fkcci sept 2012

40
7/23/2019 Fkcci Sept 2012 http://slidepdf.com/reader/full/fkcci-sept-2012 1/40 1 Estd. 1916 SEPTEMBER 2012 Estd. 1916 FKCCI JOURNAL MYSORE COMMERCE ªÉ ÄʸÀÆgÀ Ä ªÁtÂdå Business magazine from Federation of Karnataka Chambers of Commerce & Industry, Bang lume XXXIII SEPTEMBER 2012 Issue 9 Infrastructure - B’lore’s Nuts & Bolts      A       S     p    e    c      i     a       l        I     s     s     u    e       O     n       B     a     n     g     a       l     o     r    e        I     n      f     r     a     s      t     r     u    c      t     u     r    e

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Page 1: Fkcci Sept 2012

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1

Estd 1916

SEPTEMBER 2012Estd 1916FKCCI JOURNAL

MYSORE

COMMERCE

ordfEacute AumlEcirccedilAgraveAEliggAgrave AumlordfAacutetAcircdaring

Business magazine from Federation of Karnataka Chambers of Commerce amp Industry Banglume XXXIII SEPTEMBER 2012 Issue 9

Infrastructure - Brsquolorersquos

Nuts amp Bolts

A S p e c

i a l I s s u e

O n

B a n g a l o r

e I n f r a s

t r u c t u

r e

7232019 Fkcci Sept 2012

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2

Estd 1916

7232019 Fkcci Sept 2012

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3

Estd 1916

In this issue

Presidentrsquos Desk 5

Bangalorersquos Nuts amp Bolts 7

FKCCI work 13

Photo Feature 20

FKCCI Sub-Committees 2012-13 23

Economic Review - August 2012 24

Karnataka Business News 26

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgraveAuml MAzAgrave Auml aAvAgravepoundEacute

28

Upcoming Business Events 31

Notifcation 34

Membership 35

Business magazine from Federation of Karnataka Chambers of Commerce amp Industry Bangalore

Federation HouseKG Road Bangalore - 560 009 Karnataka

Phone 080 - 22262355 6 22262157

Fax 080 - 22251826

e-mail presidentfkcciin

Website wwwfkcciorg

Federation of Karnataka Chambers

of Commerce amp Industry

President

K Shiva Shanmugam

Sr Vice-President

R Shivakumar

Vice-PresidentS Sampathraman

Imm Past President

JR Bangera

Secretary amp SG in Charge

S Rajashekar

Secretary

M Lokaraj

Joint Secretary

Lillu Aswathiah

Deputy Secretaries

CR RameshShama Prasad Pattaje

Poornima KK

Soumi Kar Bhattacharyya

Rajashekar S Anadinni

Asst Secretaries

KS Satish

Umesh Madivala

Printed at

OMKAR OFFSET PRINTERS

No33 1st Main Road

New Tharagupet Bangalore - 560 002

Telefax 080 - 26709026 26708186

e-mail omkaroffsetgmailcom

Website wwwomkaroffsetcom

Articles in English and Kannada not exceeding 2000 words maybe mailed to President FKCCI at presidentfkcciin latest by 20thof every month Kindly note that only soft copies will be acceptedAny article received after this date will not be considered forpublication

Please note that the views expressed in the Articles are of theAuthors and not of the organizations they represent

Every possible care has been taken to ensure the accuracy ofinformation however FKCCI its team and service providers donot take responsibility for any commission of errors We welcomesuch errors to be brought to our notice for correcting the records

Powered by

Corporate Comm India

Website wwwcorpcommin

e-mail indiacorpcommgmailcom

Mobile +91-9591100992

Volume XXXIII SEPTEMBER 2012 Issue 9

FKCCIMembership

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Estd 1916

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5

Estd 1916

From the Presidentrsquos Desk

K Shiva Shanmugam

President

The irony is not lost that

the State Government is to

be credited to a certain ex-tent for both the good and

the bad about Bangalorersquos

infrastructure Civic infra-

structure 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 institu-

tions It is not enough if the

Government builds fyovers

and a section of the citizens

throw garbage under it and

not in designated waste

bins The infrastructure

challenge is therefore ad-

dressed to both sides of the

coin responsible for running

the City

Bangalore Infra The Good amp The Bad

Dear Members

With all the ak that the Karnataka Government is receiving for Bangalorersquos 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 Governmentrsquos role in this

is substantial The growing inux 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 Karnatakarsquos Chief Minister Jagadish Shettar

describes as a ldquoChallenge for the State Governmentrdquo Bangalorersquos biggest challenges

are monsoon oods and garbage clearance In the past few days Bangalore has

seen this yearrsquos 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 landll to transport it to were seen oating in the oods caused

by the rainfall which is the perfect recipe for epidemic diseases to spread

The negative press got a recourse when former Karnataka Chief Minister Sri DV

Sadananda Gowda while presenting the Budget for 2012-13 said that the BBMP will

get a support of Rs1000 crore for nancing major projects including road parking

and solid waste management infrastructure during 2012-13With parking being oneof the biggest problems a commuter faces the Government has also announced that

eight parking complexes will be constructed at a cost of Rs200 crore The Metro Rail

project will also receive Rs500 crore funding and within the next nine months opening

of another 104 KM is planned

Frequent trafc 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 Karnatakarsquos

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 lsquoUrbanising India and Mega Metro Network Vision for the Emerging Cities

of India 2030rsquo Thus it has urged the Karnataka Government to expedite its Rs12000-

crore 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 Rs5500 crore is going to be utilized

in the ensuing scal (2012-13) for addressing the infrastructure woes of Bangaloremdash

Indiarsquos Technopolismdashin the Karnataka Governmentrsquos Revised Master Plan 2015 That

is certainly music to the ears for a cityrsquos slow developmental travails over the years It

is about time for action

Thank you

K Shiva Shanmugam

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6

Estd 1916

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7

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Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

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Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 2: Fkcci Sept 2012

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2

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3

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In this issue

Presidentrsquos Desk 5

Bangalorersquos Nuts amp Bolts 7

FKCCI work 13

Photo Feature 20

FKCCI Sub-Committees 2012-13 23

Economic Review - August 2012 24

Karnataka Business News 26

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgraveAuml MAzAgrave Auml aAvAgravepoundEacute

28

Upcoming Business Events 31

Notifcation 34

Membership 35

Business magazine from Federation of Karnataka Chambers of Commerce amp Industry Bangalore

Federation HouseKG Road Bangalore - 560 009 Karnataka

Phone 080 - 22262355 6 22262157

Fax 080 - 22251826

e-mail presidentfkcciin

Website wwwfkcciorg

Federation of Karnataka Chambers

of Commerce amp Industry

President

K Shiva Shanmugam

Sr Vice-President

R Shivakumar

Vice-PresidentS Sampathraman

Imm Past President

JR Bangera

Secretary amp SG in Charge

S Rajashekar

Secretary

M Lokaraj

Joint Secretary

Lillu Aswathiah

Deputy Secretaries

CR RameshShama Prasad Pattaje

Poornima KK

Soumi Kar Bhattacharyya

Rajashekar S Anadinni

Asst Secretaries

KS Satish

Umesh Madivala

Printed at

OMKAR OFFSET PRINTERS

No33 1st Main Road

New Tharagupet Bangalore - 560 002

Telefax 080 - 26709026 26708186

e-mail omkaroffsetgmailcom

Website wwwomkaroffsetcom

Articles in English and Kannada not exceeding 2000 words maybe mailed to President FKCCI at presidentfkcciin latest by 20thof every month Kindly note that only soft copies will be acceptedAny article received after this date will not be considered forpublication

Please note that the views expressed in the Articles are of theAuthors and not of the organizations they represent

Every possible care has been taken to ensure the accuracy ofinformation however FKCCI its team and service providers donot take responsibility for any commission of errors We welcomesuch errors to be brought to our notice for correcting the records

Powered by

Corporate Comm India

Website wwwcorpcommin

e-mail indiacorpcommgmailcom

Mobile +91-9591100992

Volume XXXIII SEPTEMBER 2012 Issue 9

FKCCIMembership

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4

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5

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From the Presidentrsquos Desk

K Shiva Shanmugam

President

The irony is not lost that

the State Government is to

be credited to a certain ex-tent for both the good and

the bad about Bangalorersquos

infrastructure Civic infra-

structure 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 institu-

tions It is not enough if the

Government builds fyovers

and a section of the citizens

throw garbage under it and

not in designated waste

bins The infrastructure

challenge is therefore ad-

dressed to both sides of the

coin responsible for running

the City

Bangalore Infra The Good amp The Bad

Dear Members

With all the ak that the Karnataka Government is receiving for Bangalorersquos 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 Governmentrsquos role in this

is substantial The growing inux 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 Karnatakarsquos Chief Minister Jagadish Shettar

describes as a ldquoChallenge for the State Governmentrdquo Bangalorersquos biggest challenges

are monsoon oods and garbage clearance In the past few days Bangalore has

seen this yearrsquos 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 landll to transport it to were seen oating in the oods caused

by the rainfall which is the perfect recipe for epidemic diseases to spread

The negative press got a recourse when former Karnataka Chief Minister Sri DV

Sadananda Gowda while presenting the Budget for 2012-13 said that the BBMP will

get a support of Rs1000 crore for nancing major projects including road parking

and solid waste management infrastructure during 2012-13With parking being oneof the biggest problems a commuter faces the Government has also announced that

eight parking complexes will be constructed at a cost of Rs200 crore The Metro Rail

project will also receive Rs500 crore funding and within the next nine months opening

of another 104 KM is planned

Frequent trafc 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 Karnatakarsquos

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 lsquoUrbanising India and Mega Metro Network Vision for the Emerging Cities

of India 2030rsquo Thus it has urged the Karnataka Government to expedite its Rs12000-

crore 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 Rs5500 crore is going to be utilized

in the ensuing scal (2012-13) for addressing the infrastructure woes of Bangaloremdash

Indiarsquos Technopolismdashin the Karnataka Governmentrsquos Revised Master Plan 2015 That

is certainly music to the ears for a cityrsquos slow developmental travails over the years It

is about time for action

Thank you

K Shiva Shanmugam

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6

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7

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Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

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JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

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PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

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7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 3: Fkcci Sept 2012

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3

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In this issue

Presidentrsquos Desk 5

Bangalorersquos Nuts amp Bolts 7

FKCCI work 13

Photo Feature 20

FKCCI Sub-Committees 2012-13 23

Economic Review - August 2012 24

Karnataka Business News 26

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgraveAuml MAzAgrave Auml aAvAgravepoundEacute

28

Upcoming Business Events 31

Notifcation 34

Membership 35

Business magazine from Federation of Karnataka Chambers of Commerce amp Industry Bangalore

Federation HouseKG Road Bangalore - 560 009 Karnataka

Phone 080 - 22262355 6 22262157

Fax 080 - 22251826

e-mail presidentfkcciin

Website wwwfkcciorg

Federation of Karnataka Chambers

of Commerce amp Industry

President

K Shiva Shanmugam

Sr Vice-President

R Shivakumar

Vice-PresidentS Sampathraman

Imm Past President

JR Bangera

Secretary amp SG in Charge

S Rajashekar

Secretary

M Lokaraj

Joint Secretary

Lillu Aswathiah

Deputy Secretaries

CR RameshShama Prasad Pattaje

Poornima KK

Soumi Kar Bhattacharyya

Rajashekar S Anadinni

Asst Secretaries

KS Satish

Umesh Madivala

Printed at

OMKAR OFFSET PRINTERS

No33 1st Main Road

New Tharagupet Bangalore - 560 002

Telefax 080 - 26709026 26708186

e-mail omkaroffsetgmailcom

Website wwwomkaroffsetcom

Articles in English and Kannada not exceeding 2000 words maybe mailed to President FKCCI at presidentfkcciin latest by 20thof every month Kindly note that only soft copies will be acceptedAny article received after this date will not be considered forpublication

Please note that the views expressed in the Articles are of theAuthors and not of the organizations they represent

Every possible care has been taken to ensure the accuracy ofinformation however FKCCI its team and service providers donot take responsibility for any commission of errors We welcomesuch errors to be brought to our notice for correcting the records

Powered by

Corporate Comm India

Website wwwcorpcommin

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Mobile +91-9591100992

Volume XXXIII SEPTEMBER 2012 Issue 9

FKCCIMembership

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4

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5

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From the Presidentrsquos Desk

K Shiva Shanmugam

President

The irony is not lost that

the State Government is to

be credited to a certain ex-tent for both the good and

the bad about Bangalorersquos

infrastructure Civic infra-

structure 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 institu-

tions It is not enough if the

Government builds fyovers

and a section of the citizens

throw garbage under it and

not in designated waste

bins The infrastructure

challenge is therefore ad-

dressed to both sides of the

coin responsible for running

the City

Bangalore Infra The Good amp The Bad

Dear Members

With all the ak that the Karnataka Government is receiving for Bangalorersquos 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 Governmentrsquos role in this

is substantial The growing inux 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 Karnatakarsquos Chief Minister Jagadish Shettar

describes as a ldquoChallenge for the State Governmentrdquo Bangalorersquos biggest challenges

are monsoon oods and garbage clearance In the past few days Bangalore has

seen this yearrsquos 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 landll to transport it to were seen oating in the oods caused

by the rainfall which is the perfect recipe for epidemic diseases to spread

The negative press got a recourse when former Karnataka Chief Minister Sri DV

Sadananda Gowda while presenting the Budget for 2012-13 said that the BBMP will

get a support of Rs1000 crore for nancing major projects including road parking

and solid waste management infrastructure during 2012-13With parking being oneof the biggest problems a commuter faces the Government has also announced that

eight parking complexes will be constructed at a cost of Rs200 crore The Metro Rail

project will also receive Rs500 crore funding and within the next nine months opening

of another 104 KM is planned

Frequent trafc 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 Karnatakarsquos

