Industry body BCIC welcomes K'taka budget, calls it growth oriented

Bengaluru: The Bangalore Chamber of Industry and Commerce on Saturday welcomed the Karnataka Budget 2026-27, recognising its balanced approach towards fostering economic growth, supporting MSMEs, and enhancing infrastructure development.

K Ravi, Senior Vice President, BCIC and Chairman, International Business Committee. appreciated the government's commitment to strengthening the Micro, Small, and Medium Enterprises (MSMEs) sector through targeted financial incentives, skill development programs, and ease of doing business reforms.

"These measures are expected to boost manufacturing capabilities and create significant employment opportunities across the state," he said, in a statement.

According to him, the budget's focus on infrastructure, including investments in road connectivity, urban development, and industrial parks, tourism and hospitality aligns with BCIC's vision of a robust industrial ecosystem that supports sustainable growth and competitiveness.

BCIC also applauded the emphasis on IT, AI, technology and innovation, which it said will drive Karnataka's position as a leading hub for startups and digital economy initiatives.

While the budget presents ambitious welfare schemes and agricultural support, BCIC said it encourages continued dialogue between industry stakeholders and the government to ensure effective implementation and maximise impact.

BCIC further said that it remains committed to collaborating with the government to facilitate a conducive business environment that promotes investment, innovation, and inclusive growth in Karnataka.