CII Karnataka to drive sustainable, competitive and inclusive growth through focused initiatives for 2024-25

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Bengaluru, 4th July 2024 – The Confederation of Indian Industry (CII) Karnataka today reaffirmed its focus on Growth, Inclusiveness, Sustainability, Globalization, and Building Trust. Emphasizing policy collaboration with the government, the initiative will target technology and innovation, ESG, energy, MSMEs, industry collaboration, leadership, and emerging sectors, particularly in CII Zones (Tier II cities). The announcement was made at a press briefing held by the elected leaders for CII Karnataka State 2024-25, Mr N Venu, Chairman of CII Karnataka & MD & CEO – India & South Asia, Hitachi Energy, and Mr Rabindra Srikantan, Vice Chairman of CII Karnataka & Founder and Managing Director of ASM Technologies Ltd.

CII Karnataka

CII Karnataka will be taking forward the initiatives for the year 2024-25 aligned to the theme “Globally Competitive Karnataka – Partnerships for Sustainable and Inclusive Growth”. The focus will be on policy advocacy, thought leadership, inclusiveness, ecosystem competitiveness, growth, sustainability, global linkages, and international partnerships. Collaborating closely with the government, CII Karnataka aims to create an enabling environment for businesses to thrive. Key areas include technology and innovation, clean and alternative energy, GCC, MSME growth, and emerging sectors such as semiconductors, solar and mobile phones (electronic). The “Beyond Bengaluru” initiative will empower Tier-2 and Tier-3 cities, improving ease of doing business, skilling programs, and energy efficiency. Through strategic collaborations with stakeholders, academia, startups, and international consulates, CII Karnataka is committed to fostering a vibrant, sustainable, and globally competitive state.

Mr N Venu, Chairman CII Karnataka & MD & CEO – India & South Asia, Hitachi Energy said “As part of our agenda for this year, CII will continue to work closely with the policy makers on ease of doing business and sectoral policies. With a focus on promoting clean energy and alternative fuels, strengthening competitiveness of MSMEs, building stronger industry – academia and industry – startup connects to drive industrial growth both in and beyond Bengaluru.

We are committed to embracing advanced technologies and fostering innovation, which will be fundamental to our efforts of supporting industry 4.0 transformation. Our goal is to strengthen Karnataka’s position as the hub for cutting-edge research, development, and implementation. By collaborating with stakeholders and leveraging technology, we believe we can make remarkable progress.

India has set a goal to achieve net zero emissions by 2070 and meet 50% of its energy requirement through renewables by 2030. Recognizing the importance of ESG (Environmental, Social, and Governance) factors, there will be a continued emphasis on energy efficiency and renewable energy adoption. The energy transition presents a significant opportunity for businesses engaged in generation, transmission, distribution, or consumption.” he added

Mr Rabindra Srikantan, Vice Chairman of CII Karnataka and Founder and Managing Director, ASM Technologies Ltd., added, CII Karnataka’s commitment to growth aligns with the aspirations of the state. Our vision is to create a vibrant, sustainable Karnataka. Micro, Small, & Medium Enterprises (MSMEs) play a vital role in Karnataka’s economic landscape. It is crucial to support industry through services that drive competitiveness, sustainability and transformation, build business connects and linkages to growth through partnerships.

Emerging sectors such as aerospace, electric mobility, healthcare, and agri-tech hold immense potential for growth and job creation. Karnataka makes a significant contribution to the country’s GDP; however, the majority of the growth in Karnataka comes from Bengaluru. The ‘Beyond Bengaluru’ initiative intends to empower Tier 2 and 3 cities across Karnataka to allow them to meaningfully contribute to the economic growth in Karnataka.

CII also reiterated its commitment to strengthen the relationship between industry and academia to prepare young people with the necessary skills for the future workforce and business environment. CII will also proactively engage with various stakeholders, including international consulates, to seek out business opportunities, promote job preparedness through focused programmes and cross learning initiatives for both faculty and students, and strengthen entrepreneurship and leadership development through targeted initiatives such as the CII Indian Women Network and CII Young Indians.