Bengaluru, Jun 3: Deputy Chief Minister CN Ashwath Narayan on Tuesday invited investors in the Electronics System and Design Manufacturing (ESDM) sector to Karnataka, as the state contributes 64 per cent to the sector's total exports from the nation.
During a video conference organised by Invest India for a few select states with leading ESDM players across the globe, Narayan said, "We are the largest chip design hub and home to 70 per cent of India's chip designers."
Karnataka has introduced industry-friendly policies from the beginning and it continues to be the leader in attracting technology-specific investments, he added.
"Karnataka has an estimated GSDP of almost USD 220 billion. We were the first to come out with IT, BT, ESDM, and AVGC (Animation, Visual Effects, Gaming, and Comics) policies to give a push to the growth of the technology sectors and innovation. We also have vibrant automobiles, agro, aerospace, textile and garment, and heavy engineering industries," Narayan explained.
"We have created sector-specific SEZs for key industries such as IT, biotechnology and engineering, food processing and aerospace,'' he said.
However, the state government is planning ahead as it has initiated talks with other countries.
"We have held multiple consultations with the private sector to seek inputs for returning to business as we ease the COVID-19 lockdown restrictions. We are also initiating dialogue with countries across the globe to understand future plans for their companies in the post COVID era and discuss how the Karnataka government can support that," the Deputy Chief Minister stated.
"Karnataka has attracted cumulative FDI inflows in the state from 2000 to 2019 which were recorded at USD 42.3 billion," he said.
Referring to the Karnataka ESDM policy 2017-2022, Narayan further said, "We aim to stimulate the growth of 2,000 ESDM start-ups during the policy period and create 20 lakh new jobs by 2025.
Comments
Monkey came for mangalore to go kerala...publick is stuppid.
After bringing Yogi to Kerala through Mangalore , BJP had lost their prospect in both states. the man with lot of criminal cases on his head has come to teach the law and order. People will start to compare their state with yogis ruled state. People want their children not to die due to lack of oxygen, People dont want to loose their monumental identities, People want to live in love and peace. they dont want price rice. and many more. By bringing this uneducated man to educated stateS BJP itself will realize their mistake
Why these days communal gundas visiting our manglore? Is there any conspiracy to disturb the peace in dakishin kannada?? May god save our DK.
Just wasting tax payers money only one intention to spread communal unrest all over INDIA. But state like Kerala with 100% educated Malayaly nothng will happen. Even rss's heavy funding to noted goondas they cannot make a Hair Line Fracture to Kerala State. At Punjab, Bengal and Kerala rss notable to cook their dish DHAAL NAHI GHALAGHI.
Amit Shah's Drama in front of temple never accepted by any HINDU Diety.
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