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 lsquoUrbanising India and Mega Metro Network Vision for the Emerging Cities

of India 2030rsquo Thus it has urged the Karnataka Government to expedite its Rs12000-

crore 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 Rs5500 crore is going to be utilized

in the ensuing scal (2012-13) for addressing the infrastructure woes of Bangaloremdash

Indiarsquos Technopolismdashin the Karnataka Governmentrsquos Revised Master Plan 2015 That

is certainly music to the ears for a cityrsquos slow developmental travails over the years It

is about time for action

Thank you

K Shiva Shanmugam

7232019 Fkcci Sept 2012

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6

Estd 1916

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7

Estd 1916

Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

7232019 Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 4: Fkcci Sept 2012

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4

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7232019 Fkcci Sept 2012

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5

Estd 1916

From the Presidentrsquos Desk

K Shiva Shanmugam

President

The irony is not lost that

the State Government is to

be credited to a certain ex-tent for both the good and

the bad about Bangalorersquos

infrastructure Civic infra-

structure 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 institu-

tions It is not enough if the

Government builds fyovers

and a section of the citizens

throw garbage under it and

not in designated waste

bins The infrastructure

challenge is therefore ad-

dressed to both sides of the

coin responsible for running

the City

Bangalore Infra The Good amp The Bad

Dear Members

With all the ak that the Karnataka Government is receiving for Bangalorersquos 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 Governmentrsquos role in this

is substantial The growing inux 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 Karnatakarsquos Chief Minister Jagadish Shettar

describes as a ldquoChallenge for the State Governmentrdquo Bangalorersquos biggest challenges

are monsoon oods and garbage clearance In the past few days Bangalore has

seen this yearrsquos 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 landll to transport it to were seen oating in the oods caused

by the rainfall which is the perfect recipe for epidemic diseases to spread

The negative press got a recourse when former Karnataka Chief Minister Sri DV

Sadananda Gowda while presenting the Budget for 2012-13 said that the BBMP will

get a support of Rs1000 crore for nancing major projects including road parking

and solid waste management infrastructure during 2012-13With parking being oneof the biggest problems a commuter faces the Government has also announced that

eight parking complexes will be constructed at a cost of Rs200 crore The Metro Rail

project will also receive Rs500 crore funding and within the next nine months opening

of another 104 KM is planned

Frequent trafc 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 Karnatakarsquos

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 lsquoUrbanising India and Mega Metro Network Vision for the Emerging Cities

of India 2030rsquo Thus it has urged the Karnataka Government to expedite its Rs12000-

crore 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 Rs5500 crore is going to be utilized

in the ensuing scal (2012-13) for addressing the infrastructure woes of Bangaloremdash

Indiarsquos Technopolismdashin the Karnataka Governmentrsquos Revised Master Plan 2015 That

is certainly music to the ears for a cityrsquos slow developmental travails over the years It

is about time for action

Thank you

K Shiva Shanmugam

7232019 Fkcci Sept 2012

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6

Estd 1916

7232019 Fkcci Sept 2012

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7

Estd 1916

Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

7232019 Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 5: Fkcci Sept 2012

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5

Estd 1916

From the Presidentrsquos Desk

K Shiva Shanmugam

President

The irony is not lost that

the State Government is to

be credited to a certain ex-tent for both the good and

the bad about Bangalorersquos

infrastructure Civic infra-

structure 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 institu-

tions It is not enough if the

Government builds fyovers

and a section of the citizens

throw garbage under it and

not in designated waste

bins The infrastructure

challenge is therefore ad-

dressed to both sides of the

coin responsible for running

the City

Bangalore Infra The Good amp The Bad

Dear Members

With all the ak that the Karnataka Government is receiving for Bangalorersquos 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 Governmentrsquos role in this

is substantial The growing inux 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 Karnatakarsquos Chief Minister Jagadish Shettar

describes as a ldquoChallenge for the State Governmentrdquo Bangalorersquos biggest challenges

are monsoon oods and garbage clearance In the past few days Bangalore has

seen this yearrsquos 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 landll to transport it to were seen oating in the oods caused

by the rainfall which is the perfect recipe for epidemic diseases to spread

The negative press got a recourse when former Karnataka Chief Minister Sri DV

Sadananda Gowda while presenting the Budget for 2012-13 said that the BBMP will

get a support of Rs1000 crore for nancing major projects including road parking

and solid waste management infrastructure during 2012-13With parking being oneof the biggest problems a commuter faces the Government has also announced that

eight parking complexes will be constructed at a cost of Rs200 crore The Metro Rail

project will also receive Rs500 crore funding and within the next nine months opening

of another 104 KM is planned

Frequent trafc 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 Karnatakarsquos

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 lsquoUrbanising India and Mega Metro Network Vision for the Emerging Cities

of India 2030rsquo Thus it has urged the Karnataka Government to expedite its Rs12000-

crore 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 Rs5500 crore is going to be utilized

in the ensuing scal (2012-13) for addressing the infrastructure woes of Bangaloremdash

Indiarsquos Technopolismdashin the Karnataka Governmentrsquos Revised Master Plan 2015 That

is certainly music to the ears for a cityrsquos slow developmental travails over the years It

is about time for action

Thank you

K Shiva Shanmugam

7232019 Fkcci Sept 2012

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6

Estd 1916

7232019 Fkcci Sept 2012

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7

Estd 1916

Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

7232019 Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 6: Fkcci Sept 2012

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6

Estd 1916

7232019 Fkcci Sept 2012

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7

Estd 1916

Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

7232019 Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

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JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

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PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 7: Fkcci Sept 2012

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7

Estd 1916

Bangalorersquos Nuts amp Bolts- K AltafManaging Editor The SME Timescom

wwwthesmetimescom

angalore is oneof Asiarsquos fastest

growing cities andalso one of the

most sought after cities inIndia to live and visit due to

its salubrious climate boomingeconomy work opportunities

galore good educationalinstitutes and many tourist

sights For a long time after

Indiarsquos independence in 1947Bangalore was a B-1 status

city and was not consideredto be one of Indiarsquos four major

metropolitan cities SuccessiveState Governments over the

years have been trying to getthe lsquoMetropolitan Cityrsquo status

for Bangalore In simple terms

Metropolitan city can be definedas a lsquomega city of influence

with a huge populationrsquo WhenBangalore gets this status it will

be eligible for more funds fromthe centre which will help in

the development of Bangalorersquosinfrastructure

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

Rs5500 crore in the ensuing scal (2012-13) for addressing the infrastructure

woes of Indiarsquos tech hub including its poor public transport and trafc snarls on its

thoroughfares Its civic bodies will also be allotted Rs1000 crore for funding major

infrastructure projects including road widening parking and other amenities Theurban form and sprawl of the city as envisaged by city planners is expected to grow

by a huge proportion in the coming years

The Growing Years

Bangalore grew and grew over the years which increased itsappetite for organized civic amenities This led to the rapid

growth of civic bodies in the city For instance the KarnatakaElectricity 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 corporatizedthe KEB into the Karnataka Power Transmission Corporation

Limited (KPTCL) The distribution of the Bangalore division

was vested with the Bangalore Electricity Supply CompanyLimited (BESCOM) which caters to 21 million customers in the

Bangalore metropolitan area To cater to the electricity needs

B

The superstructure of Hebbal Flyover of BDA has bagged the first

award at the 9th lsquoOutstanding Bridge National Awards Competitionrsquo

instituted by Indian Institution of Bridge Engineers

Cover Story

7232019 Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 8: Fkcci Sept 2012

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8

Estd 1916

of a growing population BESCOM has sought to commission11 additional 6611 KV substations Over 4000 distribution

transformer centres were added One recent survey indicated

that 94 per cent of citizens were satisfied with BESCOMrsquosperformance Well as critical as electricity is to a modern city

is the availability of piped water Thus to address this need theBangalore Water Supply and Sewerage Board (BWSSB) was

constituted in 1968 to supply water to the city and to provide forthe disposal of sewage

In 1976 the City Improvement Trust Board formed the BangaloreDevelopment Authority (BDA) whose objective was to ensure

proper planning and development of the metropolitan areaBangalorersquos city layout can be divided into three segments based

on their collective growth namely MarketsmdashKR MarketMalleshwaram Magadi Road Ulsoor and others Commercial

CentresmdashGandhi Bazaar MG Road Brigade Road CommercialStreet among others Industrial LayoutsmdashElectronics City

Bharat Electronics Limited layout and HAL Layout

Later the State Government realized that it could not solelyfinance the up gradation of Bangalorersquos infrastructure

requirements Given the constraints on financial resourcesavailable with Government there has been an increasing focus

on attracting private sector participation in the development ofinfrastructure projects In order to create an efficient way of

sharing risk joint financing and achieving balanced partnershipbetween private operators and public authorities termed

as Public - Private Partnership (PPP) the Infrastructure

Development Department (IDD) was formed in 1996 It alsoplays a significant role in the developing of air rail and maritime

connectivity for KarnatakaTo cater exclusively to the Cityrsquos 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 sectorinvestment 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 Krishnaadministration 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 thelast decade Bangalorersquos infrastructural woes had met with

protests by students and IT workers in the city In July 2004

Wipro Technologiesrsquo CEO Azim Premji threatened to pull hiscompany 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 thenvoiced that various projects held up for whatever reasons were

required to be put on stream and accelerated ldquoIt is the keyresponsibility of the State Government to ensure execution of

policies and projects that have been pending for implementationfor too longrdquo Premji pointed out Later in 2005 the Central and

State Governments allocated sizeable funding from their annualbudgets towards the improvement of Bangalorersquos infrastructure

Expressing similar sentiments Infosys Technologies Chief MentorNarayana Murthy had said ldquoThe improvement in infrastructure

including roads bridges airport hospitality industry and

education is not in pace with the growth of the IT industry Ifthat is addressed to quickly the State can register double the

present export volumerdquo

Issues and ConcernsThe growing influx of people into Bangalore due to its economicboom primarily in sectors such as information technology and

biotechnology has upped the need for added infrastructure whichKarnatakarsquos Chief Minister Jagadish Shettar describes as a

ldquoChallenge for the State Governmentrdquo He made the comment

after recently inaugurating the new headquarters of the BruhatBangalore Mahanagara Palike (BBMP) Deputy Chief Minister

and Home Minister R Ashok said the cash-strapped BBMPrequires government assistance pointing out that Bangalorersquos

biggest challenges are monsoon floods and garbage clearance

The BBMP has been instructed to focus on the much neededpedestrian infrastructure parking facilities and solid waste

management apart from planning large infrastructure projects

Kiran Mazumdar Shaw the founder and CMD of Biocon madea strong observation in June 2012 that while the Karnataka

Government is embarking on its next edition of Global InvestorsMeet (GIM) there is hardly any infrastructure in the State on

which investors can bank on She had then commented ldquoPower

I have a dream a vision

for this one State with

many opportunies

Vision 2020 for Karnataka seeks

to propel a holisc growth by

promong equitable development

of sectors and districts by providing

employment to all secons of

people and regions of the State

- Jagadish Shettar Hon`ble Chief Minister

Bangalore Oct 5 2009 Three days of rain and oods in

Karnataka have caused damage of around Rs16500 crore

besides leaving 195 people dead -TopNewsin

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

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PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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30

Estd 1916

Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

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32

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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34

Estd 1916

Notification

7232019 Fkcci Sept 2012

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35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 9: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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9

Estd 1916

and roads are a big problem and successive governments are

responsible for thisrdquo

This statement made the Government machinery go into an

overdrive to assuage her Shaw says ldquoFollowing my outburstsenior government officials came and explained to me that

a good part of the proposed investments that are likely to becommitted in the forthcoming GIM will be made available to

address power and basic infrastructure needs of Karnatakaand especially Bangalore I have never opposed the GIM but

there has to be progress and there needs to be time-bound

implementation of projectsrdquo

Bangalorersquos 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 tookup the revival of 12 lakes costing Rs 105 Crores Work on 10

of these lakes is nearing completion However the Cityrsquos largestlakes like Varthur and Bellandur remain highly polluted with

sewage and chemicals If rejuvenated these could be used tosupply brown water to industries in East Bangalore BDA was

entrusted with Bellandur Lake Rejuvenation but it is unlikelyto 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 underprogress

Roads for ProsperityThe BDA seeks to transform Bangalore to an ideal global

destination with high quality infrastructure better quality of

life by ensuring sustainable and planned development basedon effective monitoring regulation through participatory and

innovative approach The superstructure of Hebbal Flyover ofBDA has bagged the first award at the 9th lsquoOutstanding Bridge

National Awards Competitionrsquo instituted by Indian Institutionof Bridge Engineers The Hebbal Flyover the biggest flyover in

South Asia was executed by Gammon India Limited This uniqueInterchange 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 megaproject was Rs4298 crores RITES a Government of India

enterprise had designed the flyoverThe growth of Information Technology in Bangalore which is

the largest contributor to Indiarsquos software exports has led to

The State has

announced the

Karnataka New

Industrial Policy 2009-14

with an objecve of creat-

ing a level playing eld for

a free and fair compeon

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 amp Medium Scale Industries

Bangalore International Airport

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2740

27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

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PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 10: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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10

Estd 1916

a decadal growth that is second to only that of Indiarsquos capitalNew 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 cityrsquosroads however were not designed to accommodate the vehicular

traffic growing at an average of 8 per cent annually Bangalorecontinues to fall behind in this area While there is still a lot to be

done with regards to the chock-a-block traffic the Governmenthas indeed been working at a great speed to bring Bangalore

at par with the great cities of the world Several flyovers havecome into existence in the last few years easing the traffic and

making travel easier Metro Rail the International Airport atDevanahalli four-laning of Bangalore-Mysore Road Bangalore-

