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
Hey chaddi terrorist, stop spreading your chaddi cancer disease to karnataka state
We the Indians should be celebrating that axxxxxxes farewell to his permanent hell hole where delicious pork are cooked and served by 72 angels plus hoards of his harem collection.
Others say that Yediurappa earned a goodwill among the masses for celebrating Tipu Jayanthi when he was CM & same with Deve Gawda. These politicians change their stances to suit them. Tamil Nadu should celebrate rather Jayanti of Veerappan who was a true Tamlian nationalist. After kidnapping actor Rajkumar, veerappan demanded everything favoring TN. At that Time CM SM Krishna had almost agreed to Veerappans demands. Tipu will remain well addressed in the history for the good work done in Restoring temples & serving his subjects. Feku will be remembered in history for his expertise in riots.
This sidramya is proving himself as Pedramiah - He is suffering from the symptoms of political-termination !
@Sangeeth and all other cheddis... Why you people wants to create problems... If you are not interested then keep calm. Let them celebrate
Siddu wont learn.. previous year much problem created because of celebration. Why he wanted to celebrate
Add new comment