$1 billion investments to hasten the development of Karnataka
स्रोत: News Bharati English      तारीख: 07-Feb-2017

Bengaluru, February 7: Karnataka is one of the fast-pace developing states which is leading in development sector and implementing new technologies. Karnataka is heading towards developing its start-ups as it has received investments about $1 billion since past 2 years.

On Monday, in the joint Karnataka legislature, Governor Vajubhai R Vala said that at least 4000 startups have received the investments of about $1 billion over the past two years. He said that "Bengaluru has seen good competition from major cities of the world in the startup ecosystem, but it performed well over others because of the state's vibrant startup policy," Vala said.

Embeded Object

Vala said that said the state government is expected to play a pro-active role to introduce sub-urban rail for the Bengaluru Metropolitan area in collaboration with the Ministry of Railways. The Governor claimed that the state government had stood firmly with people of the state in protecting the land, water and language despite challenges posed by court orders.

Karnataka tops the IT and biotechnology sectors in the nation with a growth rate of 10% to 12% a year bringing new opportunities in employment sector. Vala said that the centres of excellence will be established at sub-centres of the government tool room and training centre in Bengaluru, Kalaburagi, Dandeli and Mysuru. Besides, Karnataka Small Scale Industries Development Corporation is also taking steps to establish new industrial estates in Sarathi, Chikkahosahalli, Muttugadahalli, Ullathikaval, Kudapura and Hreshakunahalli.