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Follow UsMonths after the
Semicon Policy was unveiled in Karnataka, a giant leap was once
again taken by the state government by opening up the gateway for
several potential investors, entrepreneurs and global business firms.
The Global Investors Meet (GIM) held at Palace Grounds in Bangalore was
yet another statement by the state government to attract not only
global companies but also attract and leverage on the opportunity to
bring in more skilled workforce. It was more evident when the
event was attended by Chief Minister of Karnataka, B.S. Yeddyurappa,
Minister for IT & BT, Katta Subramanya Naidu, steel tycoon Lakshmi
Mittal, Azim Premji, Chairman and Founder, Wipro, Kingfisher Chairman, Vijay Mallya and several other
dignitaries.  Result:Â
A total investment of Rs. 4 trillion has been done by signing up of
several MoU between the state government and the companies.
Advantage Karnataka
Themed Advantage Karnataka: One
State, Many Opportunities, the event saw several potential
investors signing up the Memorandum of Understanding (MoU) with the
government in different verticals such as automotive, healthcare,
biotechnology, Information technology etc. Especially on day two
of the event, a total of 11 MoUs were signed up by IT companies with
the government. Says
The State government has brought out improved services and
investor-friendly facilities on industry, infrastructure, tourism,
Information Technology-Biotechnology (IT-BT), textiles and renewable
energy. We have followed a proactive approach for facilitating
investment in the state and facilitating growth of Karnataka as the IT
capital of India.
Commenting on the importance of IT and ITeS parks, Katta Subramanya
Naidu said, I believe that the investors will be able to explore new
opportunities and growth with the proposed IT parks, further allowing
them to gain momentum. The Dataquest IT industry report was also
unveiled by the Minister of IT & BT during the event which
showcased the importance of the IT sector. The report highlighted that
Indian IT sector has moved up the value chain by being on the forefront
of innovative software and application development.
Adds Bobby Mitra,President & Managing Director,Texas Instruments India and Chairman- India Semiconductor Association focused on the importance of semiconductor industries in the state. Says Mitra, Remarkable innovations are
happening in India and especially in Karnataka. The entire ecosystem of
semiconductor is vibrant and companies in this space are leveraging on
the opportunities. The India semicon industry has also identified a
very importance segment Electronics, which could bring in a
revolution especially in electronics system design and product
manufacturing. Adds Rajalakshmi, Director, STPI who provided with her
Vision 2020 for the state., Karnataka and Bangalore in particular have
seen a lot of developments in terms of empowering the women in IT.
She also discussed on the growth in different areas in IT such as
overall industry growth, export market, domestic growth, HR
growth, clusters and infrastructure, growth in Tier II and III cities,
SEZ growth, electronic hardware growth, and growth for foreign
companies in India.
Says Ashok Kumar Manoli, Principal Secretary to Government, Department
of IT, BT, and S&T, The proposed IT Investment Region (ITIR) and
IT parks across the state will enhance the credibility and leadership
role of Karnataka in attracting and retaining large investment on a
large scale. He added that IT has not only shaped the Bangalore
city skyline and work paradigm, but has also resulted in a more
cosmopolitan culture.
As per the Dataquest IT report, the state government is also
implementing a new ICT policy combining telecom with IT further giving
a fillip to infrastructure development across the state. The
report also reveals that the government now plans to bring IT
revolution to Tier II and III cities such as Hubli, Mysore, and Manipal
and Shimoga. The aim of such an initiative is to rope in local
entrepreneurs and to increase employment.
Future Initiatives
The report suggests that going forward, the state would also be
announcing its plans for an animation sector and formulate an
Animation, gaming and special effects policy. The state
government has also identified future prospects of nanotechnology in
India and has formed a Vision Group comprising industry and academic
experts for
Moving ahead and leaving behind the old concept, Anytime, anywhere,
the state government now plans to introduce anytime, anywhere, any
devices services for Karnataka citizens.
Global Investors Meet 2010 : Advantage Karnataka
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