The Federation of Karnataka Chambers of Commerce & Industry (FKCCI) in association with the Department of Industries & Commerce, Department of Infrastructure Development (Govt. of Karnataka), NRI Forum, Karnataka and Coastal Development Authority had organized a “Coastal Business Development Summit” at Sri. T. V Ramana Pai Convention Centre on January 4th & 5th 2012 respectively. The function was inaugurated by Dr. M. Veerappa Moily, Hon’ble Union Minister – Corporate Affairs, Govt. of India and presided by Mr. D. V. Sadananda Gowda, Hon’ble Chief Minister of Karnataka.
The Coastal Region Development Committee was formed for the first time in the FKCCI, to look after the interest of the Commerce, Industries & Trade in the region and contribute for the overall Economic Development of the region.
Dr. V. Ravichandran was the Chairperson and he also delivered a talk on “IT, BT and Knowledge based Sectors in the coastal region”. During his talk he mentioned about the success story of GlowTouch Technologies/Diya Systems in Mangalore.
This summit was organized to showcase the potential of the region for investment & development and to motivate the existing enterprise and also to attract investors and new entrepreneurs to the coastal districts. Infrastructure, Tourism, Connectivity and Financial Services were the main topics of discussion for the summit.