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
Rakesh... dont tell us that all those chant VM are Nationalists
And you cant force people to chant this....
Ibraheem Hussain, Udupi, any comments.
This is sad and not right at all , brothers fighting against each other. Those guys dont represent me .
I apology and prayer to the cop.
Walida-e-hind-ki Zindabad :)
Shave BABA RAMDEVS BEARD....very good to know he rejected say ---mantaram.
They never targetted him , this police man objected for vande mataram , so they thrashed him . so CD is misleading its readers .
I did not see any chaddi statement now. Is it tolerenance?
Shocking, the Great India is turning to intolerant India! credit goes to rulers of India and its state.
ONE WHO VOTED TO MODHIJII ACCHE DINNN LET THEM SEE THIS AND SELECT THIER FUTURE.
THIS PEOPLE FRIST SHAVE U R SWAMIJI BEARED THEN US....
MODHIJI IS FAKEJIIII
Acche din effect
Now Arnab will shout in Newshour that the Muslim policemen is an anti national.
Modi government has already gave all the RSS to take the law into their hand. May be one day will come that our nation will become like Pakistan and Afghanistan; if not controlled by these RSS mad dogs.
The Roots of EVIL : ARROGANCE; ENVY and GREED.
Knowledge makes people HUMBLE
Arrogance make people IGNORANT.
I think there are many Ignorants who say they are the superior . but they really are stupids and commit such acts which they themselves open the door of hell.
THIS IS ACHEE DEEN OF MODI
Add new comment