6 months ago
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The CII Mysuru Annual Finance Conclave 2025, held connected Wednesday, stressed Karnataka’s changing fiscal landscape, with manufacture leaders pointing retired that competitiveness present depends connected embracing integer finance, AI-led transformation, and liable governance.
Rabindra Srikantan, chairman, CII, Karnataka State Council, said the translation of concern is nary longer astir process ratio alone; it is astir strategical partnership, real-time insights, intelligent forecasting, and data-driven worth creation. ‘’AI and integer tools are accelerating this shift, reshaping forecasting, hazard modelling, compliance, and determination quality crossed organisations,” helium added.
As India advances toward its $7-trillion economical goal, regions similar Mysuru indispensable align with nationalist momentum by adopting intelligent automation, strengthening fiscal integrity, and leveraging real-time information for forecasting, compliance, and decision-making, said Mr.Srikantan.
Delivering the inaugural address, Principal Commissioner of GST & Customs (Mysuru) P.V.N. Suresh Babu said India’s fiscal strategy was undergoing a cardinal translation driven by technology, information and regulatory reforms.
‘’Themes specified arsenic innovation, integrity, and intelligent translation present specify however finance, industry, and nationalist medication indispensable collaborate successful a transparent and digitally enabled economy,” helium added..
Tracing GST’s travel since 2017, Mr. Babu described it arsenic 1 of India’s astir consequential reforms, creating a unified nationalist marketplace and reducing carnal interface done integer platforms, analytics, and risk-based systems. GST 2.0, helium noted, aims to further simplify procedures and little compliance costs, peculiarly for MSMEs and start-ups.
K.R. Sekar, partner, Deloitte, delivered the keynote code and countered fears that AI and automation volition pb to occupation losses. Drawing parallels with the anxieties of the 1980s astir computerisation, helium said technological shifts yet make much jobs by elevating skills and expanding opportunities.
Efficiency gains successful functions specified arsenic claims processing, helium added, person been accompanied by systematic reskilling and question of unit into mid- and senior-level roles. He urged students, parents, and policymakers to look beyond constrictive exertion streams and research opportunities crossed mechanical, civil, electronics, manufacturing, information analytics and drone technologies.
Sam Cherian, convenor, CII Karnataka MSME panel, Nagaraja Gargeshwari, chairman, CII Mysuru, and others were present.
