. Development along the
route to this landmark has also taken interesting detours at the
Doddabalapur Road, Jalahalli and Yeshwanthpur-Hebbal stretch.

It is the key
responsibility
of the State
Government to ensure
execution of policies and
projects that have been
pending for implementation
for too long
- Azim Premji, CEO, Wipro Technologies

NICE Corridor
This connectivity project is known for its world-class quality and
ability to ensure a smooth and hassle-free ride has resulted in

the sprouting of many real projects in the south west of the city.
The peripheral ring road of the expressway is a big relief for
commuters in the city. Commuting from Jalahalli to Electronic
city on Hosur Road, which was unrealistic earlier given the
Citys traffic and congestion, is now easily possible thanks to
this corridor. This has given a boost in the sale value of villas
in Bangalore; land for sale in Hosur; and plots near Electronic
City. Massive apartment complexes, IT parks and malls close
to the NICE corridor offer good rental returns. Hence, this
infrastructure project has given a boost to areas which were
earlier not easily accessible.

Metro Rail-Namma Metro

The Metro Rail project that will criss-cross the City will be
an astute driver of its growth story. Though it will run across
congested areas and already well-established residential
regions in the city, the Metro Rail will open a new chapter. The
Namma Metro work, Reach 1 will be completed by 2014. Of the
estimated Rs.11,609 crore for the first phase, Rs.7,168 crore
has been spent so far.
The second phase, to be taken up at a cost of Rs.24,000 crore,
will be completed by 2018. The State Government has approved
phase two of the Bangalore metro rail project to extend the
high-speed service across the city covering 72 km more by 201718 at a cost of Rs.26,405 crore.
The State Cabinet had already approved it, while the Union
government has in principle given its approval. The second
phase of the Bangalore Metro Project is expected to get central
government approval in September. The Bangalore Metro Rail
Corporation has started exploring funding options, including
tapping domestic bond markets.
With the opening of Reach-1 between Baiyapanahalli and
11

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In the wish list of Bangalore infrastructure

Cricket Stadium (6.7 km); Namma Metro seems to have picked

up steam and 2012 should see the opening of Reach-2 from
Leprosy Hospital to Mysore Road (6.4 km); and Reach-3 from

Karnataka has specific

issues related to
infrastructure. Huge
power capacity is being created
but fuel supply scenario for that
is bleak. The State has to improve
base load performance in power
sector. In the last two years, we
are losing substantial energy in the installed capacity.
- K. Shiva Shanmugam, President, FKCCI

Sampige Road to Yeshwanthpur (5.1 km). Properties along the

tract will now be able to go vertical and command higher prices
due to its proximity to Bangalores new transit system. The areas
around Baiyapanahalli such as Ramamoorthynagar, C V Raman
Nagar, and Kaggadasapura have witnessed property prices go
up after the Reach I of the project was completed and became
operational.

IT corridor
The Citys IT belt is the main driver of its growth, and is located in
the south and eastern parts like Whitefield, Devarabeesanahalli,
Hosur Road, Bannerghatta Road and Kanakpura Road. The
emergence of huge IT parks and construction of roads to connect
the IT belts has led to residential and retail options emerging in
a major way.

Industrial belts
Peenya and Hoskote have emerged as success stories in the citys
industrial growth map. Situated to the north and east of the city
respectively, these industrial parks have also grown much beyond
their boundaries. While the Peenya industries are looking at
Dabaspet and the greater Peenya Industrial Area to further
their growth story, the Hoskote industrial growth is happening up
to Narsapur. This is due to infrastructure projects such as good
roads that are offering efficient connectivity in these areas.
There seems to be plenty of infra-action to look forward to
positively happening in Bangalore at least till 2015. The State
Government has to fire all its cylinders to keep the momentum
of its infrastructure activity going which will be directly
proportional to the growth of the City. Else the Brand Bangalore
machinery is going to be the loser if it loses out on its crucial
nuts and bolts carrying it.

There seems to be plenty of infra-action to look forward to positively happening in Bangalore at least till 2015. The State Government
has to fire all its cylinders to keep the momentum of its infrastructure activity going which will be directly proportional to the
growth of the City. Else the Brand Bangalore machinery is going to be the loser if it loses out on its crucial nuts and bolts carrying it.
12

FKCCI News

FKCCI @ work
Bankers Meet
An interactive meeting with the Bankers was organized to
discuss e-payment related issues concerning Commercial Taxes
and other banking issues on 31st July 2012 at FKCCI.
Mr. K.Shiva Shanmugam, President, FKCCI, in his welcome
address said that the Department of Commercial Taxes,
Government of Karnataka had notified 14 banks for collecting
e-payments. As per Notification No.EG1CR 4/2012-13 dt.
27.4.2012, it had become mandatory for all dealers, paying
an amount of Rs.25,000 or more as tax, to pay the amount by
electronic remittance. Further, he said that FKCCI had requested
the RBI to authorise all banks to collect taxes online as it would
save the Business Community from opening another account in

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Mr. B.N. Biradar, Asst. Commissioner of Commercial Taxes,

e-filing, in his address said that CTD should recommend to
the finance department, who will then recommend RBI, for
authorizing banks for e-payment.
During the interaction, the members said that they were finding it
very difficult to open online accounts & operate in the designated
Banks notified by the Department for e-payment. Even after the
accounts were opened many banks were informing that online
payment would take time to get activated. Loans were not being
given to the MSME sector and collateral security was being
asked for.
General Managers, Deputy General Managers, Asst. General
Managers, Chief Managers of leading banks like SBM, IOB,
Bank of Maharashtra, SBI, Corporation Bank, Bank of Baroda,
Syndicate Bank, SBH, UBI and IDBI participated in the Meeting.
They said that it would take time to open and operate online
accounts as creating awareness in the Districts on the facilities
available, providing loans for MSMEs on priority basis, following
KYC norms are all time consuming.

Interactive Meeting with

Mr. S.N. Siddaramappa,

DCP, Bangalore (West)

Interactive meeting with Bankers - 31st July 2012

these notified banks. FKCCI had also requested the Commercial

Taxes Department to notify all banks for e-payment and also
brought to their notice the concerns expressed by the members.
While addressing the members, Mr. R. Jagadeesh Prasad, Addl.
Commissioner of Commercial Taxes (GST), Govt. of Karnataka,
said that the Commercial Taxes Department had first introduced
e-filing which was a success. Then it introduced e-payment
which is also successful from the banking sector as well as the
dealers perspectives. The department had authorized only 14
scheduled banks because they were recognized by the RBI, but
were planning to request all the banks to be notified for the
convenience of the dealers, he added.
Mr. B.T. Manohar, Chairman, State Taxes Committee, FKCCI,
in his observations said that the dealers who are customers in
net banking are finding difficulty in operating the accounts. He
requested the Bankers to educate the dealers in this regard and
not to insist on maintaining a minimum balance.

Interactive Meeting with Mr S N Siddaramappa, IPS,

Dy. Commissioner of Police, Bangalore (West) - 2nd August 2012

An Interactive Meeting with Mr. S.N. Siddaramappa, IPS,

Deputy Commissioner of Police, Bangalore (West) was held on
2nd August 2012 at FKCCI.
Mr. S.N. Siddaramappa mentioned about the hardships,
infrastructural difficulties, low manpower availability and
increased workload over the years and the sudden upsurge in
13

Estd. 1916

population of Bangalore in last decade. Disagreeing with the

NCRBs data regarding crimes against women, he stated that
actually crimes vary and in most cases belongs to elopement,
Immoral Traffic (Prevention)Act and such other occurrences.
He also said that the Department is taking action against police
staffs who refuse to register cases. They are also making rules
for hotel owners to record addresses and contact numbers of
people staying with them stricter. Referring to cracking down
on bars which flout rules and serve customers on the road, the
DCP said that he himself had written to the Excise Department
to cancel the licenses of such bars. They do not listen to us.
Not even one bars license is suspended he regretted. He also
called on the industry bodies to come forward with donations for
HD CCTV cameras. We are extremely short staffed. There is a
policeman for 1000 people he stated.
Mr. K. Shiva Shanmugam, President, FKCCI in his welcome
address stated that the effects of industrialization, growth and
development are resulting in social unrest, group clashes, lowmorality and youth resorting to crime to maintain lifestyle.
Bangalore now needs police force that is sophisticated,
equipped with modern weaponry, high-tech gadgets and above
all high caliber manpower Mr. Shanmugam observed. Cyber
crime, crimes against women and children are a matter of
serious concern and just 2 all-women police stations in Bangalore
seem to be inadequate, he stated. President, FKCCI lauded the
Government efforts for compulsory registration of tenants.

