After an remarkable 108 years since its inception by Sir M. Visvesvaraya in 1916, the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has finally welcomed its first woman president, Uma Reddy.
Ms. Reddy has taken the helm as the 92nd president of this esteemed trade body, marking a significant moment in its history.
In an exclusive interview with The Hindu, Ms. Reddy outlined her ambitious agenda. Her primary objectives include boosting micro, small, and medium enterprises (MSMEs) in Karnataka through advanced technology and essential skill development, fostering new opportunities for women and youth, and actively contributing to sustainable practices and green economy initiatives.
Ms. Reddy is the accomplished managing director of Hitech Magnetics and Electronics, where her leadership has propelled the company’s growth in the specialized field of power electronics—an industry traditionally underrepresented by women.
An electrical engineer by training, graduating from UVCE, Bengaluru, she brings over three decades of invaluable experience in manufacturing transformers and coils for electronic and industrial applications.
You are the first woman head of FKCCI. Why do women take time to reach the top?
“Having been part of FKCCI for two decades, it is a profound honor to be elevated to this presidential post. This moment is both deeply personal and historically significant, as I become the first woman to lead this institution in its 108-year legacy,” Ms. Reddy shared. “I truly believe that my assumption of this role will pave the way for many more women to embrace leadership positions within chambers of commerce. This milestone isn’t just about breaking barriers; it’s about actively building bridges—for women, for MSMEs, and for the entire future of Karnataka. My vision is to transform FKCCI into a leading platform that champions innovation, inclusivity, and sustainable growth, all while upholding the rich traditions of this venerable institution.”
What is your advice to women entrepreneurs in particular and the trade community in general?
“I firmly believe that chambers of commerce are inherently gender-neutral, and all chamber leaders are integral to mainstream business. However, for women leaders, resilience and unwavering perseverance are crucial for achieving success,” she advised.
“The core mission of FKCCI has always revolved around policy advocacy, which forms the bedrock for driving growth across trade, manufacturing, and service industries. With over 5,000 direct members and more than two lakh members connected through various district associations and chambers, the trade body will continue its vital role as a facilitator for improving the ease of doing business.”
As president of FKCCI, what are the things that you would be focusing on?
“As a united team, we aspire to make FKCCI not just a source of pride for Karnataka, but a global benchmark for inclusive, innovative, and impactful commerce. Our focus will be on empowering MSMEs with cutting-edge technology and skills, creating abundant opportunities for women and youth, wholeheartedly embracing sustainability and the green economy, and significantly amplifying Karnataka’s presence on the global stage. Beyond its signature events, FKCCI will also dedicate significant efforts to skill development, training, and the practical application of technology.”
You are taking over at a juncture when MSMEs are plagued with various internal and external pressures including trade barriers. How do you view this challenge?
“Karnataka is a powerhouse, contributing 8 to 9% of India’s GDP, housing over 400 Fortune 500 companies, and leading in critical sectors like IT, biotech, space research, and aerospace manufacturing. At this pivotal moment, FKCCI’s role in addressing pressing issues such as escalating operational costs, intense global competition, tariff complexities, and financing obstacles for MSMEs is more crucial than ever,” she emphasized.
“Significant collective effort is required to further solidify FKCCI’s position as a vital link connecting industry, government, and society. We will also intensify our focus on strengthening the synergy between startups and established industries, providing comprehensive skill development training in technology, and nurturing the growth of agri-tech businesses.”