New Trade Body formed to take care of southern states' needs

Mangalore, Mar 26 (UNI) The Confederation of South India Chamber of Commerce and Trade Body was formed here today with the main objective of providing a common platform to redress the problems faced by traders in the Southern states.

The Confederation was formed at the meeting of representatives from Chambers of Commerce and Trading bodies from the Southern states, organised by the Kanara Chamber of Commerce and Industry (KCCI).

Speaking after the formation of the Confederation, its Founder President S Babu said the new body would address several problems faced by the traders in Karnataka, Kerala, Tamil Nadu, Pondicherry, Andhra Pradesh and Goa from various departments both at the Central and state level. It would also make collective efforts against the taxation policy of the government.

He called upon all state chapters of the Commerce and Industry to fight for the cause of trading community, besides the Confederation fighting for a common cause.

The Confederation would come into existence from April one and its first general meeting would be convened within 60 days from then.

Mr Babu, also Federation of Karnataka Chamber of Commerce and Industry President, said the next meeting of the Confederation would be held in Bangalore in June.

UNI MA RG GM1925