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Karnataka MSMEs demand changes in Land Reforms Act for affordable industrial plots

Updated: Jul 28, 2023 04:52:46pm

Karnataka MSMEs demand changes in Land Reforms Act for affordable industrial plots

Bengaluru, July 28 (KNN) Karnataka Small Scale Industries Association (KASSIA) has urged Sharanbasappa Darshanapur, Minister of Small Scale Industries to make appropriate amendments in the Land Reforms Act and give KSSIDC the authority to acquire land so that plots are provided at affordable prices.

CA Sashidhara Shetty, President, KASSIA led delegation met the Minister submitting a slew of suggestions and recommendations from the small-scale industries.


During the visit, it was discussed to find solutions to the problems faced by the small scale industries across the state. The minister promised to resolve the issues.

The delegation also raised the topic of upgradation of infrastructure of Karnataka Industrial Areas Development Board (KIADB) and Karnataka State Small Industries Development Corporation (KSSIDC) Industrial Areas/Colonies.

Despite lack of infrastructural facilities in these areas businesses pay a fair amount of property tax. To find solution to this problem, the MSME body has requested the Minister to earmark 40% of the tax revenue collected from such areas for infrastructure development there.

With regard to stamp duty (fee) on loans, Shetty pointed out that the fee is very high compared to other states.

“Fixing a maximum limit of 50,000/- will help micro and small industries in a greater way,” he opined.

KASSIA has also called upon the state government to deter the electricity rate hike as many MSMEs are forced to shut down their operations due to it.

M. G. Rajagopal, Vice President, S. Nagaraju, Honorary General Secretaries, Shreyans Kumar Jain, Joint Secretaries, and Mallesh Gowda H. K., Treasurers from KASSIA were also present.  (KNN Bureau)


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