Address by

Mr. D. Venkatesha Murthy,

Worshipful Mayor, BBMP

Address by D Venkatesha Murthy,

Worshipful Mayor, BBMP - 3rd August 2012

FKCCI organized an interactive meeting with Mr. D. Venkatesha

Murthy, Worshipful Mayor, BBMP, on 3rd August, 2012.
Addressing the gathering Mr. D. Venkatesha Murthy, expressed
that delay in receiving funds, lack of revenue generation from
BBMP and court stay orders for initiating projects are obstructing
smooth implementation of the projects in developing Bangalore
14

city. He further explained that they have initiated 12 projects in

BBMP adopting PPP model. He informed that installing wind
mills for generating power on buildings with five and above floors
will be made compulsory to tackle the power problem in the
city. Discussing on Trade License, the Mayor informed that there
was a notification that Trade License will be called as Business
Certificate and all traders have to get the Business Certificate
and the renewal could be done once in three years or five years.
Mr. K. Shiva Shanmugam, President, FKCCI in his welcome
speech explained that Bangalore city, being in the forefront
in IT/BT, Service and Industry Sector lacks adequate
infrastructure. Mr. Shiva Shanmugam stressed on the issues of
waste management, drinking water problem and open storm
drains in the city.
President FKCCI further stated that development of infrastructure
in the city has been a long felt need. The improvement of the
infrastructures will attract not only the best talents for business
establishments but also attract the investment for fueling growth
and development of industries in the city.

Workshop on Service Tax

A Workshop on Service Tax - Applicability of New Enactments,
Rules, Negative List etc. was held on 4th August 2012 at FKCCI.
Mr. S. Sampathraman, Vice-President, FKCCI, in his welcome
address said that the Union Budget 2012 had ushered a new
system of taxation of services. Consequently all services except
those listed in Negative List and Mega Exemption Notification
were taxable from 1st July 2012. The new changes would
prepare both the Department as well as the tax payers for the
eventual transition towards Goods & Services Tax (GST).
Mr. I.S. Prasad, Chairman, Central Taxes Committee, FKCCI,
said that the entire law has been re-written and has thrown
open new challenges to the tax payers, department and even
professionals.
Mr. K.S. Naveen Kumar, Advocate, in his presentation explained
about the new Service Tax Law, its comprehensive approach,
definition of service, negative list, mega exemption, meaning of
taxable territory, declared service and support service.
Mr. S. Siva Kumar, Chartered Accountant, made a presentation
on valuation of taxable services, valuation of works contract,
reverse charge mechanism and bundled services.
Mr. Deepak Kumar Jain B, Chartered Accountant, moderated
the afternoon session and introduced the speakers.
Mr. Madhur Harlalka, Chartered Accountant, in his presentation
on Place of provision of Service Rules 2012, touched upon
taxable territory and how to determine location. In his
presentation on Point of Taxable Rules, he touched upon validity,
date of payment, determination of point of taxation, completion
of service, change in effective rate of tax and payment of tax in
case of new services.
Mr. B.D. Chandrashekar, Chartered Accountant, made a
presentation on Service Tax procedures, exemption conditions,
registration, amendments to registration, centralized
registration, issue of consignment note, input service distributor,
transfer of credit, CENVAT credit, payment of service tax,
penalty, e-payment, provisional assessment, returns, and
exemption to SEZ.

Estd. 1916

Interactive Meeting with

Mr. M N Vidyashankar, IAS, Principal Secretary,

Dept. of Commerce & Industries

At the outset, Mr. M.N. Vidyashankar, IAS,

Principal Secretary, Department of Commerce
& Industry, Government of Karnataka informed
that Electronic City Industrial Area would
shortly be designated as notified area and a
note on Peenya, Belgaum and other township
development issues has been presented to the
Government for consideration. The 1st hardware
technology park set up near the Banglore
International Airport in Devanahalli will be
inaugurated during end-September, this year, he
said. Highlighting the comparative advantages of
India and Taiwan, Mr. Vidyashankar said that the
Department expects the park to host 300 to 500
Taiwanese companies coming to Bangalore to
set up shop as well as explore joint ventures with
their counterparts in Karnataka. Investments to
the tune of Rs.600-750 crore are envisaged for
the project, which will be devoted to setting up
manufacturing chips, LEDs, computer hardware
Address by Mr. M N Vidya Shankar, IAS, Principal Secretary,
and telecommunication equipments. He also
Commerce & Industries, GoK - 7th August 2012
declared that an agreement with Taitronic
company has agreed to provide the pipeline and has committed
(Taiwan Electronics Manufacturers Association) and TCA
to complete the work in 13 months.
(Taipei Computer Associates) will be signed by the Government.
Mr. Vidyashankar informed that the Government of Karnataka is
Mr. Vidyashankar said that the Department has already taken
contemplating setting up an innovation and technology institute
decision to exempt industries from paying trade license fee to the
on the lines of the Industrial Technology Research Institute
local bodies, the BBMP and others, which would be announced
(ITRI), Taiwan at Mokshagundam, to provide a boost to industry
soon.
and industrial activities. 250 acres of land has been identified
The Industry Ministry has sent a note to the Urban Development
and the approval is awaited. A report in this regard has been
Department asking BBMP not to force trade licenses on
prepared by scientist Roddam Narasimha, being vetted by Prof.
industries, but other shops and establishments will not be
exempted from obtaining the trade license, he added. Regarding
C.N.R. Rao.
enhancement of the scope of single window agency and high level
While interacting with the members, Mr. Vidyashankar
suggested that trade bodies and the concerned Government
committee to clear projects of higher value Mr. Vidyashankar
Departments should meet at least once in a quarter to sort out
said that it is being duly considered by the State Government.
issues pertaining to industry and commerce in the state.
He also mentioned that the Karnataka Small Scale Industries
Earlier in his welcome address Mr. K. Shiva Shanmugam,
Development Corporation would be renamed Micro Small and
Medium Enterprises Corporation.
President, FKCCI mentioned that Karnataka needs to cope
Commenting on the Global Investors Meet 2012, Mr.
up with the rising demand of power, road connectivity and rail
connectivity. There is an urgent need to sanction power for
Vidyashankar announced that the Honble Chief Minister of
Karnataka will be launching a new portal wherein investors can
the new industries coming up in the industrial areas of all the
districts. Infrastructure including proper solid waste disposal
track the status of their projects. This portal, containing details
of all the existing and upcoming industries, would be linked with
mechanism, within the industrial estates in every district, need
the present Advantage Karnataka website. The portal will list
to be upgraded. The issue of MSME Corridors adjacent to the
the number of clearances required and days needed by each of
National Highways is also to be addressed, he added.
Mr. C.R. Janardhan, Chairman, Industry, MSME and Corporate
the Departments for approval. A total of 138 industrial areas
Affairs Committee of FKCCI in his observations said that training
have been geo-spatially mapped to facilitate identification of
centres for skill development should be established in the State.
vacant plots for setting up industries.
To address domestic and industrial water demand in the State, a
He also mentioned that the Joint Directors should disseminate
tertiary treatment plant with a capacity of 60 million litres per
information on all MSME Schemes available in their respective
areas so that they can avail the advantages of the Schemes.
day, has been proposed linking a major raja kaluve. A French
15

Estd. 1916

Dr. Rahul Khullar, Chairman,

Interactive Meeting with

Telecom Regulatory Authority of India (TRAI)

Interactive Meeting with Dr. Rahul Khullar, Chairman, TRAI - 13th August 2012

An Interactive Meeting with Dr. Rahul Khullar, Chairman,

Telecom Regulatory Authority of India (TRAI) was held on 13th
August, 2012 at 5:00 p.m. at FKCCI.
Dr. Khullar said that the proposed auction of airwaves would
be successful. He informed that the telecom industry has not
replied back on the issue of TRAIs decision to fix reserve price
at Rs.18,000 for spectrum once it was put on in the public
domain. He said that TRAIs recommendation is not mandatory;
the government is free to modify their suggestions. The Supreme
Court had fixed a deadline up to August 31, 2012 for the
spectrum auction.
He informed that, if prices for essential commodities has seen
steep rise in recent years, it is inevitable that mobile call tariff
would go up as well. Although telecom service providers are
under tremendous pressure, the source of their problem lies in
the legacy decisions taken by the service providers in the past.
He also informed that TRAI proposed to levy a late fee of up to
Rs.2 lakh on telecom operators which fail to report tariff within
seven days from the date of implementation.
Mr. K. Shiva Shanmugam, President, FKCCI in his welcome
speech said that our country is the second largest mobile phone
market in the world and there is a constant increase in the
number of subscribers and users. The GSMA, which represents
the interests of mobile operators worldwide, has announced
that India will become the second largest mobile broadband
market globally within the next 4 years with 367 million
mobile broadband connections by 2016. This will make it a
larger market than the US. He said that FKCCI feels that the
Indian Government should facilitate timely release of additional
spectrum in a fair and transparent way for all stakeholders.
While making the observations, Mr. I.S. Prasad, Chairman,
16

Economic Affairs, said that though TRAI has set some guidelines
on unwanted text message and calls, the telemarketers are
now using international gateways to achieve their objectives
at the cost of continuous harassments to subscribers. He told
that FKCCI will join hands with TRAI to organize awareness
programme on role of TRAI across the State.
During the interactive session, terming TRAIs recommendations
on spectrum auction as arbitrary, regressive and inconsistent,
telecom operators said that the proposals would hurt further
investment in the sector and expansion of services in rural areas.
Many operators had expressed apprehensions that tariff would
go up steeply if TRAI recommendations were accepted.

