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
BJP is sure that the awarded people will not return the award on Intolerence issue.
Wow ...may be i will get it too before BJP rule ends
All are Nearer and Dearer one of so called Modi ji.All Modi chamathkar.
Next award for Anumpam Kher is Governor post Just wait and Watch..I wonder Why Subramania Swami name is missing...
Life time achievement award should be given to Modi's Wife for sacrificing her entire life.
ANUPAMKER ANNOUNCED THE AWARD OHHH NOOO
THEY CAN ANNOUNCE MY NAME ALSO... BEC NO REASON TO GIVE HIM AWARD,
FEKUUU EFFECT MODHIJII..... AB KI BAARRR FEKU AWARDSSS...
Ambani for becoming billionair.....Anupam kher for becoming chamcha of BJP....
Sania is well deserved.....she is bringing laurel to our country...still doing it as we speak...in australian open.....
They qualified only through praising Modi and became blind bhakts.
Salman Khan is missing in this list..! Anupam Kher may get Bharat Ratna also in future for his Bhaktgiri and post of acting PM.
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