Monitor all GIM investment proposals: BCIC

The Bangalore Chamber of Industry and Commerce (BCIC) has called for setting up a high-powered Working Committee to monitor the speedy implementation of investment proposals signed at the recently concluded Global Investors’ Meet (GIM 2012).

“We have proposed to the State government to set up the committee consisting senior government officials and industry representatives to monitor the implementation of projects. We have told the government to create more transparency in the implementation of investment proposals,” Vinod Nowal, President, BCIC told reporters.

The state government signed investment proposals worth Rs 7.6 lakh crore at the GIM 2012. “We expect at least proposals worth Rs 1 lakh to Rs 1.5 lakh would materialise in the coming days. However, there is a need to ensure better coordination between government departments and industry in realising these investment proposals,” Nowal said.

 

Commenting on the lack of information on the MoUs signed at the GIM, he said the BCIC has submitted a memorandum to the government asking for more clarity on the proposals signed. It has asked the government to strengthen the Single Window system for clearing investment proposals and ensure faster land acquisition. “Though the government claims that the Single Window system would work efficiently, the industry does not see any such efficiency,” Nowal added.

M Lakshminarayan, President-elect of BCIC, said the chamber is working on skill development with the government. It would soon submit a study report to the government on skill gap in the aerospace industry.

“We have taken up the task of identifying the skill gap in the aerospace sector in the country. Presently, we are studying the industry’s requirements jointly with the Society of Indian Aerospace Technologies and Industries (SIATI).

The study team would identify skill gaps in the sector, the jobs available for the youngsters and how to train students, among others.