Workshop on Update on KVAT

and e-Initiatives of Commercial
Taxes Department at Mysore
A Workshop on Update on KVAT and e-Initiatives of Commercial
Taxes Dept. was organized by Mysore Chamber of Commerce
& Industry (MCCI) in association with the Federation of
Karnataka Chambers of Commerce & Industry (FKCCI) and
District Industries Centre (DIC), Mysore, on 17th August 2012
at Mysore.
Mr. Sudhakar S. Shetty, President, MCCI, in his welcome address
mentioned that such Workshop has been organized for the first
time in Mysore and that the response is encouraging. He thanked
the FKCCI for organizing the Workshop in Mysore, which gives
an opportunity to discuss practical problems.

Estd. 1916

Mr. R. Jagadeesh Prasad, Additional Commissioner of

Commercial Taxes (GST), Commercial Taxes Department,
Bangalore, thanked all the taxpayers for co-operating in making
the VAT system successful. FKCCI and the District Chambers
in coordination with the Commercial Taxes Department
were playing an important role in creating awareness on the
e-initiatives, he said. He requested the taxpayers to help in
strengthening the Governments initiatives and getting more
revenue to the Government.
Mr. B.M. Basappa, Joint Commissioner of Commercial Taxes,
Divisional VAT Officer (Admin), also interacted with the
participants during the Workshop on the issues affecting the
assesses.
Mr. K. Shiva Shanmugam, President, FKCCI, in his address said
that Help Desks of the Commercial Taxes Department should be
set up in every District so as to guide Trade & Industry about
the changes and help them in complying. He further informed
that through the Commercial Taxes Consultative Committee, the
FKCCI discusses practical problems faced by Trade & Industry
and many a time the Department has taken serious note of it and
provided the necessary relief, he added.
Mr. B.T. Manohar, Chairman, State Taxes Committee, FKCCI gave
an update on VAT and Mr. V.V. Hodlur, Deputy Commissioner of
Commercial Taxes, GoK, made a presentation on the e-initiatives.

Awareness and Education

Seminar on Agribusiness &
Commodity Futures Market
Price Risk Management

Mr. K. Shiva Shanmugam, President, FKCCI

lighting inaugural lamp at the seminar

FKCCI is supporting The Hindu Business Line, in organizing

a series of Stakeholder Awareness and Education Seminar
on Agribusiness & Commodity Futures Market Price Risk
Management in association with Forward Market Commission

and NCDEX across various districts of Karnataka.

The first Seminar was held at Mysore on 17th August 2012
followed by the second at Bangalore on 18th August 2012.
Addressing the Seminars, Mr. K. Shiva Shanmugam, President,
FKCCI said that commodity trading in India, with globalization
and liberalization, has witnessed a massive resurgence turning
itself into one of the most rapidly growing areas in the financial
sector. In the wake of globalization and consequent surge in
the global uncertainties, financial organizations are engaged
in devising instruments to contain the price risk resulting due
to uncertainties. Agricultural producers are prone to several
risks such as price, crop failure, seasonal variations, storage
and a plethora of other natural disasters, which influence their
income speculations and have negative impact on the standard
of living, ability to build capital and ability to access credit and
repay debts. The impact of price volatility on producers is much
greater in developing countries than it is for those in developed
market economies. This calls for a system, which not only yields
adequate return to its producers but also ensures timely supply
at desired prices to the consumers. It is in this sphere that the
futures markets hold immense potential for the economy.
The Seminar at Mysore was also supported by the Mysore
Chamber of Commerce & Industry. In his welcome address
during the Seminar held at Mysore, Mr. Sudhakar S. Shetty,
MCCI mentioned that 60% of Indian population lives in
village and majority depends on agriculture which continues to
support numerous linkages and thus becomes a supplier of vital
industrial raw martial. Agriculture is rapidly changing due to
globalization and these awareness seminars would help combat
the bottlenecks that come day in and day out.
The Chief-Guest for the Seminar held at Mysore was Dr. P.S.
Vastrad, IAS, Deputy Commissioner, Mysore. Dr. Vastrad said
that there is no safety or security for the products of farmers
or industrialists. Price assessment for the product in advance is
essential to plan for the future, he said. Farmers always get into
problems either in marketing or transporting their products. He
said that Agriculture was the most risky business in India due to
various reasons. To build buffer stocks, a lot needs to be done to
create storage space at villages and hoblis, he added.
Dr. G.K. Vasantha Kumar, Additional Secretary, Agriculture
Department, Government of Karnataka was the Chief-Guest for
the Seminar organised at Bangalore. In his Keynote address Dr.
Kumar said that farmers are getting exposed to price fluctuations
owing to lack of uniform supply chain in commodities. This
deficiency is also making the sector too risky for farmers to
invest in otherwise profitable activity. He said that instability of
commodity prices has always been a major concern of producers,
processors, traders and consumers; the major reason is trade
being supply and not demand driven.
Mr. G. Chandrashekar from The Hindu Business Line made
a presentation on Commodities as critical driver of Indias
economic growth during the Seminars. In his presentation
he said that, India has a foreign reserve of 290 billion dollars,
which would last for 7 months imports. Stating India as a young
nation, he pointed that 31% of Indian population is below
the age of 15, 20% is below 25 and 80% of the population
is below 45 years. He said that even though India is the third
largest economy in agriculture, the sector is growing only at
2.5%, whereas, manufacturing and service sectors are growing
17

Estd. 1916

at 8-10%. He said that the government, through reforms, had

created a free trade environment and our market was gradually
integrating with the global market. As it integrated, market risk
perception heightened. Hence, it was imperative to focus on
risk mitigation. He mentioned hedging price risk as one of the
tools to mitigate risk. He said that futures exchange offers the
safest way to protect margins. He added that in future trading,
the price discovery helps producers, sellers, consumers and also
exporters & importers in discovering the price for a future date
which helps in decision making. Price risk management helps
in insuring the price against adverse price movement & locks in
profit margin, he stated.
Dr. M. Mathisekaran, Director, Forward Markets Commission
highlighting on Regulators Perspective, at the Seminar at
Bangalore, said that demand and supply issues in commodities
were causing inflation, not the future markets. He also mentioned
that futures trading was plagued by many challenges such as
fragmented physical market and lack of proper storage practices
by warehouses.
Mr. V.B. Prem Kumar, Deputy Manager, NCDEX and Mr. Aashish
Argade, Manager, NCDEX made presentations on Benefits of
commodity futures trading and exchange perspective & price
risk management during the Seminars at Mysore and Bangalore
respectively. While explaining the functions of NCDEX, they said
that NCDEX trades in 31 commodities, has 848 members and
over seven lakh clients.
Dr. K. Lakshmisha, General Manager & Group Executive (Agri.
& MSME), State Bank of Mysore made a presentation on Role
of banks in transportation and storage. He provided details
of capital investment subsidy schemes of the bank towards
agriculture sector.
The Seminars were followed by interactive session during which
the following issues were raised:
Forward Market Commission penalizes Dabba Traders
harshly.
Who would assess the quality of commodities stored in the
godown?
Answering to this question, the panelists said that there are 600
NCDEX godowns existing. The traders have liberty to complain
to FMC or even check the quality of the commodities.
Why coffee is inactive in the exchange?
To this, they clarified that there was confusion on who should
trade coffee- whether the producer, processor or consumer.
The Seminars were attended by various market participants
including producers, processors, traders, importers, exporters,
trade intermediaries and others engaged in agri-business.

Address by

Mr. B.H. Anil Kumar,

Address by Mr. B.H. Anil Kumar, Managing Director, Karnataka

Road Development Corporation Limited on 21st August 2012

taken up by the Department and also provided details of the

roads which are being constructed and to be constructed. He
also highlighted on the projects implemented with PPP model.
Responding to the question on the quality of the roads in
Bangalore, Mr. Anil Kumar told that the department is laying
new roads every five years. He expressed his dissatisfaction that
the State Government is keen to construct new roads rather than
maintaining the existing roads. Regarding construction of tunnel
at Shiradi Ghat, Mr. Anil Kumar explained that the project
is delayed due to delayed clearance from the Environment
Department. Addressing the issue of construction of unscientific
speed breakers, Mr. Anil Kumar said that the department has
already started removing the unscientific speeder breakers and
is planning for construction of speed breakers which are user
friendly.
Mr. K. Shiva Shanmugam, President, FKCCI in his welcome
address stressed upon the need for safe and effective road
network in the State for the development of trade, industry
and tourism. He also mentioned that there are many projects,
pending with the Government Department, regarding road and
bridge construction, which need to be immediately taken-up in
favour of the citizens of Karnataka.
Mr. Prakash Mandoth, Executive Chairman, Infrastructure
Committee of FKCCI in his observation highlighted on the
delayed developments of NH-48, NH-7 and six lane roads for
Bangalore-Mysore connectivity. He suggested allocation of
exclusive funds for road development and also making Suvarna
Karnataka Development Corridor Program a success. He also
informed that in Bangalore, unscientific speed breakers are
being built, which cause problems for the vehicle users.
Mr. R. Shivakumar, Senior Vice President of FKCCI while
proposing the vote of thanks extended all support, within the
purview of FKCCI, to the development initiatives taken up by
the KRDCL.

