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
Urgently he should visit a psychiatrist!!!! friends would you like to suggest any doctor in mangalore????
Even at this age Yeddi did not lose the sense of humour!
No doubt.. this time BJP will win and yeddy will be our CM.. Jai yeddy. Jai Bharat
BJP is the eonly one party in INDIA taking care of Muslim community. A small list as follow Beef Ban;Head Scarf ban; Objection on prayer call;Objection on religious teaching Madrasa now the latest with TAJ MAHAL.
Since bjp and their leaders are supporting from all corner with Muslim community then how the Muslims go against bjp. for Yeddi and Shobha they will support 100%
I am a muslim, and do not support BJP or yedyurappa
Modi wave we cant see not even in north states. In karnataka congress will win.
Yeddurappa proving he is shameless creature.. How can he say that.. He and his party all against Muslims and still telling that they are in good terms
Yeddy cant even dream of that.
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