‘Karnataka has emerged as the innovation leader in India’

News Network
November 17, 2017

Bengaluru, Nov 17: Karnataka has emerged as an innovation leader in the country, and the only state to do so in many ways and at many levels, said Chief Minister Siddaramaiah.

He was speaking at the inaugural function of Bengaluru Tech Summit, the flagship three-day technology event organised by the Karnataka government. The event got off on Thursday with the state committing to position itself as the leader in frontier and emerging technologies.

The CM said: "From the enterprise IT services business in the mid-nineties to the startup revolution beginning 2010, it is now heralding the era of AI, Big Data, and Deep Learning in the fields of healthcare, manufacturing, and enterprise IT."

He  pointed out that Karnataka and Bengaluru have been fortunate to have the IT industry as an engine of growth for the last 25 years. "Today, the IT industry has over 15 lakh employed here, more than 25,000 companies of which around 7,000 are startups, an export revenue of $45 billion, more than 450 research labs with over 400 Fortune 500 companies getting their work done here," he said.

He also said that Karnataka's share in India's total IT exports has also increased from 25% in 2010-2011, to 38% in 2016-17.

Biocon Chairman Kiran Mazumdar Shaw said the development in the life sciences space heralded in a new age of digital health using advanced technology, AI and data sciences.

"Digital biotechnology is gaining momentum. It is important to find that 60% of life-tech companies are located in Bengaluru and it has created 3,000 entrepreneurs. It is interesting to find that 30% of these companies are owned by women," she said.

Comments

Mohan
 - 
Friday, 17 Nov 2017

Proud to be a Kannadiga Techi

Suresh
 - 
Friday, 17 Nov 2017

True. Siddaramaiah govt doing great

Sangeeth
 - 
Friday, 17 Nov 2017

If Karnataka emerged, then only the reason is our Modiji. Modiji given many funds and with that fund congi govt worked

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News Network
May 5,2020

Mangaluru, May 5: As many as 7,119 labourers, who were stranded in Dakshina Kannada district, were sent to their native places in buses operated by KSRTC’s Mangaluru and Puttur divisions.

After the announcement of lockdown, the stranded labourers were provided shelter in various halls, Town Hall and government hostels in the district.

The stranded labourers from Kuloor, Panjimogaru, Panambur, Baikampady, Yeyyadi, Mulki, Ullal, Bunder, Hoige Bazar and from taluk centres, who wished to take up farming activities in their villages, were sent back in KSRTC and private buses. As many as 266 buses were engaged for ferrying the labourers.

The labourers underwent health check-up prior to their departure to their native villages, Deputy Commissioner Sindhu B Rupesh said.

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News Network
June 18,2020

Bengaluru, Jun 18: Real estate continues to be a preferred asset class for investors amid the uncertainty emerging out of the pandemic, according to a report by National Real Estate Development Council (NAREDCO) and Housing.com.

Titled 'Concerned yet positive - The Indian Real Estate Consumer (April-May 2020)', the report showed that the real estate consumer remains positive with regard to the economic scenario and income stability for the coming six months.

"Real estate (35 per cent) is still perceived as the preferred mode of investment, followed by gold (28 per cent), fixed deposits (22 per cent), stocks (16 per cent) and homebuyers are likely to slowly return to the market in the coming six months," it said.

Price-points of residential realty have remained muted for the past few years, but are still a key deterrent, with the perception of being still unaffordable, according to nearly half of the potential homebuyers surveyed, who are currently staying in rented accommodation.

A majority of respondents surveyed (73%) comprise 'first time homebuyers', who are looking to buy a 'ready-to-move-in-house' for end-use and are from the age group of 25-45 years. While 60% of respondents opined that for the next six months, they would prefer a ready-to-move-in property, 21% said they were okay with a property with a delivery timeline of maximum one year.

The survey was conducted in April and May 2020, through a random sampling technique for a fair representation across regions. The insights presented in the survey represent the view of more than 3,000 potential homebuyers.

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News Network
April 14,2020

Mangaluru, Apr 14: Karnataka Chief Minister B S Yediyurappa today wished the people of Tulu Nad a Happy Bishu in Tulu language.

Yediyurappa took to Twitter on Tuesday and wrote in Tulu, 'Happy Vishu to everyone! A new year brings new hope and new energy. May the coming year bring good health and well-being in everyone’s lives.'

Bishu – the traditional New Year for the Hindus in Dakshina Kannada and Udupi, which begins from Tuesday is believed to signal the arrival of good luck and fortune for the coming year.

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