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Bengaluru Tech Summit: Govt to set up global innovation districts in Bengaluru, Mysuru & Belagavi, says CM


Karnataka will set up three devoted global innovation districts in Bengaluru, Mysuru and Belagavi, Chief Minister Siddaramaiah introduced after kicking off the three-day Bengaluru Tech Summit.

This initiative was an extension of the worldwide functionality centres (GCC) coverage the federal government got here up with, turning into the primary state to take action. These will probably be devoted parks for GCCs to arrange store right here within the state, he stated, on the well-attended occasion within the presence of lots of of abroad delegates.

In Bengaluru, the worldwide innovation district will probably be a part of the Data, Wellbeing, and Innovation Metropolis (KWIN City), about 45 minutes from the worldwide airport. These districts will function a worldwide hub for innovation and analysis, the CM added.

Karnataka has been a most well-liked vacation spot for GCCs, due to the provision of engineering expertise and AI professionals. The state’s programmes like ‘Nipuna Karnataka’ geared toward skilling the youth to create an industry-ready workforce would additional strengthen the state’s GCC management place, he stated.

Siddaramaiah introduced that his authorities on Tuesday signed 5 MoUs with Microsoft, Intel, Accenture, IBM and BFSI consortium which might practice about one lakh individuals with the mandatory abilities.


Huge leap in startups

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Karnataka’s startup ecosystem has seen exceptional progress, with an 18.2% improve from 2022 to 2023, totalling 3,036 startups and making the southern state the chief with 8.7% of India’s whole startups. “This success displays our robust assist and vibrant alternatives for entrepreneurs,” Siddaramaiah stated.Karnataka’s collaboration with the Indian Enterprise and Alternate Capital Affiliation (IVCA) has related greater than 200 startups with 100 funding companies, offering capital, mentorship, and progress alternatives.

By a cluster-based strategy, the federal government was driving balanced regional progress, from Mangaluru’s fintech management and Hubli-Dharwad’s developments in EVs and drones – to Mysuru being a PCB cluster, the CM stated.

Siddaramaiah introduced an electronics manufacturing cluster (EMC) at Kochanahalli in his dwelling district of Mysuru. The EMC, he stated, would strengthen Karnataka’s position within the world semiconductor {industry}, creating jobs and driving financial progress in each city and rural areas.

Ease of enterprise, dwelling

The federal government has launched many mega tasks to enhance ease of dwelling and ease of enterprise in Bengaluru, together with the tunnel mission and Bengaluru Enterprise Hall, deputy CM DK Shivakumar stated.

The PRR mission was gathering mud for greater than a decade, however now the federal government has kickstarted it and the work would begin in six months, he stated, talking on the tech summit. “This mission will clear up visitors congestion within the metropolis to a big extent. It’s going to considerably assist companies on Outer Ring Street additionally. Now we have acquired the Cupboard approval for the tunnel mission. It’s going to additionally considerably enhance visitors circulation by means of the core of the town,” he stated. Bengaluru, he added, was dwelling to about 400 Fortune 500 firms. Karnataka is the worldwide vacation spot for startups, and I’m proud to say that the world’s tech leaders name Karnataka dwelling.


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