What is in news : An unprecedented spike in container costs by seven times, from around ₹1.5 lakh to ₹11 lakh, is threatening to put a spanner in the works just as global trade is gathering steam. The government has to act immediately before this spike in tariff begins to hurt the economy, according to Karnataka Small Scale Industries’ Association (KASSIA).

About KASSIA

Industrial and investment promotion agency of the Government of Karnataka.

MISSION

• Promote and develop Small Industries in the State
• Construction and utilisation of infrastructure, especially in backward areas
• Procurement and marketing of Raw Materials
• Technical support and assistance are means to reach the goals.