Mysore Express Corridor improvement in BMTC services more

flyovers and underpasses are expected to make traveling bothwithin the city and from outside more comfortable

Bangalorersquos vehicular traffic has increased manifold with 16

million registered vehicles in the citymdashthe second highest for anIndian city after New Delhi The maintenance and constructionof roads to address the growing traffic in the city has been a

challenge to the BDA and the BMP Development of the city roadinfrastructure has revolved around imposing one-way traffic in

certain areas improving traffic flow in junctions constructing

ring roads bridges fly overs and other grade separatorsSix high volume junctions were identified for improvements

through a public-private partnership involving corporate sponsorsand various state government agencies such as the Siddapur

Road and Hosur Road junction sponsored by Infosys and theAirport Road and Intermediate Ring Road junction sponsored by

the TATAs Flyovers were constructed in the city to ease trafficcongestion To ease the vehicular gridlock across the cityrsquos main

roads the BBMP will take up five signal-free corridor projectscovering 52 KM across the city at a cost of Rs426 crore Eight

parking complexes will be built in the city at a cost of Rs200

crore while solid waste management centres will be set up at a

cost of Rs200 crore during next fiscal

Bangalorersquos road network exceeds 3000 KM (1800 miles)and consists of ring roads arterial roads sub-arterial roads

and residential streets The city road network is mainly radialconverging in the centre The main roads of Bangalore coming

into the city include Bellary Road in the north Tumkur Road andMysore Road in the west Kanakpura Road Bannerghatta Road

and Hosur Road in the south and Airport Road and Old Madras

Road in the east Thus these four major entry points near currentBDA 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 workdone on the walls along the median and the sides of the highway

on the lines of the bas relief at Hampi with different themesat different locations depicting the contribution of the state of

Karnataka and Bangalore to the Nation

Another major infrastructure project which has a probablechance of completion in 2012 is the lsquoSignal Free Outer Ring

Roadrsquo a 31 KM stretch from Silk Board to Hebbal JunctionThe first phase launched in October 2008 at a cost of Rs9394

crore by the BDA included flyovers at Agara and Iblur JunctionsThis work was completed in 2011 Second phase was launched

in June 2009 covering 8 junctions at a total estimated cost of

Rs33368 Crores This work is expected to be completed in2012 providing signal free ride on ORR between Silk Board

and Hebbal a major relief for South-East Bangalore and theIT Corridor Airport access has been a major concern BDA is

planning lsquoEast Side Airport Access Corridorrsquo from Chandapuraon Hosur Road to Bangalore International Airport via Gunjur

amp Budhigere The Bellary Road Elevated Corridor seems to bedone in 2012 giving an easy access to the airport for this side

of the City

Target 2015 ADBangalore stands in the 16th place out of the Top 20 cities across

the world in receiving investments The Karnataka Governmentproposes to spend a whopping Rs5500 crore in the ensuing

fiscal (2012-13) for addressing the infrastructure woes of Indiarsquostech hub including its poor public transport and traffic snarls on

its thoroughfares Its civic bodies will also be allotted Rs1000crore 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 togrow by a huge proportion in the coming years

According to the Karnataka Governmentrsquos Revised Master Plan2015 Bangalore Cityrsquos key infrastructure projects that will

accelerate connectivity within the city and outside and also play

The improvement

in infrastructure

including roads

bridges airport hospitality

industry and educaon 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

Trafc Jam in Bangalore

7232019 Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 11: Fkcci Sept 2012

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11

Estd 1916

It is the key

responsibi l i ty

of the State

Government to ensureexecuon of policies and

projects that have been

pending for implementaon

for too long

- Azim Premji CEO Wipro Technologies

a core catalyst to the Cityrsquos growth include

Bangalore International AirportLocated in the north of the city the airport at Devanahalli resulted

in many parallel developments that have taken off in its vicinityThere has been an increased demand for plots residential

layouts office spaces and farm land The roads leading to allthese are now being upgraded to an elevated project to give a

boost to connectivity The government also has plans to set up ahuge aerospace IT and BT Special Economic Zone close to the

airport Mass transit systems have also been planned to enabletravellers 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

NICE CorridorThis 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 forcommuters in the city Commuting from Jalahalli to Electronic

city on Hosur Road which was unrealistic earlier given theCityrsquos traffic and congestion is now easily possible thanks to

this corridor This has given a boost in the sale value of villasin Bangalore land for sale in Hosur and plots near Electronic

City Massive apartment complexes IT parks and malls closeto the NICE corridor offer good rental returns Hence this

infrastructure project has given a boost to areas which wereearlier not easily accessible

Metro Rail-Namma MetroThe Metro Rail project that will criss-cross the City will bean astute driver of its growth story Though it will run across

congested areas and already well-established residentialregions 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 Rs11609 crore for the first phase Rs7168 crorehas been spent so far

The second phase to be taken up at a cost of Rs24000 crorewill be completed by 2018 The State Government has approved

phase two of the Bangalore metro rail project to extend thehigh-speed service across the city covering 72 km more by 2017-

18 at a cost of Rs26405 croreThe 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 centralgovernment approval in September The Bangalore Metro Rail

Corporation has started exploring funding options includingtapping domestic bond markets

With the opening of Reach-1 between Baiyapanahalli and

Cubbon Park Banglore

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

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PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 12: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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12

Estd 1916

Karnataka has specic

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 substanal energy in the installed capacity

- K Shiva Shanmugam President FKCCI

In the wish list of Bangalore infrastructure

Cricket Stadium (67 km) Namma Metro seems to have pickedup steam and 2012 should see the opening of Reach-2 from

Leprosy Hospital to Mysore Road (64 km) and Reach-3 from

Sampige Road to Yeshwanthpur (51 km) Properties along the

tract will now be able to go vertical and command higher pricesdue to its proximity to Bangalorersquos new transit system The areas

around Baiyapanahalli such as Ramamoorthynagar C V RamanNagar and Kaggadasapura have witnessed property prices go

up after the Reach I of the project was completed and becameoperational

IT corridor

The Cityrsquos 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 Theemergence of huge IT parks and construction of roads to connect

the IT belts has led to residential and retail options emerging ina major way

Industrial belts

Peenya and Hoskote have emerged as success stories in the cityrsquosindustrial growth map Situated to the north and east of the city

respectively these industrial parks have also grown much beyondtheir 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 upto Narsapur This is due to infrastructure projects such as good

roads that are offering efficient connectivity in these areasThere seems to be plenty of infra-action to look forward to

positively happening in Bangalore at least till 2015 The StateGovernment has to fire all its cylinders to keep the momentum

of its infrastructure activity going which will be directlyproportional to the growth of the City Else the Brand Bangalore

machinery is going to be the loser if it loses out on its crucialnuts 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 re 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

7232019 Fkcci Sept 2012

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13

Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

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7232019 Fkcci Sept 2012

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JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

7232019 Fkcci Sept 2012

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 13: Fkcci Sept 2012

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Estd 1916

FKCCI work

FKCCI News

Bankersrsquo Meet

Interactive Meeting with

Mr SN SiddaramappaDCP Bangalore (West)

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 KShiva Shanmugam President FKCCI in his welcome

address said that the Department of Commercial Taxes

Government of Karnataka had noti1047297ed 14 banks for collectinge-payments As per Noti1047297cation NoEG1ndashCR 42012-13 dt

2742012 it had become mandatory for all dealers paying

an amount of Rs25000 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

these noti1047297ed 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 AddlCommissioner of Commercial Taxes (GST) Govt of Karnataka

said that the Commercial Taxes Department had 1047297rst introduced

e-1047297ling which was a success Then it introduced e-payment

which is also successful from the banking sector as well as the

dealersrsquo 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 noti1047297ed for the

convenience of the dealers he added

Mr BT Manohar Chairman State Taxes Committee FKCCI

in his observations said that the dealers who are customers in

net banking are 1047297nding dif1047297culty in operating the accounts He

requested the Bankers to educate the dealers in this regard and

not to insist on maintaining a minimum balance

Mr BN Biradar Asst Commissioner of Commercial Taxes

e-1047297ling in his address said that CTD should recommend to

the 1047297nance department who will then recommend RBI for

authorizing banks for e-payment

During the interaction the members said that they were 1047297nding it

very dif1047297cult to open online accounts amp operate in the designated

Banks noti1047297ed 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 GeneralManagers 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

An Interactive Meeting with Mr SN Siddaramappa IPS

Deputy Commissioner of Police Bangalore (West) was held on

2nd August 2012 at FKCCI

Mr SN Siddaramappa mentioned about the hardships

infrastructural dif1047297culties low manpower availability and

increased workload over the years and the sudden upsurge in

Interactive meeting with Bankers - 31st July 2012

Interactive Meeting with Mr S N Siddaramappa IPS

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

7232019 Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

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ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 14: Fkcci Sept 2012

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14

Estd 1916

Workshop on Service Tax

population of Bangalore in last decade Disagreeing with the

NCRBrsquos data regarding crimes against women he stated that

actually crimes vary and in most cases belongs to elopement

Immoral Traf1047297c (Prevention)Act and such other occurrencesHe 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 1047298out 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 ldquoThey do not listen to us

Not even one barrsquos license is suspendedrdquo he regretted He also

called on the industry bodies to come forward with donations for

HD CCTV cameras ldquoWe are extremely short staffed There is a

policeman for 1000 peoplerdquo 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 low-morality and youth resorting to crime to maintain lifestyle

ldquoBangalore now needs police force that is sophisticated

equipped with modern weaponry high-tech gadgets and above

all high caliber manpowerrdquo 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 MurthyWorshipful Mayor BBMP

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

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 1047297ve and above 1047298oors

will be made compulsory to tackle the power problem in thecity Discussing on Trade License the Mayor informed that there

was a noti1047297cation that Trade License will be called as Business

Certi1047297cate and all traders have to get the Business Certi1047297cate

and the renewal could be done once in three years or 1047297ve years

Mr K Shiva Shanmugam President FKCCI in his welcome

speech explained that Bangalore city being in the forefront

in ITBT 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 growthand development of industries in the city

A Workshop on ldquoService Tax - Applicability of New Enactments

Rules Negative List etcrdquo 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 Noti1047297cation

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 amp Services Tax (GST)Mr IS 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 KS Naveen Kumar Advocate in his presentation explained

about the new Service Tax Law its comprehensive approach

de1047297nition 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 presentationon 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 BD 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

Address by D Venkatesha Murthy

Worshipful Mayor BBMP - 3rd August 2012

7232019 Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 15: Fkcci Sept 2012

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15

Estd 1916

Interactive Meeting with

Mr M N Vidyashankar IAS Principal Secretary

Dept of Commerce amp IndustriesAt the outset Mr MN Vidyashankar IAS

Principal Secretary Department of Commerceamp Industry Government of Karnataka informed

that Electronic City Industrial Area would

shortly be designated as noti1047297ed area and anote on Peenya Belgaum and other township

development issues has been presented to theGovernment for consideration The 1st hardware

technology park set up near the BangloreInternational Airport in Devanahalli will be

inaugurated during end-September this year he

said Highlighting the comparative advantages ofIndia and Taiwan Mr Vidyashankar said that the

Department expects the park to host 300 to 500Taiwanese companies coming to Bangalore to

set up shop as well as explore joint ventures with

their counterparts in Karnataka Investments tothe tune of Rs600-750 crore are envisaged for

the project which will be devoted to setting upmanufacturing chips LEDs computer hardware

and telecommunication equipments He also

declared that an agreement with Taitronic

Address by Mr M N Vidya Shankar IAS Principal Secretary

Commerce amp Industries GoK - 7th August 2012

(Taiwan Electronics Manufacturers Association) and TCA(Taipei Computer Associates) will be signed by the Government

Mr Vidyashankar said that the Department has already takendecision to exempt industries from paying trade license fee to thelocal bodies the BBMP and others which would be announced

soonThe Industry Ministry has sent a note to the Urban Development

Department asking BBMP not to force trade licenses on

industries but other shops and establishments will not beexempted from obtaining the trade license he added Regarding

enhancement of the scope of single window agency and high levelcommittee to clear projects of higher value Mr Vidyashankar

said that it is being duly considered by the State Government

He also mentioned that the Karnataka Small Scale IndustriesDevelopment Corporation would be renamed Micro Small and

Medium Enterprises Corporation

Commenting on the Global Investorsrsquo Meet 2012 MrVidyashankar announced that the Honrsquoble Chief Minister ofKarnataka will be launching a new portal wherein investors can

track the status of their projects This portal containing details

of all the existing and upcoming industries would be linked withthe present Advantage Karnataka website The portal will list

the number of clearances required and days needed by each ofthe Departments for approval A total of 138 industrial areas

have been geo-spatially mapped to facilitate identi1047297cation of

vacant plots for setting up industriesTo address domestic and industrial water demand in the State a

tertiary treatment plant with a capacity of 60 million litres perday has been proposed linking a major raja kaluve A French

company has agreed to provide the pipeline and has committedto complete the work in 13 months

Mr Vidyashankar informed that the Government of Karnataka iscontemplating setting up an innovation and technology instituteon the lines of the Industrial Technology Research Institute

(ITRI) Taiwan at Mokshagundam to provide a boost to industryand industrial activities 250 acres of land has been identi1047297ed

and the approval is awaited A report in this regard has been

prepared by scientist Roddam Narasimha being vetted by ProfCNR Rao

While interacting with the members Mr Vidyashankarsuggested that trade bodies and the concerned Government

Departments should meet at least once in a quarter to sort out

issues pertaining to industry and commerce in the stateEarlier in his welcome address Mr K Shiva Shanmugam

President FKCCI mentioned that Karnataka needs to cope

up with the rising demand of power road connectivity and railconnectivity There is an urgent need to sanction power forthe new industries coming up in the industrial areas of all the

districts Infrastructure including proper solid waste disposal

mechanism within the industrial estates in every district needto be upgraded The issue of MSME Corridors adjacent to the

