Stakeholders in the industrial and manufacturing sectors in Mysuru have urged the Karnataka Government to reduce property tax on industrial sites to make the enterprises sustainable.
Members of the Mysore Industries’ Association (MIA) and similar organisations have also stated that this will be a positive step towards ease of doing business, and improving industrial and investment climate in the region.
It was pointed out that Hootagalli City Municipal Council, which was constituted last year and includes the major industrial areas of Mysuru, has promulgated a tax rate that is reckoned to be the highest in Karnataka.