Managing Director, Karnataka Road

Development Corporation Limited

Meeting with Commissioner

of Commercial Taxes

Mr. B. H. Anil Kumar, Managing Director, Karnataka Road

Development Corporation Limited addressed the members of
FKCCI on 21st August, 2012.
Mr. Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

An Interactive Meeting with Mr. Yogendra Tripathi, IAS,

Commissioner of Commercial Taxes was organized on 23rd
August 2012 at FKCCI.
Mr. K. Shiva Shanmugam, President, FKCCI, in his welcome

18

Estd. 1916

address said that the Commercial Taxes Department in

Karnataka through its e-initiatives facilitate dealers to register,
make e payment, file returns online and download statutory
forms. The stakeholders- dealers, VAT officers and check post
officers exchange data electronically. He further said that FKCCI
interacts with the Commercial Taxes Department, on a day to
day basis. Through interaction and meetings of the Commercial
Taxes Consultative Committee the practical problems faced by
Trade & Industry are discussed and many a time the Department
had taken serious note of it and provided necessary relief.
Mr. B.T. Manohar, Chairman, State Taxes Committee, FKCCI,
in his observations said that there were problems regarding
registration and updating amendments to registration. He
informed that FKCCI was not consulted by the Government
while increasing the VAT rate by 0.5%.
Mr. Yogendra Tripathi, IAS, Commissioner of Commercial Taxes,
Government of Karnataka in his address said that the initial
1 or 2 years during change over to VAT was a difficult period.
However, owing to technology of the department and readiness
of Trade and Industry, the shift over to GST would definitely be
much smoother than the shift over to VAT. He informed that
refund has to be done only after minimum verification and that

issuance of C Form has been partly automated.

He said that he would look into making registration simpler and
streamline the visit of officers especially during amendment to
registration. He said that initiatives would be taken to make the
Help Desk on e-initiatives more effective. He appreciated the
positive role played by FKCCI and other trade bodies in creating
awareness.
Further he said that the trend in tax collection was positive
during the first quarter of this fiscal. The collection of VAT stood
at Rs.7,600 crore during the first quarter. The department also
collected Rs.2,520 crore in July alone. The department expects
more VAT during festival season. There was a target of VAT at
Rs.26,000 crore for the fiscal 2011-12, but it was exceeded by
Rs.900 crore. There will be no problem to meet the target of
Rs.31,000 crore during this fiscal, he added.
When asked about the large number of unregistered dealers in
the state, he said the department would be conducting a survey
to find out such dealers. As per the records of commercial
taxes department, there are 4 lakh registered dealers in the
state. There is no need for all the dealers to register with us.
For example, dealers with less than Rs.5 lakh turnover need not
register, he said.

A report on visit to MRPL, MSEZL, UPCL and ISPRL

Mr. S. Babu, Past President, FKCCI was nominated from FKCCI
to be a part of the Committee constituted by Karnataka State
Pollution Control Board (KSPCB) to visit MRPL, MSEZL,
UPCL and ISPRL comprising of the Chairman Mr. A.S.
Sadashivaiah, Professors in various fields, Dr. S. Manjappa, Dr.
R. Siddaramappa, Dr. B.S. Jai Prakash, Mr. Vijayakumar and
Senior Environment Officer Mr. K.M. Lingaraju.
On 6th August 2012, the team first visited Mangalore Refinery
and Petro Chemicals Limited (MRPL) which is a subsidiary of
ONGC (with 71.62% equity), and had detailed discussions with
Mr. P.P. Upadhya, the Managing Director. The team observed
that the Company has been confirming to the environmental
norms and also the advice given by the above expert team on
environmental issues; with regard to air pollution control,
water pollution control, solid waste management, ground water
management, sea water management, effluents discharged etc.
Thereafter, the team visited Mangalore Special Economic
Zone Limited (MSEZL). This is an upcoming SEZ Project
and the team studied the green belt activities undertaken by
the company. The company has already planted about 42,000
saplings in 109 acres of processing and non-processing areas as
on June 2011. They are also doing a lot of social projects under
corporate social responsibility such as maintenance of temples,
schools, etc. Some of their future proposals include developing
green belt in 45 acres in the processing area of Mangalore
SEZ Ltd. during 2012-13; conducting environment awareness
programmes in all the R&R colonies, etc.
The next day, the team visited LANCO-Udupi Power Corporation
Limited (UPCL), at Yellur and Santhur villages of Udupi District
(which was lastly bought out by LANCO) where one 600 MW
power production project is running and one more 600 MW
power plant is ready for generation. Since the wheeling of power
lines are not yet ready, they are waiting for the same. As per

their estimate, this 1,200 MW power will help Karnataka to

certain extent. During their presentation it was informed that
they are planning for further expansion. It is observed that this
power project is also well monitored by the Pollution Control
Board and they are following the previous instructions of the
Pollution Control Board authorities.
The Company has also planted many saplings and is trying to retain
the ecology of that area. The air monitoring, water monitoring
and control measures are quite satisfactory. The sanitary waste,
cooling tower blow down and sea water treatment plant wastes
are collected and disposed separately. The wastewater generated
is being discharged about 670 mts. inside the sea and the sea
water quality at discharge point is being monitored regularly
by the College of Fisheries, Mangalore. The Company has also
focused on CSR activities through which environment camps are
conducted.
The team next visited the project of Indian Strategic Petroleum
Reserves Limited, (ISPRL) at Padur. This project, with
approximately 1,000 crores investment was commenced in 2010.
This is a project in which the Government of India has envisaged
to stock crude oil below 60 feet to ground level caved in strong
and heavy rocks. The proposed crude oil storage caverns are U
shaped tunnels with D shaped cross section and consists two
storage units. The total tunnel work will be done in 13.5 kms.
and the volume of excavation is about 3.5 million Cu. Mt. that
is about 8.75 MMT. The storage of crude oil here will be used
during emergency which will last for about 15 days to meet the
entire nations requirement. The visit provided an opportunity to
observe and study the environmental issues of some of the major
oil refineries and distilleries. Mr. S. Babu on behalf of FKCCI
thanked the Chairman Mr. A.S. Sadashivaiah and his team for
giving the opportunity to visit the above organizations which was
quite educative.
19

Photo Feature
Estd. 1916

Photo Feature

Interactive Meeting with Mr. Murugesh R Nirani, Honble Minister for Large & Medium Scale Industries, Government of Karnataka.

Meeting with Mr. Jagadish Shettar,

Honble Chief Minister of Karnataka

Mr. R. Shivakumar, Senior Vice-President, Lighting the inaugural lamp at the

3rd Annual Sustainability in Design & Construction Summit 2012

20

Interaction with Justice Mr.D.R. Deshmukh,

Chairman, Company Law Board

Seminar on Letter of Credit Transactions Operational Issues

Estd. 1916

Interactive Meeting with Mr. Yogendra Tripathi, IAS, Commissioner of Commercial Taxes, Government of Karnataka.

Jagrutha Vehicle Launch

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Mr. K. Shiva Shanmugam, President

at the Indian Academy Degree College
21

Estd. 1916

Karnataka Manufacturing Summit organized

by ASSOCHAM, Bangalore

UK delegation with Office bearers of FKCCI

Mr. K. Shiva Shanmugam, President and Mr. R. Shivakumar, Senior

Vice-President alongwith Opposition Leader Mr. Siddaramaiah

Mr. R. Shivakumar, Senior Vice-President, Lighting the inaugural

lamp of Indo - Japanese Association Karnataka function

FKCCI journal Mysore Commerce is being appreciated by the

officials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

22

FKCCI Sub-Committees
Estd. 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE & INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13
Sl.
No.

Name of the Committee

Chairman / Chairperson
Sriyuths:

Administration & Finance

K.Shiva Shanmugam

Tourism;
Directory

K.Shiva Shanmugam

Energy &
Renewable Energy

Central Taxes;
Company Law;
Economic Affairs;
Banking Finance;
ADR;
Capital Markets

Executive Chairman / Chairperson

Sriyuths:

M. Prabhakar Naidu,
S. Ramesh
K. Ramaswamy

I.S. Prasad
Dr. A.S. Vishnu Bharath
K. Ravi

State Taxes; Sales Tax;

Local Excise Duty

B.T. Manohar

Women Entrepreneurs &

Committee on SAARC

Sri Lakshmi Kamath

Committee on MANTHAN

IT & BT

Internal Trade

R.C. Purohit
Rupa Rani

Raj Bhasin
Bharath Kumar R Shah

K. Anandam

APMC

B.L. Shankarappa

11

Food Processing

T. Sai Ram Prasad

12

FKCCI AOL Business Conference

Committee

13

District Development
(Zonal Districts)
(i) Bagalkot, Belgaum, U. Kannada
(ii) Gulbarga, Bidar, Bijapur
(iii) Raichur, Koppal, Yadgir
(iv) Dharwad, Haveri, Gadag
(v) Shimoga, Bellary, Davangere &
Chitradurga
(vi) Mandya, Mysore, Chamrajnagar
& Hassan
(vii) Dakshina Kannada, Udupi,
Kodagu & Chickmagalur
(viiii) Bangalore Rural, Ramanagar,
Chickballapur, Tumkur & Kolar

B. Amarnath

P.S. Venkatesh Babu

C.K. Sreenathan

Sudhakar Shetty
(Zonal District Chmn.)
B.S. Basavaraj S. Javali
Basawaraj Hadgil
Trivikram Joshi
D.D. Punekar
M. Bharadwaj

(Zonal Dist. Executive Chmn.)