National Highways is also to be addressed he addedMr CR Janardhan Chairman Industry MSME and Corporate

Affairs Committee of FKCCI in his observations said that training

centres for skill development should be established in the StateHe also mentioned that the Joint Directors should disseminate

information on all MSME Schemes available in their respectiveareas so that they can avail the advantages of the Schemes

7232019 Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 16: Fkcci Sept 2012

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16

Estd 1916

Interactive Meeting with Dr Rahul Khullar Chairman

Telecom Regulatory Authority of India (TRAI)

Workshop on Update on KVAT

and e-Initiatives of Commercial

Taxes Department at Mysore

An Interactive Meeting with Dr Rahul Khullar ChairmanTelecom Regulatory Authority of India (TRAI) was held on 13th

August 2012 at 500 pm at FKCCI

Dr Khullar said that the proposed auction of airwaves wouldbe successful He informed that the telecom industry has notreplied back on the issue of TRAIrsquos decision to 1047297x reserve price

at Rs18000 for spectrum once it was put on in the public

domain He said that TRAIrsquos recommendation is not mandatorythe government is free to modify their suggestions The Supreme

Court had 1047297xed a deadline up to August 31 2012 for thespectrum auction

He informed that if prices for essential commodities has seen

steep rise in recent years it is inevitable that mobile call tariffwould go up as well Although telecom service providers are

under tremendous pressure the source of their problem lies inthe legacy decisions taken by the service providers in the past

He also informed that TRAI proposed to levy a late fee of up to

Rs2 lakh on telecom operators which fail to report tariff withinseven days from the date of implementation

Mr K Shiva Shanmugam President FKCCI in his welcomespeech said that our country is the second largest mobile phone

market in the world and there is a constant increase in thenumber of subscribers and users The GSMA which represents

the interests of mobile operators worldwide has announced

that India will become the second largest mobile broadbandmarket globally within the next 4 years with 367 million

mobile broadband connections by 2016 This will make it alarger 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 stakeholdersWhile making the observations Mr IS Prasad Chairman

A Workshop on Update on KVAT and e-Initiatives of Commercial

Taxes Dept was organized by Mysore Chamber of Commerceamp Industry (MCCI) in association with the Federation of

Karnataka Chambers of Commerce amp Industry (FKCCI) and

District Industries Centre (DIC) Mysore on 17th August 2012at Mysore

Mr Sudhakar S Shetty President MCCI in his welcome addressmentioned that such Workshop has been organized for the 1047297rst

time in Mysore and that the response is encouraging He thanked

the FKCCI for organizing the Workshop in Mysore which givesan opportunity to discuss practical problems

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

Economic Affairs said that though TRAI has set some guidelineson 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 toldthat FKCCI will join hands with TRAI to organize awarenessprogramme on role of TRAI across the State

During the interactive session terming TRAIrsquos recommendations

on spectrum auction as ldquoarbitrary regressive and inconsistentrdquotelecom operators said that the proposals would hurt further

investment in the sector and expansion of services in rural areasMany operators had expressed apprehensions that tariff would

go up steeply if TRAI recommendations were accepted

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

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JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

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PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 17: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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17

Estd 1916

Mr R Jagadeesh Prasad Additional Commissioner of

Commercial Taxes (GST) Commercial Taxes DepartmentBangalore thanked all the taxpayers for co-operating in making

the VAT system successful FKCCI and the District Chambersin 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 instrengthening the Governmentrsquos initiatives and getting more

revenue to the GovernmentMr BM Basappa Joint Commissioner of Commercial Taxes

Divisional VAT Of1047297cer (Admin) also interacted with the

participants during the Workshop on the issues affecting theassesses

Mr K Shiva Shanmugam President FKCCI in his address saidthat Help Desks of the Commercial Taxes Department should be

set up in every District so as to guide Trade amp Industry aboutthe changes and help them in complying He further informed

that through the Commercial Taxes Consultative Committee theFKCCI discusses practical problems faced by Trade amp Industryand many a time the Department has taken serious note of it and

provided the necessary relief he addedMr BT Manohar Chairman State Taxes Committee FKCCI gave

an update on VAT and Mr VV Hodlur Deputy Commissioner of

Commercial Taxes GoK made a presentation on the e-initiatives

Mr K Shiva Shanmugam President FKCCI

lighting inaugural lamp at the seminar

Awareness and Education

Seminar on lsquoAgribusiness amp

Commodity Futures MarketPrice Risk Managementrsquo

FKCCI is supporting The Hindu Business Line in organizing

a series of Stakeholder Awareness and Education Seminar

on lsquoAgribusiness amp Commodity Futures Market Price RiskManagementrsquo in association with Forward Market Commission

and NCDEX across various districts of Karnataka

The 1047297rst Seminar was held at Mysore on 17th August 2012followed by the second at Bangalore on 18th August 2012

Addressing the Seminars Mr K Shiva Shanmugam PresidentFKCCI 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 1047297nancialsector In the wake of globalization and consequent surge in

the global uncertainties 1047297nancial organizations are engagedin 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 storageand a plethora of other natural disasters which in1047298uence their

income speculations and have negative impact on the standardof living ability to build capital and ability to access credit and

repay debts The impact of price volatility on producers is muchgreater in developing countries than it is for those in developed

market economies This calls for a system which not only yieldsadequate return to its producers but also ensures timely supplyat desired prices to the consumers It is in this sphere that the

futures markets hold immense potential for the economyThe Seminar at Mysore was also supported by the Mysore

Chamber of Commerce amp Industry In his welcome address

during the Seminar held at Mysore Mr Sudhakar S ShettyMCCI mentioned that 60 of Indian population lives in

village and majority depends on agriculture which continues tosupport 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 combatthe bottlenecks that come ldquoday in and day outrdquo

The Chief-Guest for the Seminar held at Mysore was Dr PS

Vastrad IAS Deputy Commissioner Mysore Dr Vastrad saidthat there is no safety or security for the products of farmersor 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 Hesaid that Agriculture was the most risky business in India due to

various reasons To build buffer stocks a lot needs to be done tocreate storage space at villages and hoblis he added

Dr GK Vasantha Kumar Additional Secretary Agriculture

Department Government of Karnataka was the Chief-Guest forthe Seminar organised at Bangalore In his Keynote address Dr

Kumar said that farmers are getting exposed to price 1047298uctuationsowing to lack of uniform supply chain in commodities This

de1047297ciency is also making the sector too risky for farmers to

invest in otherwise pro1047297table activity He said that instability ofcommodity prices has always been a major concern of producers

processors traders and consumers the major reason is tradebeing supply and not demand driven

Mr G Chandrashekar from The Hindu Business Line madea presentation on ldquoCommodities as critical driver of Indiarsquos

economic growthrdquo during the Seminars In his presentation

he said that India has a foreign reserve of 290 billion dollarswhich would last for 7 months imports Stating India as a young

nation he pointed that 31 of Indian population is belowthe 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 at25 whereas manufacturing and service sectors are growing

7232019 Fkcci Sept 2012

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18

Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

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ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

7232019 Fkcci Sept 2012

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 18: Fkcci Sept 2012

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Estd 1916

Meeting with Commissioner

of Commercial TaxesAn Interactive Meeting with Mr Yogendra Tripathi IAS

Commissioner of Commercial Taxes was organized on 23rd

August 2012 at FKCCIMr K Shiva Shanmugam President FKCCI in his welcome

Address by Mr BH Anil Kumar Managing Director Karnataka

Road Development Corporation Limited on 21st August 2012

Address by

Mr BH Anil KumarManaging Director Karnataka Road

Development Corporation LimitedMr B H Anil Kumar Managing Director Karnataka RoadDevelopment Corporation Limited addressed the members of

FKCCI on 21st August 2012Mr Anil Kumar briefed on the KSHIP-I and KSHIP-II projects

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

created a free trade environment and our market was graduallyintegrating with the global market As it integrated market risk

perception heightened Hence it was imperative to focus onrisk 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 tradingthe price discovery helps producers sellers consumers and also

exporters amp importers in discovering the price for a future datewhich helps in decision making Price risk management helps

in insuring the price against adverse price movement amp locks in

pro1047297t margin he statedDr M Mathisekaran Director Forward Markets Commission

highlighting on lsquoRegulatorrsquos Perspectiversquo at the Seminar atBangalore said that demand and supply issues in commodities

were causing in1047298ation not the future markets He also mentionedthat futures trading was plagued by many challenges such as

fragmented physical market and lack of proper storage practicesby warehousesMr VB Prem Kumar Deputy Manager NCDEX and Mr Aashish

Argade Manager NCDEX made presentations on lsquoBene1047297ts ofcommodity futures trading and exchange perspective amp price

risk managementrsquo during the Seminars at Mysore and Bangalore

respectively While explaining the functions of NCDEX they saidthat NCDEX trades in 31 commodities has 848 members and

over seven lakh clientsDr K Lakshmisha General Manager amp Group Executive (Agri

amp MSME) State Bank of Mysore made a presentation on lsquoRole

of banks in transportation and storagersquo He provided detailsof capital investment subsidy schemes of the bank towards

agriculture sector

The Seminars were followed by interactive session during whichthe following issues were raised

bull Forward Market Commission penalizes Dabba Traders

harshly

bull Who would assess the quality of commodities stored in thegodown

Answering to this question the panelists said that there are 600NCDEX godowns existing The traders have liberty to complain

to FMC or even check the quality of the commodities

bull Why coffee is inactive in the exchangeTo this they clari1047297ed that there was confusion on who should

trade coffee- whether the producer processor or consumerThe Seminars were attended by various market participants

including producers processors traders importers exporters

trade intermediaries and others engaged in agri-business

taken up by the Department and also provided details of theroads which are being constructed and to be constructed He

also highlighted on the projects implemented with PPP modelResponding to the question on the quality of the roads inBangalore Mr Anil Kumar told that the department is laying

new roads every 1047297ve years He expressed his dissatisfaction thatthe 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 projectis delayed due to delayed clearance from the Environment

Department Addressing the issue of construction of unscienti1047297cspeed breakers Mr Anil Kumar said that the department has

already started removing the unscienti1047297c speeder breakers and

is planning for construction of speed breakers which are userfriendly

Mr K Shiva Shanmugam President FKCCI in his welcome

address stressed upon the need for safe and effective roadnetwork in the State for the development of trade industryand 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 infavour of the citizens of Karnataka

Mr Prakash Mandoth Executive Chairman InfrastructureCommittee 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 ofexclusive funds for road development and also making Suvarna

Karnataka Development Corridor Program a success He alsoinformed that in Bangalore unscienti1047297c speed breakers are

being built which cause problems for the vehicle users

Mr R Shivakumar Senior Vice President of FKCCI whileproposing the vote of thanks extended all support within the

purview of FKCCI to the development initiatives taken up bythe KRDCL

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

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PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 19: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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19

Estd 1916

A report on visit to MRPL MSEZL UPCL and ISPRLMr S Babu Past President FKCCI was nominated from FKCCI

to be a part of the Committee constituted by Karnataka StatePollution Control Board (KSPCB) to visit MRPL MSEZL

UPCL and ISPRL comprising of the Chairman Mr AS

Sadashivaiah Professors in various 1047297elds Dr S Manjappa DrR Siddaramappa Dr BS Jai Prakash Mr Vijayakumar and

Senior Environment Of1047297cer Mr KM LingarajuOn 6th August 2012 the team 1047297rst visited Mangalore Re1047297nery

and Petro Chemicals Limited (MRPL) which is a subsidiary of

ONGC (with 7162 equity) and had detailed discussions withMr PP Upadhya the Managing Director The team observed

that the Company has been con1047297rming to the environmentalnorms and also the advice given by the above expert team on

environmental issues with regard to air pollution controlwater pollution control solid waste management ground water

management sea water management ef1047298uents discharged etc

Thereafter the team visited Mangalore Special EconomicZone Limited (MSEZL) This is an upcoming SEZ Project

and the team studied the green belt activities undertaken bythe company The company has already planted about 42000

saplings in 109 acres of processing and non-processing areas as

on June 2011 They are also doing a lot of social projects undercorporate social responsibility such as maintenance of temples

schools etc Some of their future proposals include developinggreen belt in 45 acres in the processing area of Mangalore

SEZ Ltd during 2012-13 conducting environment awareness

programmes in all the RampR colonies etcThe 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 MWpower 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 1200 MW power will help Karnataka to

certain extent During their presentation it was informed thatthey 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 thePollution Control Board authorities

The Company has also planted many saplings and is trying to retainthe 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 wastesare collected and disposed separately The wastewater generated

is being discharged about 670 mts inside the sea and the seawater quality at discharge point is being monitored regularly

by the College of Fisheries Mangalore The Company has alsofocused on CSR activities through which environment camps are

conducted

The team next visited the project of Indian Strategic PetroleumReserves Limited (ISPRL) at Padur This project with

approximately 1000 crores investment was commenced in 2010This 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 lsquoUrsquoshaped tunnels with lsquoDrsquo shaped cross section and consists two

storage units The total tunnel work will be done in 135 kmsand the volume of excavation is about 35 million Cu Mt that

is about 875 MMT The storage of crude oil here will be used

during emergency which will last for about 15 days to meet theentire nationrsquos requirement The visit provided an opportunity to

observe and study the environmental issues of some of the majoroil re1047297neries and distilleries Mr S Babu on behalf of FKCCI

thanked the Chairman Mr AS Sadashivaiah and his team forgiving the opportunity to visit the above organizations which was

quite educative

address said that the Commercial Taxes Department inKarnataka through its e-initiatives facilitate dealers to register

make e payment 1047297le returns online and download statutory

forms The stakeholders- dealers VAT of1047297cers and check postof1047297cers exchange data electronically He further said that FKCCI

interacts with the Commercial Taxes Department on a day today basis Through interaction and meetings of the Commercial

