The Confederation of Indian Industry (CII), Mysore Zone, had organised its Annual Members Day function and a session on Entrepreneurship: Nurturing MSMEs’ at Hotel Silent Shores in city yesterday.

CII Chairman L. Krishnan, speaking on the occasion, suggested the State govt. to create a Mumbai-model infrastructure for Micro, Small & Medium Enterprises (MSMEs) in the State as they cannot afford the cost of land required to set up industries.

He said that the MSMEs cannot afford the land value in a city like Bangalore. “MSMEs had to pay Rs. 1.80 crore to 2 crore for 1 acre near Devanahalli International Airport. Therefore, the government should create infrastructure like multi-storeyed buildings for MSMEs for a fixed period on lease basis,” he said.

On lack of connectivity to Mysore, Krishnan said that the government should also look into the idea of developing an industrial corridor between Bangalore and Mysore or development of a triangular industrial area comprising three cities — Bangalore, Tumkur and Mysore.

Expediting NICE road works will be a big relief to the industrialists of Mysore and it would encourage new industrialists to Mysore, he said. Triton Valves Ltd. MD Aditya M. Gokarn said that business owners must experientially attempt to understand globalisation as it has flattened the world and created limitless opportunity for entrepreneurship.

Courtesy : Star Of Mysore