G.G. Hegde Kadekodi
B.G. Shetkar
Vishwanath Avanti
P.D. Shiroor
N. Yashavanth Raj

Zonal Dist.Co-Chmn.)
Damodar Rathi
Guddodagi
Ashok Swami

H.T. Chandra Shekar

A. Jayasimha

N.H. Jayantha

K.B. Girish Ganapathy

G. Parameshwaraiah

Prasadraj Kanchan

Sugnan Hiremath

B. Suresh

14

Civic Affairs & PR Committee

15

Infrastructure

16

Human Resources;
IR & PF;
Skill Development

G. Ramanand

17

International Trade;
Business Research;
EXIM Club

R. Krishna

19

MSME

20

Corporate Affairs

21

Membership;
Local Association

S. Babu

Uma Reddy

10

Industry-Large

Advisor
Sriyuths:

Tallam R. Dwarakanath,
P.S. Venkatesh Babu

M.G. Prabhakar

18

Co-Chairman / Chairperson
Sriyuths:

S. Ejaz Ahmed Sait

S. Babu
S.S. Patil

C.K. Ramu

Capt.M.M. Harish

K. Ramaswamy

Prakash Mandoth
Ramkumarr Seshu

Manandi N.
Suresh

Sumitra Iyengar
K.M. Pai
Manoj Palrecha

D. Muralidhar

C.R. Janardhana

J. Crasta
M.C. Dinesh
D. Suresh Kumar

Perikal M. Sundar

K.N. Jayalingappa
Ramesh Chandra Lahoti

Raj Purohit
23

Economics
Estd. 1916

Economic Review - August 2012

- Business Research Cell - FKCCI

Indias Industrial production slipped into the negative territory showing-1.8% growth
during June 2012 as compared to that in June 2011. The cumulative growth for the period
April-June 2012-13 stood at (-)0.1% over the corresponding period of the previous year.
First Quarter Review of Monetary Policy 2012-13
Statutory Liquidity Ratio of scheduled commercial banks
has been reduced from 24.0 per cent to 23.0 per cent of
their NDTL with effect from the fortnight beginning August
11, 2012.
Repo rate under the liquidity adjustment facility (LAF) has
been retained at 8.0 per cent.
Reverse repo rate under the LAF, determined with a spread
of 100 basis points below the repo rate, remains at 7.0 per
cent.
Marginal Standing Facility (MSF) rate, determined with a
spread of 100 basis points above the repo rate, stands at 9.0
per cent.
Bank Rate stands at 9.0 per cent.
Cash Reserve Ratio of scheduled banks has been retained
at 4.75 per cent of their net demand and time liabilities
(NDTL).
Industrial Production: June 2012
Indias Industrial production slipped into the negative territory
showing -1.8% growth during June 2012 as compared to that
in June 2011. The cumulative growth for the period April-June
2012-13 stood at (-)0.1% over the corresponding period of the
previous year. The growth rates for the Mining, Manufacturing
and Electricity sectors for the month of June 2012 was 0.6%,
(-)3.2% and 8.8% respectively, as compared to June 2011. The
cumulative growth in the three sectors during April-June 201213 over the corresponding period of 2011-12 has been (-)1.1%,

Table: IIP Growth (%) over the corresponding period of

previous years
Base : 2004-05=100
June
2011

June
2011

Apr-Jun
2012-13

Overall

9.5

-1.8

-0.1

Mining

-1.4

0.6

-1.1

Manufacturing

11.1

-3.2

-0.7

8.8

6.4

Industry

Electricity

Source : CSO
(-)0.7% and 6.4% respectively. The production of capital goods
decreased by 27.9% in June 2012 from that in June 2011. The
Consumer durables and Consumer non-durables have recorded
growth of 9.1% and (-)1.0% respectively, with the overall
growth in Consumer goods being 3.5%.
Monthly Inflation - Wholesale Price Index (WPI) : July 2012
The Wholesale Price Index (WPI) for the month of July 2012
declined to 6.87% from 7.25% in the previous month. The
easing of inflation was once again due to fall in fuel prices.
Fuel inflation fell to 5.98%; its lowest since December 2009.
The WPI index for food articles through declined to 10.06% in
July 2012 from 10.81% in June still continues to worry, with
speculations for further price rise owing to weak monsoon. Core

Table : WPI Inflation Year on Year (in percentage)

Base : 2004-05=100
Weight

July 2011

June 2012

July 2012

Build up inflation
in 2012-13

All Commodities

100

9.36

7.25

6.87

2.36

Primary Articles
- Food
- Non-Food
- Minerals

20.12
14.34
4.26
1.52

11.47
8.19
15.77
25.84

10.46
10.81
6.85
14.49

10.39
10.06
13.05
8.43

5.29
7.66
4.90
-6.41

Fuel & Power

14.91

12.04

10.27

5.98

-1.29

Manufactured Products
- Food
- Non-Food
(core inflation)

64.97
9.97
55.00

7.73
8.13
7.66

5.00
5.78
4.86

5.58
6.25
5.46

2.17
3.63
1.43

Commodity / Groups

Source : CSO
24

Estd. 1916

inflation increased to 5.46% thereby pushing up the inflation in

manufacturing group to 5.58% from 5% during the last month.
Build up inflation in the financial year so far (April-July 2012)
was 2.36% compared to a buildup of 3.14% in the corresponding
period of the previous year.
Inflation based on Consumer Price Index (CPI) : July 2012
Provisional annual inflation rate based on all India general CPI
(Combined) for July 2012 on point to point basis (July 2012
over July 2011) was 9.86% as compared to 9.93% (final) for
the previous month of June 2012. The corresponding provisional
inflation rates for rural and urban areas for July 2012 were
9.76% and 10.10% respectively. The provisional annual
inflation rates of July 2012 for rural, urban and combined in
respect of food and beverages were 11.33%, 12.15% and
11.53% respectively. Inflation rates (final) for rural and urban
areas for June 2012 were 9.65% and 10.44% respectively.
Indias foreign trade during July 2012
Indias exports for the month of July 2012 stood at USD 22.4
billion compared to July 2011 when it stood at USD 26.3 billion
registering a decline of (-) 14.8%. During July 2012, the imports
were USD 37.9 billion as compared to USD 41.1 billion in July

Table: July 2012 CPI for Karnataka

Base : 2010=100
Category
Rural

Urban

Combined

Month
May 12

121.1

119.1

120.1

June 12

122.6

120.5

121.5

July 12
(Provisional)

123.8

121.7

122.7

Source : Ministry of Statistics & Programme Implementation

2011. Balance of Trade stood at USD 15.5 billion during July
2012 as compared to USD 14.8 billion in July 2011.
The cumulative figure for the period of April-July 2012 shows
exports at USD 97.6 billion as compared to USD 102.8 billion
in April-July 2011; while the cumulative imports for April-July
2012 stood at USD 153.2 billion as compared to USD 163.8
billion in April-July 2011. The cumulative figure for the Balance
of Trade for the period of April-July 2012 stood at USD 55.6
billion as compared to USD 61.0 billion in April-July 2011.

25

News
Estd. 1916

Karnataka Business News

Federation of Karnataka Chambers of Commerce & Industry has put the mechanism
in place to track the news concerning Karnatakas Commerce & Industry. Information
is one of the most important instruments for the progress and development of
industry. This column also facilitates to highlight the problems and issues concerning
the Karnatakas Commerce & Industry with focus for a possible remedial measures.
FKCCI welcomes contributions to this column which will be suitable acknowledge.

GIM 2010 score

card: Only 40 out of
389 projects started

He said during GIM 2012 held in June this year, Memorandum

of Understanding (MoU), Expression of Interest (EoI) and
Registration of Interest (RoI) were entered into with 751
companies, who have shown interest to invest about Rs.7.2
lakh crore. The land required for 246 projects (751 companies)
cleared at GIM 2012 is 63,569 acres.
Timeline fixed for implementing the projects will be initially
for a period of two years and extendable for a further period
depending upon the time required by each project and projects
being implemented by the project proponents, Nirani revealed.
Stating that the state government is continuously reviewing
implementation of proposals signed in GIM-2010 and GIM2012, the Minister said an online module is being developed
to monitor and facilitate these projects. According to him,
expenditure for GIM-2010 was Rs.32.73 crore. With regard to
GIM-2012, payment to the extent of Rs.16.31 crore has been
made as of last month-end, and bills for another Rs.18 crore are
under scrutiny.