Taxes Consultative Committee the practical problems faced byTrade amp Industry are discussed and many a time the Department

had taken serious note of it and provided necessary relief

Mr BT Manohar Chairman State Taxes Committee FKCCIin his observations said that there were problems regarding

registration and updating amendments to registration Heinformed that FKCCI was not consulted by the Government

while increasing the VAT rate by 05Mr 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 dif1047297cult periodHowever owing to technology of the department and readiness

of Trade and Industry the shift over to GST would de1047297nitely bemuch smoother than the shift over to VAT He informed that

refund has to be done only after minimum veri1047297cation and that

issuance of C Form has been partly automatedHe said that he would look into making registration simpler and

streamline the visit of of1047297cers especially during amendment to

registration He said that initiatives would be taken to make theHelp Desk on e-initiatives more effective He appreciated the

positive role played by FKCCI and other trade bodies in creatingawareness

Further he said that the trend in tax collection was positiveduring the 1047297rst quarter of this 1047297scal The collection of VAT stood

at Rs7600 crore during the 1047297rst quarter The department also

collected Rs2520 crore in July alone The department expectsmore VAT during festival season There was a target of VAT at

Rs26000 crore for the 1047297scal 2011-12 but it was exceeded byRs900 crore There will be no problem to meet the target of

Rs31000 crore during this 1047297scal he addedWhen asked about the large number of unregistered dealers in

the state he said the department would be conducting a survey

to 1047297nd out such dealers ldquoAs per the records of commercialtaxes department there are 4 lakh registered dealers in the

state There is no need for all the dealers to register with usFor example dealers with less than Rs5 lakh turnover need not

registerrdquo he said

7232019 Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2440

24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

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cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 20: Fkcci Sept 2012

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20

Estd 1916

Photo Feature

Photo Feature

Interactive Meeting with Mr Murugesh R Nirani Honrsquoble Minister for Large amp Medium Scale Industries Government of Karnataka

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

3rd Annual Sustainability in Design amp Construction Summit 2012Seminar on Letter of Credit Transactions -

Operational Issues

Meeting with Mr Jagadish Shettar

Honrsquoble Chief Minister of Karnataka

Interaction with Justice MrDR Deshmukh

Chairman Company Law Board

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2740

27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2840

28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 21: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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21

Estd 1916

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

Mr K Shiva Shanmugam President

at the Indian Academy Degree College

National Conference on Transition Effecting Changes organized

by the Garden City College

Launch of Kannada Cinema SMUGGLER

Jagrutha Vehicle Launch

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2340

23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2640

26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2740

27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2840

28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

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Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 22: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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22

Estd 1916

FKCCI journal ldquoMysore Commercerdquo is being appreciated by the

of ficials of Indo - Japanese Association Karnataka function

Independence Day Celebrations at FKCCI

Karnataka Manufacturing Summit organizedby ASSOCHAM Bangalore UK delegation with Of fice 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

7232019 Fkcci Sept 2012

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23

Estd 1916

FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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24

Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

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7232019 Fkcci Sept 2012

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29

Estd 1916

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7232019 Fkcci Sept 2012

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30

Estd 1916

Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

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32

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

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Notification

7232019 Fkcci Sept 2012

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35

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 23: Fkcci Sept 2012

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FEDERATION OF KARNATAKA CHAMBERS OF COMMERCE amp INDUSTRY

SUB-COMMITTEES FOR THE YEAR 2012-13Sl

NoName of the Committee

Chairman Chairperson

Sriyuths

Executive Chairman Chairperson

Sriyuths

Co-Chairman Chairperson

Sriyuths

Advisor

Sriyuths

1 Administration amp Finance KShiva Shanmugam

2 Tourism

Directory

KShiva Shanmugam Tallam R Dwarakanath

PS Venkatesh Babu

3 Energy amp

Renewable Energy

MG Prabhakar M Prabhakar Naidu

S Ramesh

4 Central Taxes

Company Law

Economic Affairs

Banking Finance

ADR

Capital Markets

IS Prasad

Dr AS Vishnu Bharath

K Ravi

K Ramaswamy

5 State Taxes Sales Tax

Local Excise Duty

BT Manohar RC Purohit

6 Women Entrepreneurs amp

Committee on SAARC

Sri Lakshmi Kamath Rupa Rani S Babu

7 Committee on MANTHAN Uma Reddy

8 IT amp BT Raj Bhasin

9 Internal Trade Bharath Kumar R Shah K Anandam

17 International Trade

Business Research

EXIM Club

R Krishna

KM Pai

Manoj Palrecha

D Muralidhar

18 Industry-Large CR Janardhana J Crasta

19 MSME MC Dinesh

20 Corporate Affairs D Suresh Kumar

21 Membership

Local Association

Perikal M Sundar

Ramesh Chandra Lahoti Raj Purohit

KN Jayalingappa

10 APMC BL Shankarappa

11 Food Processing T Sai Ram Prasad

12 FKCCI AOL Business Conference

Committee

B Amarnath PS Venkatesh Babu

CK Sreenathan

S Babu

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 amp

Chitradurga

(vi) Mandya Mysore Chamrajnagar

amp Hassan

(vii) Dakshina Kannada Udupi

Kodagu amp Chickmagalur

(viiii) Bangalore Rural Ramanagar

Chickballapur Tumkur amp Kolar

Sudhakar Shetty(Zonal District Chmn)

BS Basavaraj S Javali

Basawaraj Hadgil

Trivikram Joshi

DD Punekar

M Bharadwaj

HT Chandra Shekar

KB Girish Ganapathy

Sugnan Hiremath

(Zonal Dist Executive Chmn)

GG Hegde Kadekodi

BG Shetkar

Vishwanath Avanti

PD Shiroor

N Yashavanth Raj

A Jayasimha

G Parameshwaraiah

B Suresh

Zonal DistCo-Chmn)

Damodar Rathi

Guddodagi

Ashok Swami

CK Ramu

NH Jayantha

Prasadraj Kanchan

SS Patil

14 Civic Affairs amp PR Committee S Ejaz Ahmed Sait CaptMM Harish K Ramaswamy

15 Infrastructure Prakash Mandoth

16 Human Resources

IR amp PF

Skill Development

G Ramanand Ramkumarr Seshu

Sumitra Iyengar

Manandi N

Suresh

FKCCI Sub-Committees

7232019 Fkcci Sept 2012

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Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

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PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

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PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

7232019 Fkcci Sept 2012

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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35

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 24: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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Estd 1916

Economic Review August 2012Economic Review - August 2012- Business Research Cell - FKCCI

First Quarter Review of Monetary Policy 2012-13

bull Statutory Liquidity Ratio of scheduled commercial bankshas been reduced from 240 per cent to 230 per cent of

their NDTL with effect from the fortnight beginning August

11 2012

bull Repo rate under the liquidity adjustment facility (LAF) hasbeen retained at 80 per cent

bull Reverse repo rate under the LAF determined with a spread

of 100 basis points below the repo rate remains at 70 percent

bull Marginal Standing Facility (MSF) rate determined with a

spread of 100 basis points above the repo rate stands at 90per cent

bull Bank Rate stands at 90 per centbull Cash Reserve Ratio of scheduled banks has been retained

at 475 per cent of their net demand and time liabilities

(NDTL)

Industrial Production June 2012

Indiarsquos Industrial production slipped into the negative territoryshowing -18 growth during June 2012 as compared to that

in June 2011 The cumulative growth for the period April-June2012-13 stood at (-)01 over the corresponding period of the

previous year The growth rates for the Mining Manufacturingand Electricity sectors for the month of June 2012 was 06

(-)32 and 88 respectively as compared to June 2011 Thecumulative growth in the three sectors during April-June 2012-

13 over the corresponding period of 2011-12 has been (-)11

Indiarsquos Industrial production slipped into the negative territory showing-18 growthduring June 2012 as compared to that in June 2011 The cumulative growth for the periodApril-June 2012-13 stood at (-)01 over the corresponding period of the previous year

Economics

IndustryJune

2011

June

2011

Apr-Jun

2012-13

Overall 95 -18 -01

Mining -14 06 -11

Manufacturing 111 -32 -07

Electricity 8 88 64

Table IIP Growth () over the cor respond ing period of

previous years

Source CSO

Base 2004-05=100

Commodity Groups Weight July 2011 June 2012 July 2012Build up infl ation

in 2012-13 All Commodities 100 936 725 687 236

Primary Articles

- Food

- Non-Food

- Minerals

2012

1434

426

152

1147

819

1577

2584

1046

1081

685

1449

1039

1006

1305

843

529

766

490

-641

Fuel amp Power 1491 1204 1027 598 -129

Manufactured Products

- Food

- Non-Food

(core inflation)

6497

997

5500

773

813

766

500

578

486

558

625

546

217

363

143

Table WPI Infl ation Year on Year (in percentage)

Source CSO

Base 2004-05=100

(-)07 and 64 respectively The production of capital goodsdecreased by 279 in June 2012 from that in June 2011 The

Consumer durables and Consumer non-durables have recordedgrowth of 91 and (-)10 respectively with the overall

growth in Consumer goods being 35

Monthly Inflation - Wholesale Price Index (WPI) July 2012

The Wholesale Price Index (WPI) for the month of July 2012declined to 687 from 725 in the previous month The

easing of in1047298ation was once again due to fall in fuel pricesFuel in1047298ation fell to 598 itrsquos lowest since December 2009

The WPI index for food articles through declined to 1006 in

July 2012 from 1081 in June still continues to worry withspeculations for further price rise owing to weak monsoon Core

7232019 Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

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cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 25: Fkcci Sept 2012

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25

Estd 1916

in1047298ation increased to 546 thereby pushing up the in1047298ation inmanufacturing group to 558 from 5 during the last month

Build up in1047298ation in the 1047297nancial year so far (April-July 2012)

was 236 compared to a buildup of 314 in the correspondingperiod of the previous year

Inflation based on Consumer Price Index (CPI) July 2012

Provisional annual in1047298ation rate based on all India general CPI(Combined) for July 2012 on point to point basis (July 2012

over July 2011) was 986 as compared to 993 (1047297nal) for

the previous month of June 2012 The corresponding provisionalin1047298ation rates for rural and urban areas for July 2012 were

976 and 1010 respectively The provisional annualin1047298ation rates of July 2012 for rural urban and combined in

respect of lsquofood and beveragesrsquo were 1133 1215 and1153 respectively In1047298ation rates (1047297nal) for rural and urban

areas for June 2012 were 965 and 1044 respectively

Indiarsquos foreign trade during July 2012

Indiarsquos exports for the month of July 2012 stood at USD 224billion compared to July 2011 when it stood at USD 263 billion

registering a decline of (-) 148 During July 2012 the imports

were USD 379 billion as compared to USD 411 billion in July

Category

Month

Rural Urban Combined

May lsquo12 1211 1191 1201

June rsquo12 1226 1205 1215

July rsquo12

(Provisional)

1238 1217 1227

Table Ju ly 2012 CPI for Karnataka

Source Ministry of Statistics amp Programme Implementation

Base 2010=100

2011 Balance of Trade stood at USD 155 billion during July

2012 as compared to USD 148 billion in July 2011The cumulative 1047297gure for the period of April-July 2012 shows

exports at USD 976 billion as compared to USD 1028 billionin April-July 2011 while the cumulative imports for April-July

2012 stood at USD 1532 billion as compared to USD 1638

billion in April-July 2011 The cumulative 1047297gure for the Balanceof Trade for the period of April-July 2012 stood at USD 556

billion as compared to USD 610 billion in April-July 2011

7232019 Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 2940

29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

sup1UAgrave AumlordfAgraveAringzAgrave Auml zAgrave Aumlregeth s AgraveordfAacuteUAgrave AumlvAgrave UcirczEacuteraquoAtildeUAacuteV CcurrenordfAacuteAiAgrave AumlethordfAacuteV PEacuteregcedilAgraveordmAgrave AumlqAgrave AumlQPEacute AEligAqAgrave Auml yenAgravegAgrave Agrave Uumlfrac14AgraveUAgravefrac12UEacuteordfAgraveregcedilEacute CcurrenordfAacuteAiAgrave AumlethordfAacuteVzEacuteCμ Eacute OumlAtildePEacute PAgravepoundAacuteethlPAgravezAgrave CpoundEacute AtildePAgrave fmacrEacute egraveUAgravefrac14AgravedegegraveAiAgrave AumlAEligEAvAgraveordmAgravezEacuteAtilde yenAgravejsup1Uumlw EzEacute cedilAacuteordfAgraveeth s EumlordfAgrave Auml gAacuteμ Agrave OumlccedilordfAacutezAgrave s AacutegAgravevAgravezAgrave yenAgrave aeligwAiEacute AEligsectacirc yenAgrave aeligeEacuteUAgraveAElig zEacuteAtildeplusmnAgravezAgrave AiAgrave iAacuteordfAgraveAringzEacuteAtildes AacuteUAgravezAgravedegegrave poundEacute Eacute Agrave AumlordfAgrave ordfAgrave AumlvAgrave AumlUcirc zAgrave AumlrAiAgrave AumlAumlordfAgrave ordmAgravePAgrave AumlIgrave EzEacute

JAsectAumlzAgraveAuml UAgraveordfAgrave AumlpoundAacuteordmAgraveeth laquoplusmnEacuteAtildeμ AgraveordfAacuteV cedilEacuteAtildeordfAacute

PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

PEacuteregcedilAgrave ordfAgraveiAacuterzAacuteUAgrave yenAgrave aeligwAiEacute AEligAzAgrave Auml PAacuteAiAgrave AumlethPEacute eumlAtildevAgrave aeligordfAgrave Aring poundAgraveordfAgrave AumlaumlzEacuteAtildeplusmnAgravezAgrave lsquoCpoundEacuteAtildePAgravevEacute AiAgrave Aumldegegrave KPAgravevEacutersquo JAsect zs Eacute aringAtildeAiAgrave AumlordfAacutePAgrave aringordfAgravepoundAgrave AumlszligPAacuteAiAgrave AumlethgAgrave AEligyenAgravePEacute Igrave vAgravegAgrave AumlordfAgrave WAgrave lPAgraveUAgravefrac14AacuteV yenAgravejordfAgravevAgraveethpoundEacute ordmEacute AEligAzAgraveAumlordfAgrave AringzAgraveAuml gAacuteparaOumlccedilAtildeAiAgrave Auml LPAgrave aringvEacuteAiAgrave Auml zAgrave EgraveparatimesnotAumlAzAgrave cedilAacuteeacuteUAgravevAacuteordmAgraveeth laquoμ AgraveAiAgrave Auml EzAgravePEacute Igrave laquogAgrave AumlzAgrave THORNordfAacuteV ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 26: Fkcci Sept 2012

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26

Estd 1916

Karnataka Business NewsFederation of Karnataka Chambers of Commerce amp Indust ry has put the mechanism

in place to track the news concerning Karnatakarsquos Commerce amp Industry Information

is one of the most important instruments for the progress and development of

indust ry This column also facilitates to highlight the problems and issues concerning

the Karnatakarsquos Commerce amp Industry with focus for a possible remedial measures

FKCCI welcomes contributions to this column which will be suitable acknowledge

News

Since Global Investors Meet (GIM) 2010 where 389 projects

worth Rs392 lakh crore were cleared the actual investment1047298ow into Karnataka so far has been less than six per cent

According to 1047297gures given by Large and Medium Industries

Minister Murugesh R Nirani in the Legislative Assembly recentlywith regard to GIM 2010 only 40 projects with an investment

of Rs21178 crore have so far been implemented Also only24525 jobs have been generated as against the projected

employment of 73 lakh while 2218 acres of land have been

allotted as against the requirement of more than 77500 acresNirani gave the 1047297gures in reply to questions raised by T B

Jayachandra H C Mahadevappa Dinesh Gundu Rao RamalingaReddy and U T Khadar (all Congress) and Suresh Gowda (BJP)

GIM 2010 score

card Only 40 out of389 projects started

He said during GIM 2012 held in June this year Memorandumof Understanding (MoU) Expression of Interest (EoI) and

Registration of Interest (RoI) were entered into with 751

companies who have shown interest to invest about Rs72lakh crore The land required for 246 projects (751 companies)

cleared at GIM 2012 is 63569 acresldquoTimeline 1047297xed 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 projectsbeing implemented by the project proponentsrdquo Nirani revealed

Stating that the state government is continuously reviewingimplementation of proposals signed in GIM-2010 and GIM-

2012 the Minister said an online module is being developedto monitor and facilitate these projects According to him

expenditure for GIM-2010 was Rs3273 crore With regard to

GIM-2012 payment to the extent of Rs1631 crore has beenmade as of last month-end and bills for another Rs18 crore are

under scrutiny

P Jayaram Hande General Manager Karnataka Bank has

informed that the Bank has achieved two milestones in the1047297nancial year 2011- 2012 that is by having crossed the

Rs50000 crore turnover mark and reached a network of

over 500 branches He was speaking at a recent press meet toannounce the reappointment of P Jayaram Bhat as the Managing

Director and Chief Executive of1047297cer of the BankLater Bhat informed that Karnataka Bank has secured lsquoA1+rsquo

Karnataka Bankrsquos

turnover traverses

Rs 50000 Cr mark

7232019 Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

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gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

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PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

PAacutegAgravetUAgravefrac12UEacute gAgrave eEacute sectfrac14Agrave sup1PEacute AEligfrac14Agrave AumlicircordfAgrave yenAgraveaelig ordfEacute AumlAtildeAiAgrave AumlordfEacuteAtilde ordmEacuteZAgrave AumlNtilde JAsect GzEacuteAEligaringAtildeUAgravezAacutevAgravegAgrave Ccurrensup1PEacuteAiAgrave AumlAElig EgAgravesectordmAgrave AumlzAgrave AumlEAvAgraveordmAgrave cedilAgrave currenszligordfEacuteAtildeplusmnAgravezAgravedegegrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml gAacutedaringzAgrave PEacute EcircUAacutejPAacute PEacute eumlAtildevAgraveaeligzAgravedegegrave CzAgrave gAgraveregAEligegrave zEacute EcircraquoPAgrave yenAgravejplusmnAgrave aeligordfAgrave AumlzAgrave PEacuteregcedilAgrave s AgravezAgrave aeligvEacute ordfAgrave AumlAumlAvAacutezAgrave laquo sAacuteUAgrave zAgrave PEacuteregcedilAgraveUAgravefrac14Agravedegegrave ordmEacuteaNtildepoundAgrave cedilAgraveASEacute aringAiAgrave Aumldegegrave vAgraveordfAgrave AumlaumlpoundAgrave Aumlszlig vEacute AEligqAgraveVsup1PEacuteAEligArgAgrave AumlvAacuteUcircgEacuteCyethPAgrave Ccopyuuml ordfAgrave EgravecentTHORNAiAgrave Auml Claquo s Aacutedaring CAUAgraveordfAacutezAgrave ordfAgrave regcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave umlAacutej cedilAgraveordfAgrave iAacutedzAgrave PEacuteAUAgrave tAcirc UacuteUEacute UAgrave AumljAiAgrave iAacuteUAgraveAumlvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumljAzAgrave GzEacuteAEligaringAtildeUAgrave PAgravesup1zAgraveAumlPEacuteAEligfrac14Agrave AumlicircvAacuteUcircgEacute JAsect DyenAacutezAgrave poundEacuteAiAgraveAumlAElig CordfAgravegAgrave ordfEacute AumlAtildemacrEacute ordmEacute AEligjcedilAgrave AacuteUAgrave AumlvAgrave UcirczEacute EAvAgraveordmAgrave yenAgravejsup1UumlwAiAgraveAumldegegrave CordfAgravegAgrave CcedilAgrave ordmAacuteAiAgrave AumlPAgravevEacuteAiAgraveAumlpoundAgrave Aumlszlig yenAgravejUAgravetpoundEacuteUEacute vEacuteUEacutezAgrave AumlPEacute AEligfrac14Agrave icirc EacuteAtildePAacuteUAgrave AumlvAgrave UcirczEacute s AacutegAgravevAgravezAgraveAvAgraveordmAgrave sectEgraveordmAgrave viumlgAacuteμ Agrave OumlccedilzAgravedegegrave Jregegrave gAacutedaringUAgrave frac14Agrave Kfrac12UEacute cedilAgrave ordfAgrave AumlyenAgraveethPAgraveordfAacuteVregegraveCpoundEacuteAtildePAgrave gAacutedaringUAgrave frac14Agravedegegrave poundAgraveUAgravegAgraveyenAgrave aeligzEacuteAtildeplusmnAgraveUAgravefrac14EacuteAtilde EregegravecentgAgrave AumlordfAgraveAringzAgrave Aumlsup2PAgrave eumlt cedilEumlreg s AgravearingzAgrave PEacute AEliggAgravevEacutesectqAgravevAgravepoundAgrave raquoAtildeUEacute CpoundEacute AtildePAgravePAacutegAgravetUAgravefrac12AzAacuteV AiAgrave AumlAumlordfAgravePAgravejUEacutevAgraveordfAgraveAumlauml cedilAgrave eacuteAvAgrave HgAgrave AumlUAgravefrac14Agravedegegrave PEacute regcedilAgrave

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PEacute eumlAtildevAgraveaeligzAgravedegegrave ordfAgraveregsup1UAgravegAgrave Agrave PEacute AEligqAgrave AumlUEacute CyenAacutegAgrave zEacuteAtildeplusmnAgravezAgrave Jregegrave zAgraveeEacuteethAiAgrave Auml ordfAgraveiAacutepoundAgraveordfAgrave cedilAgraveAyenAgravepoundAgrave AEligaumlregzAgrave cedilAgrave zAgrave acircfrac14AgravePEacutenotAumlAzAgrave ErAtilde gAacuteμ Agrave OumlccedilordfAgrave Aring CcopyuumlordfAgrave EgravecentTHORN ordmEacute AEligAzAgrave AumlordfAgrave AringzAgrave Auml zEacuteAtildeplusmnAgravezAgrave Jregegrave s AacuteUAgraveUAgravefrac14Agrave gAacutedaringzAgrave Jregegrave fmacrEacute egraveUAgravefrac14Agrave AiAgrave AumlAumlordfAgravedpoundAgravevEacute PAgrave AEligr

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PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

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Estd 1916

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 27: Fkcci Sept 2012

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27

Estd 1916

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 arcfurnace specially designed for combined charging of hot metal

and direct-reduced iron The steelmaking plant is part of a newintegrated 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 1047297gure At the beginningof the year BMM Ispat had ordered a 1047298exible bar mill from

Siemens for the same production siteThe Karnataka based steel major is currently expanding its

production capacity at the Hospet site by two million tons peryear 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 tonnesa 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 metalThe electric arc furnace the ladle furnace the material

charging systems and other auxiliaries are being equipped witha 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 StaticVar Compensator (SVC)

Siemens received the order from BMM Ispat at the beginningof 2012 as part of their integrated steel plant project a 1047298exible

bar mill in Hospet with an annual capacity of 850000 tonnesBy the end of 2013 the mill will roll reinforcing steel round

bars 1047298at and square bars angles and sections The crude steel

for these products will be produced in the new electrical steelworks

rating for its certi1047297cate of deposit programme from ICRA thusindicating highest quality rating to short term instrument The

Bank has also bagged the lsquoSpecial award for managing IT risksrsquo

instituted by Institute for Development and Research in BankingTechnology (IDRBT) established by Reserve Bank of India

The total business of the bank stood at Rs52329 crore andnet pro1047297t of the bank went up to Rs246 crore as on 31 March

2012 with the support of a highly dedicated team of more than6000 employees over 112000 shareholders and 61 million

plus clientele baseAt 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 theservice outlets to 1000 by end of March 2013 (550 branches

and 450 ATMrsquos) ldquoThe ambition is to surpass business turnover ofRs100000 crore ie deposits of Rs63000 crore and advances

of Rs47000 crore by March 2015 by having a clientele base ofover 10 million through 1500 service outletsrdquo Hande revealed

7232019 Fkcci Sept 2012

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28

Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

gAgrave gAacutedaringUAgrave frac12AzAgrave sectgAgrave AumlordfAgrave PAacutelaquoAumlethPAgrave gAgravepoundAgrave AumlszligPEacuteregcedilAgravePEacute Igrave poundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave icircregAuml CpoundEacuteAtildePAgrave

PAacutegAgravetUAgravefrac12ordfEacute ordfEacute AEligzAgraveregpoundEacuteAiAgrave AumlzAacuteV cedilAgrave Uumlfrac12AtildeAiAgrave Auml

PAacutelaquoAumlethPAgravegAgrave Auml CpoundEacuteAtildePAgrave PAacutegAgravetUAgravefrac12AzAgrave PEacute regordfAgrave Aring ordfAgraveUAgraveethzAgrave plusmnAgrave aeliglaquoAumlPAgrave PEacuteregcedilAgraveUAgravefrac14AgravepoundAgraveAumlszlig currenordfAgraveethraquocedilAgraveregAuml DcedilAgravePAgraveUcircgAacuteVgAgrave AumlordfAgraveAringcentregegrave

PEacuteregordfEacute CcedilordfEacute Aumlauml ordmAgraveregordfAgrave Aring PEumlplusmnAgraveregaring s AgravejvAgrave GzEacute AEligaringAtildeUAgraveUAgravefrac12UEacutecedilAgrave Uumlfrac12AiAgrave AumlordfAacuteV PAacutelaquoAumlethPAgravegAgraveAuml reg s Agrave aringlaquogAgrave AumlordfAgrave Aringcentregegrave CAvAgraveordmAgravecedilAgraveAzAgrave s AgraveethUAgravefrac14Agravedegegrave CpoundEacuteAtildePAgrave PEacuteEcircUAacutejPAacute cedilAgrave AcedilEacute UumlUAgravefrac14AgraveAuml ordfAgraveregcedilEacute

PAacutelaquoAumlethPAgravejUEacute yenAacuteaeligplusmnAgrave AgraveUcirc aring currenAtilder CordfAgrave gAgravepoundAgraveAumlszlig PEacuteregcedilAgravePEacute IgravepoundEacuteAtildelaquoAumlsup1PEacute AEligfrac14Agrave AumlicircvAacuteUcircgEacute cedilAgraveUumlfrac12AtildeAiAgrave AumlgAgrave Auml PEumllAumlAcopyPAgrave

MnOumlpoundAgravedegegrave ordmEacuteAtildefrac14Agrave AumlordfAgrave AringzAacutezAgravegEacute AgravegEacuteAEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute Agrave Uumlfrac12AtildeAiAgraveAumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacuteAEligaringAtildeUAgravezAgravedegegraveyenAacuteaeligwcurrenzs Agrave aringvEacute laquoplusmnEacuteAtildeμ Agrave Dzs Agrave aringvEacute ordfAgrave AumlpoundAgrave szliguEacute AgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc EacuteAsectreg sup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave AgraveordfAgrave AumlAd Agrave ordfAgrave AumlvAgrave AumlUcirc CordfAgraveμ Agrave aringPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgravegAgrave PAgravepoundAgrave szligrUAgravegAgrave Auml zEacuteAtildeplusmnAgrave laquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAuml Agrave AumlwUcirczAacuteYacutegEacuteJAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml Aacutezs AgravearingordfEacuteAtilde ordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgrave AumlordfAgrave PAgravepoundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacute CordfAgravegAgravepoundAgrave AumlszligCdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgravewAiEacute AumlAtildepoundAgrave Auml DzAgrave YacutejAzAgrave AgraveordfAgrave AumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgrave Aumlszlig yenAgrave aeligxAgraveordfAgrave AumlDzAgrave aringvEacuteAiAgrave Auml ordfEacute AumlAtildegEacuteUEacute PAgravepoundAgraveszligrUAgravejUEacute ordfAgrave AumlvAgrave AumlUcirc Cregagrave CAplusmnAgrave ordfAgraveregsup1UAgravejUEacute currenAtildeqAgraveAumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave Auml

