Bengaluru: Karnataka IT export A massive 27% increase to Rs 3.2 lakh crore in the 2022-23 financial year, increasing the state’s share in India it Exports up by 42%, IT minister said Priyank Kharge, He was speaking at the 26th edition of the state’s premier tech showcase – Bengaluru Tech Summit (BTS) 2023 – which began on Wednesday. Data from the Software Technology Parks of India (STPI) showed that India’s IT exports stood at Rs 7.8 lakh crore during the same period.
The three-day summit themed Breaking Boundaries set the stage for the integration of tech leaders, startups, investors and research labs from over 30 countries to discuss emerging technologies, ideas powering new digital imperatives and how -Can be discussed. Companies are adopting AI as a gamechanger in the future. BTS has also made significant progress by committing to achieving net zero in the coming years.
“Karnataka is home to 14,000 startups that are contributing to an ecosystem valuation of $164 billion. We are home to nearly 40 unicorns, and the promise of more unicorns to come in the future strengthens our position as a global innovation hub,” Kharge said. Bengaluru has been ranked 8th in the Global Startup Ecosystem Index by Startup Blink.
Chief Minister of Karnataka Siddaramaiah said the state has become the most sought-after destination for Global Capability Centers (GCCs), hosting about 40% of GCCs in India. Karnataka Chief Minister Siddaramaiah said, “The availability of a skilled digital talent pool, a thriving innovation and startup ecosystem and a favorable policy environment have fueled the GCC growth story in Karnataka.” from india gcc The EY report titled Future of GCC in India – Vision 2030 revealed that the market is expected to more than double to $110 billion by 2030 from 2,500 technology hubs currently at $45 billion.
Industries Minister MB Patil said that an interesting fact to note is that in the year 2000, there were less than 22 GCCs in Karnataka. “Currently, Karnataka is home to 440 GCCs. This means the state has added about 20 new GCCs every year from 2000 to 2022,” he said.
Siddaramaiah said Karnataka is home to more than 5,500 IT/ITES companies and about 750 multinational companies. “This vibrant industry has not only provided direct employment to more than 12 lakh professionals but has also created more than 31 lakh indirect jobs,” he said. Apart from IT/ITeS, Karnataka has more than 40% share in electronics design, 52% share in machine tools manufacturing, 65% share in aerospace and defense manufacturing and 60% share in biotechnology exports, the government said. About 63% of the state’s total installed capacity in renewable energy comes from renewable sources.
Kharge said the state government has set up a skills advisory committee for emerging technologies, with industry and academia as its partners. The main objective of this committee is to provide guidance, policy advisory and action-oriented recommendations to bridge the skill gap between the industry requirements and the technical talent pool of Karnataka. This committee provides a collaborative framework for government, industry and academia to design, plan and implement skill development programmes.
Karnataka Deputy Chief Minister DK Shivakumar has come up with a new idea, seeking private sector participation and support from foundations in equipping rural education centers to hone their skills in emerging tech skills that are reshaping the tech landscape. Is. “I am creating a new education system for rural Karnataka. I would seek your support in deploying your CSR funds to play a catalytic role in developing the skills of students in rural Karnataka. I spoke to Azim Premji Foundation and many other leaders, and they have come forward with a commitment to spend more than Rs 2,000 crore on primary education in rural areas,” he said.
The three-day summit themed Breaking Boundaries set the stage for the integration of tech leaders, startups, investors and research labs from over 30 countries to discuss emerging technologies, ideas powering new digital imperatives and how -Can be discussed. Companies are adopting AI as a gamechanger in the future. BTS has also made significant progress by committing to achieving net zero in the coming years.
“Karnataka is home to 14,000 startups that are contributing to an ecosystem valuation of $164 billion. We are home to nearly 40 unicorns, and the promise of more unicorns to come in the future strengthens our position as a global innovation hub,” Kharge said. Bengaluru has been ranked 8th in the Global Startup Ecosystem Index by Startup Blink.
Chief Minister of Karnataka Siddaramaiah said the state has become the most sought-after destination for Global Capability Centers (GCCs), hosting about 40% of GCCs in India. Karnataka Chief Minister Siddaramaiah said, “The availability of a skilled digital talent pool, a thriving innovation and startup ecosystem and a favorable policy environment have fueled the GCC growth story in Karnataka.” from india gcc The EY report titled Future of GCC in India – Vision 2030 revealed that the market is expected to more than double to $110 billion by 2030 from 2,500 technology hubs currently at $45 billion.
Industries Minister MB Patil said that an interesting fact to note is that in the year 2000, there were less than 22 GCCs in Karnataka. “Currently, Karnataka is home to 440 GCCs. This means the state has added about 20 new GCCs every year from 2000 to 2022,” he said.
Siddaramaiah said Karnataka is home to more than 5,500 IT/ITES companies and about 750 multinational companies. “This vibrant industry has not only provided direct employment to more than 12 lakh professionals but has also created more than 31 lakh indirect jobs,” he said. Apart from IT/ITeS, Karnataka has more than 40% share in electronics design, 52% share in machine tools manufacturing, 65% share in aerospace and defense manufacturing and 60% share in biotechnology exports, the government said. About 63% of the state’s total installed capacity in renewable energy comes from renewable sources.
Kharge said the state government has set up a skills advisory committee for emerging technologies, with industry and academia as its partners. The main objective of this committee is to provide guidance, policy advisory and action-oriented recommendations to bridge the skill gap between the industry requirements and the technical talent pool of Karnataka. This committee provides a collaborative framework for government, industry and academia to design, plan and implement skill development programmes.
Karnataka Deputy Chief Minister DK Shivakumar has come up with a new idea, seeking private sector participation and support from foundations in equipping rural education centers to hone their skills in emerging tech skills that are reshaping the tech landscape. Is. “I am creating a new education system for rural Karnataka. I would seek your support in deploying your CSR funds to play a catalytic role in developing the skills of students in rural Karnataka. I spoke to Azim Premji Foundation and many other leaders, and they have come forward with a commitment to spend more than Rs 2,000 crore on primary education in rural areas,” he said.
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