Karnataka Banks
turnover traverses
Rs 50,000 Cr mark
Since Global Investors Meet (GIM) 2010, where 389 projects
worth Rs.3.92 lakh crore were cleared, the actual investment
flow into Karnataka so far has been less than six per cent.
According to figures given by Large and Medium Industries
Minister Murugesh R Nirani in the Legislative Assembly recently,
with regard to GIM 2010, only 40 projects with an investment
of Rs.21,178 crore have so far been implemented. Also, only
24,525 jobs have been generated as against the projected
employment of 7.3 lakh, while 2218 acres of land have been
allotted as against the requirement of more than 77,500 acres.
Nirani gave the figures in reply to questions raised by T B
Jayachandra, H C Mahadevappa, Dinesh Gundu Rao, Ramalinga
Reddy and U T Khadar (all Congress) and Suresh Gowda (BJP).
26

P Jayaram Hande, General Manager, Karnataka Bank has

informed that the Bank has achieved two milestones in the
financial year 2011- 2012, that is by having crossed the
Rs.50,000 crore turnover mark and reached a network of
over 500 branches. He was speaking at a recent press meet to
announce the reappointment of P Jayaram Bhat as the Managing
Director and Chief Executive officer of the Bank.
Later, Bhat informed that Karnataka Bank has secured A1+

Estd. 1916

rating for its certificate of deposit programme from ICRA thus

indicating highest quality rating to short term instrument. The
Bank has also bagged the Special award for managing IT risks,
instituted by Institute for Development and Research in Banking
Technology (IDRBT) established by Reserve Bank of India.
The total business of the bank stood at Rs.52,329 crore and
net profit of the bank went up to Rs.246 crore as on 31 March
2012 with the support of a highly dedicated team of more than
6,000 employees, over 1,12,000 shareholders and 6.1 million

plus clientele base.

At present Karnataka Bank has 891 service outlets (506
branches, 3 extension counters and 382 ATMs) spread across 20
states and 2 Union Territories. The Bank has plans to take the
service outlets to 1,000 by end of March 2013 (550 branches
and 450 ATMs). The ambition is to surpass business turnover of
Rs.1,00,000 crore, i.e., deposits of Rs.63,000 crore and advances
of Rs.47,000 crore by March 2015, by having a clientele base of
over 10 million through 1,500 service outlets, Hande revealed.

BMM Ispat steels up Hospet plant

by 2 Mn tons annually

BMM Ispat, the second-largest steelmaker in Karnataka has

ordered the core systems for an electrical steel plant from
Siemens VAI Metals Technologies, including an electric arc
furnace specially designed for combined charging of hot metal
and direct-reduced iron. The steelmaking plant is part of a new
integrated production complex at Hospet, Karnataka; and is
scheduled to go into operation at the end of 2013. The order
volume is a double-digit million euro figure. At the beginning
of the year, BMM Ispat had ordered a flexible bar mill from
Siemens for the same production site.
The Karnataka based steel major is currently expanding its
production capacity at the Hospet site by two million tons per
year. At the new electrical steel works, Siemens is projecting
and delivering the mechanical and electrical equipment for a
new electric arc furnace with a tapping weight of 110 tonnes,
a 110-tonne ladle furnace, a vacuum degassing plant and the

alloying and additive systems. The electric arc furnace is

specially designed for the combined charging of direct-reduced
iron (DRI) and hot metal.
The electric arc furnace, the ladle furnace, the material
charging systems and other auxiliaries are being equipped with
a dedusting system. The scope of supply also includes the entire
Level 1 automation and process automation (Level 2) systems,
furnace transformers and a dynamic compensation system Static
Var Compensator (SVC).
Siemens received the order from BMM Ispat at the beginning
of 2012, as part of their integrated steel plant project, a flexible
bar mill in Hospet with an annual capacity of 850,000 tonnes.
By the end of 2013, the mill will roll reinforcing steel, round
bars, flat and square bars, angles and sections. The crude steel
for these products will be produced in the new electrical steel
works.
27

Labour Force
Estd. 1916

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28

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Estd. 1916

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29

Estd. 1916

Congratulations!

FKCCI is happy to announce that

Mr. S. Ejaz Ahmed Sait,
Chairman, Civic Affairs &
Infrastructure Committees
of FKCCI has been assigned
as the Director Marketing of
HIST INDIA (P) Ltd. for their
Indian Operations.

30

Dr. A.S. Vishnu Bharath,

Executive
Chairman,
Banking Finance and ADR
Committees of FKCCI has
been nominated to serve
the International Taxation
Committee of ICAI.

Flt. Lt. (R) K.P. Nagesh,

Member of the Managing
Committee of FKCCI has
been re-elected as President
of
Karnataka
Security
Services Association for the
term 2012-14.

Events
Estd. 1916

UPCOMING BUSINESS EVENTS

Below are some of the forth coming business event of interest to our members. These
informations have been gathered from various sources understood to be reliable,
however we suggest that the schedule may be reconfirmed from organizers. We will
also welcome such information on events of interest to our fellow members.
Event

Steel Tech Expo

Event

Kolkata Auto Expo

Date

03 - 04 Sep 2012

Date

06 - 09 Sep 2012

Venue

Oberoi Hotel, Kolkata, India

Venue

Milan Mela Complex, Kolkata, India

Organised by Steel Times International

Organised by R Creation, Kolkata

Contact

Tel: 44-1737-855012

Contact

Tel: +(91)-(33)-32025060

Highlights

Steel Tech Expo will be presenting

an exhibitor profile with the likes of
professionals related to sectors such
as Pelletizing plants, DRI production,
Coal gasification, Iron production, Steel
production, Furnace manufacture, Iron
and steel equipment manufacture,
Continuous casting, Rolling, Steel
Times International weekly newsletter,
Automation, Testing and analysis,
Simulation and computation, Iron plant
operations, Steel plant operations,
Environment management, Pollution
control, Financial institutions and all
others connected with the steel industry,
Metallurgy and materials engineering
academics.

Highlights

Exhibitor
Profile
includes-Vehicle
Manufacturer,
Passenger
Car,
Commercial Vehicles, Three Wheelers,
Two Wheelers, Auto Component
Manufacturers, Engine Parts, Electric
Parts, Driver Transmission Steering
Parts, other Driver, Transmission
Steering Parts, Suspension and Braking
Parts, Body Parts / Air Conditioning
System, Coach Builders.

Event

Hi-Tech Office Expo Chandigarh

Date

07 - 09 Sep 2012

Venue

Parade Ground, Chandigarh, India

Event

Agritech Asia - Gujarat

Date

03 - 06 Sep 2012

Venue

Mahatma Mandir, Gandhinagar,

Gujarat, India

Organised by Radeecal Communications

Contact

Tel: +(91)-(79)-22151080

Highlights

Agritech Asia-Gujarat is one the premier

trade shows in India that is concerned
with the sector of agriculture. Held
over a period of three days, renowned
companies will exhibit the latest
agricultural equipments and technology
such as agricultural equipment and
machinery, livestock, dairy farming,
renewable energy.

Organised by The Institution Of Engineers India Delhi

State Center
Contact

Tel: +(91)-(11)-23379948

Highlights

Hi-Tech Office Expo Chandigarh will

display the products of the leading
companies. There will be Office Furniture
Systems, Workstations, Panels, Call
Centers, Other Ergonomic and Modular
Systems,
Conference
Furniture,
Meeting, Boardroom and Training Room
Furnishings for Conference Purposes,
Corporate,
Managerial,
Executive,
Secretarial and Reception Seating and
Seating Groups and Lounge Furniture,
Lounges, Visitor Area, Waiting Rooms,
Benches. Storage Systems, Shelving,
Cabinets, Pedestals, Drawer Files, Wall
and Low Partitions, Mobile Screen,
Freestanding Furniture.
31

Estd. 1916

Event

India International Pumps, Valves &

Compressor Expo Chandigarh

Date

07 - 09 Sep 2012

Venue

Parade Ground, Chandigarh, India

Event

Electronica India & Productronica India

Date

11 - 13 Sep 2012

Venue

Bangalore International Exhibition

Centre (BIEC), Bengaluru, India

Organised by Paramount Exhibitors

Organised by MMI India Pvt. Ltd

Contact

Tel: +91-172-2274801

Contact

Tel: +(91)-(22)-42554710

Highlights

The exhibitors of India International

Pumps, Valves and Compressor Expo
Chandigarh will exhibit the latest
products and services including latest
equipments, advanced technologies,
improved generators, batteries and
invertors, medical equipments, modern
designs and modern machine tools.

Highlights

Event

Automation Mumbai

Electronica India and Productronica

India ranks as one of the prime electrical
industry related trade shows in India.
The event goes a long way in helping
participants get acquainted with all
the latest industry developments and
updates from this sector. Attendees
have the opportunity to participate in
the highly topical business conference
sessions that are organized here.

Date

07 - 10 Sep 2012

Venue

Bombay Exhibition Center (BEC),

Mumbai, Maharashtra, India.

Event

Automotive Electronics

Date

11 - 13 Sep 2012

Organised by I. E. D. Communications Limited

Venue

Bangalore International Exhibition

Centre (BIEC), Bengaluru, India

Contact

Tel: +(91)-(22)-22079567/22073370

Highlights

Automation India is one of the most

comprehensive automation technology
industry related trade shows in India. The
event is held at Mumbai and provides
ample opportunities for participants
to update themselves regarding the
latest updates and technological
innovations from this sector. More than
682 well known exhibiting companies
take part in the event, showcasing an
impressive collection of robotics tools,
factory automation devices, software
equipments, hydraulic and pneumatic
instruments and many other associated
items. The show had brought in over
33108 qualified visitors during its
previous edition and ranks among the
most well attended business shows of
its kind in the country. Participants can
attend the various business conferences
and seminars that are scheduled at
the show. Noted industrial engineers,
purchase
managers,
technicians
and other senior industry personnel
participate in the event and topical
meeting sessions for distributors are
organized here too. Foreign products are
displayed at the event as well.