7232019 Fkcci Sept 2012

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29

Estd 1916

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cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

7232019 Fkcci Sept 2012

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 28: Fkcci Sept 2012

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Estd 1916

Labour Force

- Dgiuml sup2ordfAgravePAgrave AumlordfAgrave iAacutegiuml raquojAiAgrave Auml GyenAacutezs Agrave aringPAgrave eumlgAgraveAuml Jyens iumlPEacutesup1sup1L

ordfAgraveregcedilEacute PAacutelaquoAumlethPAgravegAgrave Auml MAzAgrave Auml aAvAgravepoundEacute

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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34

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Notification

7232019 Fkcci Sept 2012

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35

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

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38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

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Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 29: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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Estd 1916

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PAacutelaquoAumlethPAgravegAgravepoundAgrave Aumlszlig QAtildefrac14AacuteV poundEacute AEligAtildeqAgrave AumlordfAgrave AringzAgrave Auml s AacutegAgravewAtildeAiAgrave AumlvEacuteUEacutepoundAacuteordfAgrave Aring sectUEacuteAiAgraveAumlAumlordfAgrave zEacuteAEligaelig AtildeordmAgraveordfAacuteUAgrave AumlvAgrave UcirczEacute poundAacuteordfEacuteregegrave MAzAgraveAumlJAsect sAacuteordfEacute EcircPAgravearingvEacuteUEacute s AgraveAUAgrave vAgravegAgrave AumlvAgrave UcirczEacute PAacutelaquoAumlethPAgravegAgrave Auml vAgraveordfAgrave AumlaumlPAgrave AumllAumlAsectPEacute Igrave PAgravefrac14Agrave AumlraquocedilAgrave AumlordfAgrave DyethPAgrave poundEacute gAgraveordfAgrave Aring cedilAacuteordfAgrave iAacutefPAgraveCcopyuumlordfAgraveEgravecentTHORNAiAgrave Auml zs Eacute AEligaringAtildevAgravePAgrave CregegraveordfEacuteAtildeDzs AgraveAumlcurrenPAgrave laquozAgrave AumlaringpoundAacuteaumlpoundAgrave vAgraveAvAgrave aeligeAacuteOtildepoundAgravezAgrave poundEacute gAgravelaquocurrenAzAgrave PEacute regordfAgrave AringcedilAgraveordfAgrave iAacuted WAacutevAgrave AumlPAgrave plusmnAgrave QUcircUAgravefrac14AgraveAuml ordfAgraveregsup1UAgravejUEacute C s AgravezAgrave aeligvEacuteAiAgrave AumlpoundAgraveAumlszligGAlAumlordfAgrave iAacuter vAgraveordfAgrave Aumlauml HgAgrave AumlUAgravefrac12UEacute ordfAacuteyenAgrave AacuteUAgrave AumlordfAgravecedilAgravecurrenszligordfEacuteAtildeplusmnAgrave cedilAgrave Egraveparatimessup1gAgraveAumlordfAgrave AringzAgraveAuml SEacuteAtildezAgravezAgrave cedilAgrave AUAgravew EAvAgraveordmAgravevAgraveAvAgrave aeligUAgravefrac12UEacute PEacuteregordfAgrave Aring ordfAgraveregsup1UAgravegAgraveAuml NUEacute AEliglAumlOuml EacuteAUAgravefrac14AgraveAEliggAgravepoundAgraveAumlszligvEacute AEliggEacutecentgAgrave AumlordfAgrave Agrave ASEacute aring AgravetUacutecentgAgravesectordmAgrave AumlzAgraveAuml DzAgravegEacute AgraveordfAgrave AumlcedilEacutearingAiAgraveAumlDfrac14AgraveordfAgravepoundAgrave Aumlszlig cedilAgravePAacuteethgAgraveordfAgrave Aring CjvAgrave AumlPEacute AEligfrac14Agraveicirc EacuteAtildePAgraveAuml cedilAgravePAacuteethgAgraveordfAgrave AringordfAgraveregcedilEacute PAacutelaquoAumlethPAgrave jUEacute laquozAacutearingyethUAgravefrac12UEacute cedilAgrave AEligPAgrave Ucirc s AgravezAgraveaeligvEacuteMzAgraveVcedilAgrave EacuteAtildePAgrave Auml PAacutepoundAgraveAEligpoundAgraveAuml cedilAgrave AumlordfAgrave aringordfAgrave Eacute Uuml cedilAgravePAacuteethgAgraveUAgravefrac14Agrave

cedilAacuteordfAgrave iAacutefPAgrave dordfAacuteumlAacuteYacutej PAgrave AEligqAgravepoundEacutegEacute gAacuteμ AgraveOumlccedilUAgravefrac14AgravepoundAgrave Aumlszlig zAgrave AEligparacedilAgrave AumlordfAgraveAringzAgrave AumlPEacutereg JcediliumlJAJcediliumlgAgraveordfAacutecurrensup1zAgrave ordfAgrave aringQUcircUAgravefrac14AgravepoundAgrave Aumlszlig cedilEacutegEacuteraquorAiAgrave AumlAumlordfAgrave AringzAgravejAzAgrave cedilAgraveordfAgraveAumlcedilEacute aringyen Agrave j ordm Aacute g Agrave ordf Aacute U Agrave Auml ordf Agrave Aring cent reg egrave

PAgrave AEligregAPAgrave Aumlμ Agrave vAgravecurrenSEacutenotAumlAzAgrave CpoundEacute AtildePAgravecedilAgraveAUAgravewUAgravefrac14Agrave Auml ordmEacuteAEliggAgravecopyAtildefrac14AgravesectordmAgraveAumlzAgrave AumlMnOumlpoundAgravedegegrave ordmEacute Atildefrac14Agrave AumlordfAgraveAringzAacutezAgravegEacutecedilAgravegEacute AEligAtildefcurren ordfAgrave Aumlraquopara ordfAgravegAgravecentAiAgrave AumlAvEacute

cedilAgrave Uumlfrac12AtildeAiAgrave AumljUEacute PAgravepoundAgrave szligrUAgravejUEacute GzEacute AEligaringAtildeUAgravezAgravedegegrave yenAacuteaeligwcurrenzs AgravearingvEacutelaquoplusmnEacuteAtildeμ Agrave Dzs AgravearingvEacute ordfAgrave AumlpoundAgrave szliguEacute cedilAgraveordmAgravePAacutegAgrave ordfAgrave AumlvAgrave AumlUcirc Eacute Asectregsup1UAgrave EacuteAtildePAgrave Auml JpoundAgrave AumlszligordfAgrave AringzAgrave Auml CvAgrave aringAvAgrave cedilAgrave ordfAgrave AumlAdcedilAgrave ordfAgrave AumlvAgrave AumlUcircCordfAgraveμ AgravearingPAgravevEacute PAgrave AEligqAgrave DzAgravegEacute regPAacuteeumlAvAgrave gAgrave PAgrave poundAgraveszligrUAgravegAgrave Auml zEacuteAtildeplusmnAgravelaquozEacuteAtildeplusmnAgraveUAgravefrac14Agravedegegrave ordfAgraveregsup1UAgravegAacuteV PAgravevAgraveethordfAgrave aring curren s AacutenotAumlcedilAgrave AumlwUcirczAacuteYacutegEacute

JAsectAumlzAgravepoundAgrave Aumlszlig poundAacuteordfAgrave Aring ordfAgrave AumlgEacuteAiAgrave AumlregAuml cedilAacutezs Agrave aringordfEacuteAtildeordfAgrave AumlAumlA Eacute EcircpoundAgravedegegrave poundEacute Eacutesup1gAgraveAumlordfAgrave PAgrave poundAgrave szligrUAgravejUEacute CpoundAacutearingAiAgraveAumlordfAacutezAgravegEacuteCordfAgravegAgravepoundAgraveAumlszlig CdegegraveAiAgrave Auml dpoundAgravevEacute ordmEacute AEliggAgravezAgravecopyacirczAgravegEacute UAgrave wAiEacute AumlAtildepoundAgrave AumlDzAgrave YacutejAzAgrave cedilAgraveordfAgraveAumlvEacute AEligAtildedegvAgrave GzEacute AEligaringAtildeUAacuteordfAgravePAacuteplusmnAgraveordfAgravepoundAgraveAumlszligyenAgrave aeligxAgraveordfAgrave Auml DzAgrave aringvEacuteAiAgrave Auml ordfEacuteAumlAtildegEacuteUEacute PAgrave poundAgrave szligrUAgravejUEacute ordfAgraveAumlvAgrave AumlUcirc CregagraveCAplusmnAgrave ordfAgrave regsup1UAgravejUEacute currenAtildeqAgrave AumlordfAgrave AringzAgravegAgravedegegrave vAgraveyenEacute agraveAtildepoundAgrave AumlCdegegraveAiAgrave AumlordfAgravegEacuteUEacute Jregegrave s AacutegAgravewAtildeAiAgrave AumljUAgrave AElig PAgravepoundAgrave szligrUAgravegAgraveordfAgravewnotAumlAzAgrave lsquocedilAgrave AumlcedilAacuteeacuteUAgravevAgraversquoordfAgravepoundAgrave Aumlszlig PEacute AEligAtildegEacute AEligAtildetordfEacuteAtildeCordfAgravegAgrave AElig poundAgraveordfAgrave AumlaumlordfAgravegEacuteAtilde

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Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

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31

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Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

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Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

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Notification

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

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39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 30: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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30

Estd 1916

Mr S Ejaz Ahmed SaitChairman Civic Affairs amp

Infrastructure Committees

of FKCCI has been assigned

as the Director Marketing of

HIST INDIA (P) Ltd for their

Indian Operations

FKCCI is happy to announce that

Dr AS 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) KP NageshMember of the Managing

Committee of FKCCI has

been re-elected as President

of Karnataka Security

Services Association for the

term 2012-14

Congratulations

7232019 Fkcci Sept 2012

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31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3240

32

Estd 1916

Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

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33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

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34

Estd 1916

Notification

7232019 Fkcci Sept 2012

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35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

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36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

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37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 31: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3140

31

Estd 1916

Events

UPCOMING BUSINESS EVENTSBelow 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

Date 03 - 04 Sep 2012

Venue Oberoi Hotel Kolkata India

Organised by Steel Times International

Contact Tel 44-1737-855012

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 plantoperations Steel plant operations

Environment management Pollution

control Financial institutions and all

others connected with the steel industry

Metallurgy and materials engineering

academics

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

Event Kolkata Auto Expo

Date 06 - 09 Sep 2012

Venue Milan Mela Complex Kolkata India

Organised by R Creation Kolkata

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

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 Of fice Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by The Institution Of Engineers India Delhi

State Center

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

Highlights Hi-Tech Of fice Expo Chandigarh will

display the products of the leading

companies There will be Of fice Furniture

Systems Workstations Panels Call

Centers Other Ergonomic and ModularSystems 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

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3240

32

Estd 1916

Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3340

33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3440

34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 32: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3240

32

Estd 1916

Event India International Pumps Valves amp

Compressor Expo Chandigarh

Date 07 - 09 Sep 2012

Venue Parade Ground Chandigarh India

Organised by Paramount Exhibitors

Contact Tel +91-172-2274801

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

Event Automation Mumbai

Date 07 - 10 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by I E D Communications Limited

Contact Tel +(91)-(22)-2207956722073370

Highlights Automation India is one of the most

comprehensive automation technology

industry related trade shows in India The

event is held at Mumbai and providesample 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 themost 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

Event Electronica India amp Productronica India

Date 11 - 13 Sep 2012Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights 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 inthe highly topical business conference

sessions that are organized here

Event Automotive Electronics

Date 11 - 13 Sep 2012

Venue Bangalore International Exhibition

Centre (BIEC) Bengaluru India

Organised by MMI India Pvt Ltd

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

Highlights The exhibitors of Automotive Electronics

will exhibit the latest products andservices 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 EquipmentComponents and Accessories Launching

Facilities providers IT for Space Space

Agencies Security Systems related

to Space Communication amp Telecom

Systems related to Space Space

Ground Support System Providers

Creative Industries Surveillance

Equipment Satellites Space Research

amp Development Automation for Space

Government Departments in Space

Technology

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3340

33

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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3440

34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 33: Fkcci Sept 2012

7232019 Fkcci Sept 2012

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33

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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 amp labeling

equipments Safety amp security

equipments Automated machines

Industrial automobiles Heavy machines

amp equipments Industrial consumables

Green Technologies amp services Others

related to focus sectors Service

providers of Industrial MaintenanceSupport (Housekeeping Security

Canteen etc) IT Financial Credit rating

Consulting Educational amp Research

Institutions

Event China Sourcing Fair Electronics amp

ComponentsHardware amp Building

MaterialsBathroom Products-Mumbai

Date 20 - 22 Sep 2012

Venue Bombay Exhibition Center (BEC)

