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