32

Organised by MMI India Pvt. Ltd

Contact

Tel: +(91)-(22)-42554710

Highlights

The exhibitors of Automotive Electronics

will exhibit the latest products and
services including latest auto parts
and electronics, safety electronics and
modern engine accessories.

Event

Bengaluru Space Expo

Date

12 - 15 Sep 2012

Venue

Bangalore International Exhibition

Centre (BIEC), Bengaluru, India

Organised by Confederation Of Indian Industry

Contact

Tel: +(91)-(124)-4014060 / 4014061

Highlights

Manufacturers of Space Equipment,

Components and Accessories, Launching
Facilities providers, IT for Space, Space
Agencies, Security Systems related
to Space, Communication & Telecom
Systems related to Space, Space
Ground Support System Providers,
Creative
Industries,
Surveillance
Equipment, Satellites, Space Research
& Development, Automation for Space,
Government Departments in Space
Technology.

Estd. 1916

Event

Madhya Pradesh Industrial Expo

Date

14 - 16 Sep 2012

Venue

M P Expo Facilitation Centre, Gwalior

Organised by Confederation of Indian Industry Bhopal

Contact

Tel: 7869918717

Highlights

Manufactures of : Auto component

Machine tools, Packaging & labeling
equipments,
Safety
&
security
equipments, Automated machines,
Industrial automobiles, Heavy machines
& equipments, Industrial consumables,
Green Technologies & services, Others
related to focus sectors, Service
providers of Industrial Maintenance
Support
(Housekeeping,
Security,
Canteen etc), IT, Financial, Credit rating
Consulting, Educational & Research
Institutions.

Event

China Sourcing Fair: Electronics &

Components,Hardware & Building
Materials,Bathroom Products-Mumbai

Date

20 - 22 Sep 2012

Venue

Bombay Exhibition Center (BEC),

Mumbai, Maharashtra, India.

Organised by Pico Event Management

Contact

Tel: +(65)-(6)-2940100/2905962

Highlights

As the largest exhibition featuring

China-made products in India, the
China Sourcing Fairs offers exhibitors
a perfect platform to meet face-toface with quality buyers from India and
neighboring countries. Back to serve
buyers in India and neighboring markets,
the China Sourcing Fairs: Electronics
& Components; Hardware & Building
Materials and Bathroom Products
returns to the Bombay Exhibition Centre
on September 20 to 22, 2012. The Fair
marks its fifth edition in Indias business
capital, reflecting the strong demand for
China-made products in the region. The
Mumbai Fair in November 2011 staged
a well-attended event with thousands
of buyers ready to update their product
line. Convenient, low-cost sourcing from
China- Source more productively as
you connect face to face with Chinas
experienced suppliers in Mumbai.

Inauguration of Circuit
Bench at Chennai:
The Circuit Bench of Appellate Tribunal for Electricity, New
Delhi, was inaugurated at Chennai on 16th August 2012, by H.E.
The Governor of Tamil Nadu Dr. K. Rosaiah. The programme was
held at The Music Academy (Mini Hall), TTK Road, Royapettah,
Chennai.
Thiru. Justice M. Karpaga Vinayagam, Honble Chairperson,
Appellate Tribunal for Electricity, New Delhi, presided over the
function. Honble Sri Rakesh Nath, Member (Technical),Appellate
Tribunal for Electricity, New Delhi, welcomed the gathering.
Felicitation Addresses was delivered by Sri A.Raghotham Rao,
Chairman, Andhra Pradesh Electricity Regulatory Commission,
Sri K.J. Mathew, Chairman, Kerala State Electricity Regulatory
Commission, Sri M.R. Sreenivasa Murthy, Chairman, Karnataka
Electricity Regulatory Commission, and Sri K. Venugopal,
Member, Tamil Nadu Electricity Regulatory Commission.
In his inaugural address, H.E. Dr. K. Rosaiah congratulated the
initiatives taken by the Appellate Tribunal for Electricity, New
Delhi, for establishing the Circuit Bench in Chennai, Kolkata,
Mumbai and said that with the establishment of Circuit Benches,
the cases will be disposed early without delay and the decisions
would pave way for future plan of action and bring about
uniformity in this sector.
In his presidential address, Thiru Justice M. Karpaga Vinayagam
made a mention of the efforts put in by Karnataka and in
particular FKCCI, in getting the Circuit Bench established
at Chennai. He lauded the efforts in persuading the Honble
Union Minister Dr. M. Veerappa Moily in establishing Circuit
Bench either in Bangalore or Chennai. He also explained the
functioning of the Appellate Tribunal for Electricity and said that
regulatory system is made more meaningful and has helped the
Southern States to get justice at their door step.
FKCCI was represented by Sri M.G. Prabhakar, Chairman,
Energy Committee, and Sri S. Rajashekar, Secretary General
In Charge, FKCCI. The first hearing of the Circuit Bench at
Chennai took place on 17th August 2012.
Federation of Karnataka Chamber of Commerce and Industry
is pleased to announce that in the recently held election
to the Executive Committee, following Office Bearers
were elected to the Executive Committee of
All India Granites & Stone Association for the term 2012-2014.

Sri. J.B. Surana,

President

Sri. S. Krishna Prasad,

General Secretary
33

Notification
Estd. 1916

34

Membership
Estd. 1916

Applications received towards Ordinary & Patron

Membership for the month of July & August 2012
Sl.
No.

Name & Address

Category Membership

Name of the Representative

Small Scale Manufacturing Activity

1

M/s. Glue Farm (India) Pvt Ltd

No. 16, 5th Main Road, Chikka Adugodi
Thavarekere Main Road,
Bangalore-560029, Tel: 25504889
Mob: 9916908001, jana@gluefarm.in

Manufacture
Small
Ordinary

Mr. Janardhana Reddy

Mr. Rajeshwari. M

M/s. Hygiya Products Pvt. Ltd.,

No.11, 2nd Floor, 14th A Main,
Behind Alliance College, N S Palya,
B T M 2nd Stage, Bangalore-560076
Tel: 26684676, Mob: 8884001261
rajan@yahoo.com

Manufacture
Small
Ordinary

Mr. K R Rajan

M/s. Indoflex Rubber

No. 47, Banaswadi Road,
Maruti Seva Nagar, Opp Mukunda Theatre,
Bangalore-560033, Tel: 41121866
Mob: 9845101018, info@indoflex.in

Manufacture
Small
Ordinary

Mr. Mohammed Anwar

Mr. Waseem Anwar

M/s. Pragati Biocare Pvt. Ltd.

No. 55 & 56, J C Industrial Area
Near Vinayaka Temple, Yalachenahalli
Bangalore-560062, Tel: 26860519
Mob: 8880777168, info@bionova.co.in

Manufacture
Small
Ordinary

Mr. Sudhir Jain

Mrs. Amrita Tripathi

M/s. Richcore Lifesciences Pvt Ltd

Plot. No. 204 & 237, Bommasandra
Jigani Link Road, KIADB Indl Area
Bangalore Rural District
Bangalore-560105

Manufacture
Small
Ordinary

Mr. Subramani
Ramachandrappa
Mr. Krishna Kalyan T D

M/s. Tejkamal Pharmaceuticals (P) Ltd.,

Survey No. 6/2, Aladahalli Village
Somapura Hobli, Nelamangala Taluk
Bangalore Rural-562111

Manufacture
Small
Ordinary

Mr. Vipin Kumar

Medium/Large Scale Manufacturing Activity

7

M/s. Closure Systems International (I) Pvt Ltd

Survey Number 35 & 36, Soukya Road,
Kacherkanahalli, Hosakote Taluk
(Bangalore Rural)
Bangalore-560067
Tel No. 30943500, Mob: 9591992922
sunil.sharma@esiclosures.com

Manufacture
Large
Ordinary

Mr. Sunil Sharma

Mr. Ganesh Shetty

M/s. Kalyani Gerdau Steels Ltd.,

304/305, World Trade Centre Bangalore,
Brigade Gateway Complex,
26/1, Dr. Rajkumar Road (West)
Malleshwaram, Bangalore-560055
Tel: 30262205
devassy.kutty@kalyanigerdau.com

Manufacture
Large
Ordinary

Mr. Arvind Swarup Mathur

Mr. R Visweswaran
Mr. A Mukherjee

35

Estd. 1916

Sl.
No.