Mumbai Maharashtra India

Organised by Pico Event Management

Contact Tel +(65)-(6)-29401002905962

Highlights As the largest exhibition featuring

China-made products in India the

China Sourcing Fairs offers exhibitors

a perfect platform to meet face-to-

face with quality buyers from India and

neighboring countries Back to serve

buyers in India and neighboring markets

the China Sourcing Fairs Electronics

amp Components Hardware amp Building

Materials and Bathroom Products

returns to the Bombay Exhibition Centreon September 20 to 22 2012 The Fair

marks its fifth edition in Indiarsquos 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 Chinarsquos

experienced suppliers in Mumbai

Inauguration of Circuit

Bench at ChennaiThe Circuit Bench of Appellate Tribunal for Electricity NewDelhi was inaugurated at Chennai on 16th August 2012 by HE

The Governor of Tamil Nadu Dr K Rosaiah The programme was

held at The Music Academy (Mini Hall) TTK Road RoyapettahChennai

Thiru Justice M Karpaga Vinayagam Honrsquoble ChairpersonAppellate Tribunal for Electricity New Delhi presided over the

function Honrsquoble Sri Rakesh Nath Member (Technical) AppellateTribunal for Electricity New Delhi welcomed the gathering

Felicitation Addresses was delivered by Sri ARaghotham Rao

Chairman Andhra Pradesh Electricity Regulatory CommissionSri KJ Mathew Chairman Kerala State Electricity Regulatory

Commission Sri MR Sreenivasa Murthy Chairman KarnatakaElectricity Regulatory Commission and Sri K Venugopal

Member Tamil Nadu Electricity Regulatory Commission

In his inaugural address HE Dr K Rosaiah congratulated theinitiatives taken by the Appellate Tribunal for Electricity New

Delhi for establishing the Circuit Bench in Chennai KolkataMumbai 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 aboutuniformity in this sector

In his presidential address Thiru Justice M Karpaga Vinayagammade a mention of the efforts put in by Karnataka and in

particular FKCCI in getting the Circuit Bench establishedat Chennai He lauded the efforts in persuading the Honrsquoble

Union Minister Dr M Veerappa Moily in establishing CircuitBench either in Bangalore or Chennai He also explained thefunctioning of the Appellate Tribunal for Electricity and said that

regulatory system is made more meaningful and has helped theSouthern States to get justice at their door step

FKCCI was represented by Sri MG Prabhakar Chairman

Energy Committee and Sri S Rajashekar Secretary GeneralIn Charge FKCCI The 1047297rst 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 Of fice Bearers

were elected to the Executive Committee of

All India Granites amp Stone Association for the term 2012-2014

Sri JB Surana

President

Sri S Krishna Prasad

General Secretary

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3440

34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 34: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3440

34

Estd 1916

Notification

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 35: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3540

35

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Manufacturing Activity

1 Ms Glue Farm (India) Pvt Ltd

No 16 5th Main Road Chikka Adugodi

Thavarekere Main Road

Bangalore-560029 Tel 25504889

Mob 9916908001 janagluefarmin

Manufacture

Small

Ordinary

Mr Janardhana Reddy

Mr Rajeshwari M

2 Ms Hygiya Products Pvt Ltd

No11 2nd Floor 14th lsquoArsquo MainBehind Alliance College N S Palya

B T M 2nd Stage Bangalore-560076

Tel 26684676 Mob 8884001261

rajanyahoocom

Manufacture

SmallOrdinary

Mr K R Rajan

3 Ms Indoflex Rubber

No 47 Banaswadi Road

Maruti Seva Nagar Opp Mukunda Theatre

Bangalore-560033 Tel 41121866

Mob 9845101018 infoindoflexin

Manufacture

Small

Ordinary

Mr Mohammed Anwar

Mr Waseem Anwar

4 Ms Pragati Biocare Pvt Ltd

No 55 amp 56 J C Industrial Area

Near Vinayaka Temple Yalachenahalli

Bangalore-560062 Tel 26860519Mob 8880777168 infobionovacoin

Manufacture

Small

Ordinary

Mr Sudhir Jain

Mrs Amrita Tripathi

5 Ms Richcore Lifesciences Pvt Ltd

Plot No 204 amp 237 Bommasandra

Jigani Link Road KIADB Indl Area

Bangalore Rural District

Bangalore-560105

Manufacture

Small

Ordinary

Mr Subramani

Ramachandrappa

Mr Krishna Kalyan T D

6 Ms Tejkamal Pharmaceuticals (P) Ltd

Survey No 62 Aladahalli Village

Somapura Hobli Nelamangala Taluk

Bangalore Rural-562111

Manufacture

Small

Ordinary

Mr Vipin Kumar

MediumLarge Scale Manufacturing Activity

7 Ms Closure Systems International (I) Pvt Ltd

Survey Number 35 amp 36 Soukya RoadKacherkanahalli Hosakote Taluk

(Bangalore Rural)

Bangalore-560067

Tel No 30943500 Mob 9591992922

sunilsharmaesiclosurescom

Manufacture

LargeOrdinary

Mr Sunil Sharma

Mr Ganesh Shetty

8 Ms Kalyani Gerdau Steels Ltd

304305 World Trade Centre Bangalore

Brigade Gateway Complex

261 Dr Rajkumar Road (West)

Malleshwaram Bangalore-560055

Tel 30262205

devassykuttykalyanigerdaucom

Manufacture

Large

Ordinary

Mr Arvind Swarup Mathur

Mr R Visweswaran

Mr A Mukherjee

Applications received towards Ordinary amp Patron

Membership for the month of July amp August 2012

Membership

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 36: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3640

36

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

MediumLarge Scale Manufacturing Activity

9 Ms Sidhi Vinayaka Fab Engineering Pvt Ltd

No 206 11th Main 3rd Phase

Peenya Industrial Area

Bangalore-560058 Tel No 28390891

Mob 9845583969 sveairtelmailin

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 ugetamcgmailcom

Manufacture

Large

Ordinary

Mr Reddy Bhaskar

Mr Karunakar Reddy

Mr Visweswara Reddy

Small Scale Trading Ac tivit y

11 Ms Andanur Shivalingappa amp Co

No 29951 7th Main 4th Cross

M C C ldquoBrdquo Block Davangere-577004

Tel 08192-220173 Mob 9448666538

andanurmuppannagmailcom

Trade

Small

Ordinary

Mr Andanur Muppanna

12 Ms Ashwini Traders

551 10th Cross BDA Land

APMC Yard Yeswanthpur

Bangalore-560022 Tel 22874866

Mob 9845468000

shahbharathgmailcom

Trade

Small

Ordinary

Mr Bharath Kumar R Shah

Mr Suryakant R Shah

13 Bangalore Industrial Trading Company

Unit 209210 2nd Floor Tulsi Chambers

No 12 K H Road Shanthi Nagar

Bangalore-560027 Tel 22113726Mob 9591008873 bitcoblrgmailcom

Trade

Small

Ordinary

Mr Sadatulla Syed

Mr Amr Syed

14 Ms Imran Enterprises

No 321 B O K Road

Bangalore-560002 Tel 41243988

imranenterprisesgmailcom

Trade

Small

Ordinary

Mr Aslam Pasha

Mr Irfan Pasha

15 Ms Maxil International Trading amp

Marketing Private Ltd

No 45 Millerrsquos Road Opp Konica Photo

Studio Gangappa Complex

Ground Floor Vasanth Nagar

Bangalore-560052 Tel 40977260

Mob 9964009335

maxilmaxilinternationalcom

Trade

Small

Ordinary

Mr Sarfraz Abbas M

16 Ms Rama Wood Works

No 262 Seppings Road

Shivaji Nagar

Bangalore-560001 Tel 25572329

Mob 9740092927

Trade

Small

Ordinary

Mr V Shivaram

17 Ms 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

rrsurgicalsgmailcom

Trade

Small

Ordinary

Mr Atul S Gala

Mrs Rita A Gala

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 37: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3740

37

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Trading Ac tivit y18 Ms Sri Balaji Power Systems

34-141 4th Cross N R Road

(Kumbargundi Road) Kalasipalyam

New Extn Near S J P Police Station

Bangalore-560002 Tel 22103455 88

Mob 9845067745

balajigensentrediffmailcom

Trade

Small

Ordinary

Mr J R Balakrishna

Mr Usha Rani

19 Ms Suvarna Hybrid Seeds (P) Ltd

No 173 NHIG-B KHB 3rd Block

5th Stage Yelahanka New Town

Bangalore-560064 Tel 32987062

Mob 9341231422

suvarnahgsgmailcom

Trade

Small

Ordinary

Mr N V Patil

Small Scale Service Acti vity

20 Ms Wise I Pens

Apoorva Renewable Energy Products

Apoorva Castle 8th Main

4th Cross Sapthagiri Layout

Vidyaranyapura Bangalore - 560097

Tel No 41636595 Mob 9739203003

surbuild2001yahoocoin

Service

Small

Ordinary

Mr A V Suresh Babu

Mr A S kuldeep

21 Ms EDC Creative Technology Solutions Pvt Ltd

EDC Conlave Jeevith Gardens

Off ITPL Road Besides Brookefields

Bangalore - 560 037

Tel 28542070 Mob 9663371962

anandraghavedcindiacom

Service

Small

Ordinary

Mr Ravi Kumar R

Mr R Sasi Kumar

22 Ms Hiremap IT Consultants

No 11 GD Street Opp Golden

Nest Apartment Behind

Anugraha Texlites Adugodi

Bangalore - 560 030

Mob 953831957

bharathivhiremapitconsultantscom

Service

Small

Ordinary

Mrs Bharathi V

23 Ms Kognsance Management

Consulting Pvt Ltd

No 183 1 Main C I L Layout

R T Nagar Bangalore - 560 032

Mob 9611347751

contactuskognosancecom

Service

Small

Ordinary

Mr Karthik

Mrs Swetha Rao

24 Ms Locus IT Services Pvt Ltd

No 3233 East Park Road

18th Cross Malleshwaram

Bangalore - 560 055 Tel 23366912

rohithklocusitcom 9980877311

Service

Small

Ordinary

Mr Rohith K P

25 Ms Maverik Facility Mangement Pvt Ltd

No 19 amp 20 Lakshmi Sadan

Lind Cross 1st Floor

Nehru Nagar Seshadripuram

Bangalore - 560 020

Tel 23466199 Mob 9845075838 7353307227

infomfmcoin nagarajmfmcoin

Service

Small

Ordinary

Mr Nagaraj K B

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 38: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3840

38

Estd 1916

Sl

NoName amp Address Category Membership Name of the Representative

Small Scale Service Acti vity26 Ms Naidruva Associates

No 14 2nd Floor H B Samaja Link Road

Gandhi Bazar Bangalore - 560 004

Mob 9844476679 naidruvagmailcom

Service

Small

Ordinary

Mr Sheshadri

27 Ms Toqsoft Technologies

No 955 14th Cross 8th Main

Lakkasandra Extension Wilson Garden

Bangalore - 560 030 Tel 41497179

Mob 9343715466 tanveertoqsoftcom

Service

Small

Ordinary

Mr Tanveer Ahmad

Mr Ashif Ahmad

28 Ms Trans Trades

No 201 Krishna 8311 Sundher Residency

Ramarao Layout Kathriguppe Banashankari

3rd Stage Bangalore - 560 085 Tel 26798314Mob 9845698426 biztranstradescom

Service

Small

Ordinary

Mr Prasad Krishna Murthy

Mrs Geetha Alur

Small Scale Service Activity Patron

29 Ms Sri Venkateshwara Engg Works

No 23 Tank Bund Road Near Minerva Circle

Bangalore-02 Tel 26708344 Mob 9844067038

hiresrivenkateshwarageneratorscom

Service

Small

Patron

Mr C V Jayaram

Mr C V Somshekar

Service Large Ordinary

30 Ms Ramanashree Shopping Arcade Pvt Ltd

No 161 Ramanashree House Raja Ram Mohan

Ray Road Bangalore - 560 025 Tel 41350000

Mob 9880035250 reserveramanashreecom

Service

Large

Ordinary

Mr Veerendra Shadakshari

Mr S Shadakshari

Service Large Patron

31 Ms Renaissance Holdings amp Development Pvt Ltd

No 50 17th Cross 8th Main

Malleswaram Bangalore - 560 055

Tel 42417000 Mob 9845195980

arunrenaissanceholdingscom

manjularenaissanceholdingscom

Service

Large

Patron

Smt Sharada Ramanj

Mr V Sudhama

Mr K Arun

32 Ms Royal Orchid Hotels Ltd

No 1 Golf Avenue Djoining KGA Golf Course

Old Airport Road Bangalore - 560 008

Tel 40612345 Mob 9902000098

cosecroyalorchidhotelscom

Service

Large

Patron

Mr C K Baljee

Mr Shekhar Bhargava

Mr Arvind Razdan

Profession

33 Ms Guru amp AssociatesShop No 5 amp 6 Dev Complex

1st Floor Kalamma Street Bellary - 583101

Tel 08392-274876 Mob 9448074876

guru_gs321yahoocoin

ProfessionOrdinary Mr B C Guru Swamy

34 Ms Lawnest

ldquoAdityardquo 561 1st Floor 4th Cross Link Road

Malleshwaram Bangalore-560 003 Tel 41141944

Mob 9535119189 vidyavakilgmailcom

Profession

Ordinary

Mrs Vidhya Nuti

Mr Raghavendra S

35 Ms Pundarikaksha amp Company

No 2357 41st Cross 2nd Floor

East End lsquoCrsquo Main Road 9th Block

Jayanagar Bangalore-560069

Profession

Patron

Mr Pundarikaksha

Mr Harsha K M

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 39: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 3940

39

Estd 1916

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4

Page 40: Fkcci Sept 2012

7232019 Fkcci Sept 2012

httpslidepdfcomreaderfullfkcci-sept-2012 4040

Estd 1916

Registered

KARBA L No6745997 (Regn No CPMGKABGS-343(2012-14) Posted at Mail Bu siness Centre Bang alore GPO Bangalor e - 560 001 on 5th o f every mont h Rs 20 Pages 36+4