Name & Address

Category Membership

Name of the Representative

Medium/Large Scale Manufacturing Activity

9

M/s. Sidhi Vinayaka Fab Engineering Pvt Ltd

No. 206, 11th Main, 3rd Phase,
Peenya Industrial Area
Bangalore-560058, Tel No. 28390891
Mob: 9845583969, sve@airtelmail.in

Manufacture
Large
Ordinary

Mr. Sridhar
Mr. Mohamad Basheer
Ahmed

10

Unique Green Energy Technologies (P) Ltd.,

Sy. No. 83, Kachanahalli Village,
Kasaba Hobli, Budhihal, Nelamangala Taluk
Bangalore-562123, Tel: 27733777
Fax: 27733776, ugetamc@gmail.com

Manufacture
Large
Ordinary

Mr. Reddy Bhaskar

Mr. Karunakar Reddy
Mr. Visweswara Reddy

11

M/s. Andanur Shivalingappa & Co

No. 2995/1, 7th Main, 4th Cross,
M C C B Block, Davangere-577004
Tel: 08192-220173, Mob: 9448666538
andanurmuppanna@gmail.com

Trade
Small
Ordinary

Mr. Andanur Muppanna

12

M/s. Ashwini Traders

551, 10th Cross, BDA, Land.
APMC Yard, Yeswanthpur
Bangalore-560022. Tel: 22874866
Mob: 9845468000,
shahbharath@gmail.com

Trade
Small
Ordinary

Mr. Bharath Kumar R. Shah

Mr. Suryakant. R Shah

13

Bangalore Industrial Trading Company

Unit 209/210, 2nd Floor, Tulsi Chambers
No. 12, K H Road, Shanthi Nagar
Bangalore-560027, Tel: 22113726
Mob: 9591008873, bitcoblr@gmail.com

Trade
Small
Ordinary

Mr. Sadatulla Syed

Mr. Amr Syed

14

M/s. Imran Enterprises

No. 32/1, B O K. Road,
Bangalore-560002, Tel: 41243988
imranenterprises@gmail.com

Trade
Small
Ordinary

Mr. Aslam Pasha

Mr. Irfan Pasha

15

M/s. Maxil International Trading &

Marketing Private Ltd
No. 45, Millers Road, Opp Konica Photo
Studio, Gangappa Complex,
Ground Floor, Vasanth Nagar,
Bangalore-560052, Tel: 40977260
Mob: 9964009335,
maxil@maxilinternational.com

Trade
Small
Ordinary

Mr. Sarfraz Abbas M

16

M/s. Rama Wood Works

No. 262, Seppings Road,
Shivaji Nagar
Bangalore-560001, Tel: 25572329
Mob: 9740092927

Trade
Small
Ordinary

Mr. V Shivaram

17

M/s. R R Imaging Company

No. F-10, White House, 1st Floor,
St Marks Road, Opp SBI
Near Bishop Cotton Girls School
Bangalore-5600001, Tel: 22218818,
Mob: 9448482550,
rrsurgicals@gmail.com

Trade
Small
Ordinary

Mr. Atul S Gala

Mrs. Rita A Gala

Small Scale Trading Activity

36

Estd. 1916

Sl.
No.

Name & Address

Category Membership

Name of the Representative

Small Scale Trading Activity

18

M/s. Sri Balaji Power Systems

34-14/1, 4th Cross, N R Road,
(Kumbargundi Road) Kalasipalyam
New Extn. Near S J P Police Station,
Bangalore-560002, Tel: 22103455 / 88
Mob: 9845067745,
balajigensent@rediffmail.com

Trade
Small
Ordinary

Mr. J R Balakrishna
Mr. Usha Rani

19

M/s. Suvarna Hybrid Seeds (P) Ltd.,

No. 173, NHIG-B, KHB 3rd Block,
5th Stage, Yelahanka New Town
Bangalore-560064, Tel: 32987062
Mob: 9341231422,
suvarnahgs@gmail.com

Trade
Small
Ordinary

Mr. N V Patil

Small Scale Service Activity

20

M/s. Wise I Pens

Apoorva Renewable Energy Products
Apoorva Castle, 8th Main,
4th Cross, Sapthagiri Layout,
Vidyaranyapura, Bangalore - 560097
Tel No. 41636595, Mob: 9739203003
surbuild2001@yahoo.co.in

Service
Small
Ordinary

Mr. A V Suresh Babu

Mr. A S kuldeep

21

M/s. EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens
Off ITPL Road, Besides Brookefields
Bangalore - 560 037
Tel: 28542070, Mob: 9663371962
anandraghav@edcindia.com

Service
Small
Ordinary

Mr. Ravi Kumar R

Mr. R Sasi Kumar

22

M/s. Hiremap IT Consultants

No. 11, GD Street, Opp Golden
Nest Apartment Behind
Anugraha Texlites Adugodi
Bangalore - 560 030,
Mob: 953831957
bharathiv@hiremapitconsultants.com

Service
Small
Ordinary

Mrs. Bharathi. V

23

M/s. Kognsance Management

Consulting Pvt Ltd.
No. 183, 1 Main, C I L Layout
R T Nagar, Bangalore - 560 032
Mob: 9611347751
contactus@kognosance.com

Service
Small
Ordinary

Mr. Karthik
Mrs. Swetha Rao

24

M/s. Locus IT Services Pvt Ltd.,

No. 32/33, East Park Road,
18th Cross, Malleshwaram
Bangalore - 560 055, Tel: 23366912
rohith.k@locusit.com, 9980877311

Service
Small
Ordinary

Mr. Rohith K P

25

M/s. Maverik Facility Mangement Pvt Ltd

No. 19 & 20, Lakshmi Sadan,
Lind Cross, 1st Floor,
Nehru Nagar, Seshadripuram,
Bangalore - 560 020,
Tel: 23466199, Mob: 9845075838 / 7353307227
info@mfm.co.in, nagaraj@mfm.co.in

Service
Small
Ordinary

Mr. Nagaraj K B

37

Estd. 1916

Sl.
No.

Name & Address

Category Membership

Name of the Representative

Small Scale Service Activity

26

M/s. Naidruva Associates

No. 14, 2nd Floor, H B Samaja Link Road,
Gandhi Bazar, Bangalore - 560 004
Mob: 9844476679, naidruva@gmail.com

Service
Small
Ordinary

Mr. Sheshadri

27

M/s. Toqsoft Technologies

No. 95/5, 14th Cross, 8th Main,
Lakkasandra Extension, Wilson Garden,
Bangalore - 560 030, Tel: 41497179
Mob: 9343715466, tanveer@toqsoft.com

Service
Small
Ordinary

Mr. Tanveer Ahmad

Mr. Ashif Ahmad

28

M/s. Trans Trades

No. 201, Krishna, 83/1/1, Sundher Residency,
Ramarao Layout, Kathriguppe, Banashankari
3rd Stage, Bangalore - 560 085, Tel: 26798314
Mob: 9845698426, biz@transtrades.com

Service
Small
Ordinary

Mr. Prasad Krishna Murthy

Mrs. Geetha Alur

Small Scale Service Activity Patron

29

M/s. Sri Venkateshwara Engg Works

No. 23, Tank Bund Road, Near Minerva Circle,
Bangalore-02 Tel: 26708344, Mob: 9844067038,
hire@srivenkateshwaragenerators.com

30

M/s. Ramanashree Shopping Arcade Pvt Ltd

No. 16/1, Ramanashree House, Raja Ram Mohan
Ray Road, Bangalore - 560 025, Tel: 41350000
Mob: 9880035250, reserve@ramanashree.com

Service
Small
Patron

Mr. C V Jayaram
Mr. C V Somshekar

Service Large Ordinary

Service
Large
Ordinary

Mr. Veerendra Shadakshari

Mr. S Shadakshari

Service Large Patron

31

M/s. Renaissance Holdings & Development Pvt Ltd

No. 50, 17th Cross, 8th Main,
Malleswaram, Bangalore - 560 055
Tel: 42417000, Mob: 9845195980
arun@renaissanceholdings.com
manjula@renaissanceholdings.com

Service
Large
Patron

Smt. Sharada Ramanj

Mr. V Sudhama
Mr. K Arun

32

M/s. Royal Orchid Hotels Ltd

No. 1, Golf Avenue Djoining KGA Golf Course
Old Airport Road, Bangalore - 560 008
Tel: 40612345, Mob: 9902000098
cosec@royalorchidhotels.com

Service
Large
Patron

Mr. C K Baljee
Mr. Shekhar Bhargava
Mr. Arvind Razdan

Profession
33

M/s. Guru & Associates

Shop No. 5 & 6, Dev Complex,
1st Floor, Kalamma Street, Bellary - 583101
Tel: 08392-274876, Mob: 9448074876
guru_gs321@yahoo.co.in

Profession
Ordinary

Mr. B C Guru Swamy

34

M/s. Lawnest
Aditya 56/1, 1st Floor, 4th Cross, Link Road,
Malleshwaram, Bangalore-560 003, Tel: 41141944
Mob: 9535119189, vidyavakil@gmail.com

Profession
Ordinary

Mrs. Vidhya Nuti

Mr. Raghavendra S

35

M/s. Pundarikaksha & Company

No. 23/57, 41st Cross, 2nd Floor,
East End C Main Road, 9th Block,
Jayanagar, Bangalore-560069

Profession
Patron

Mr. Pundarikaksha
Mr. Harsha K M

38

Estd. 1916

39

Registered
KARBAL No.67459/97 (Regn. No. CPMG/KA/BGS-343(2012-14) Posted at Mail Business Centre, Bangalore GPO, Bangalore - 560 001 on 5th of every month Rs. 20, Pages 36+4=40

Estd. 1916

40