Karnataka, India’s eighth largest State in terms of area and ninth largest State in terms of population is truly one of the most progressive industrialized States of the country. The State has an illustrious history of having successfully introduced several industrial and technological initiatives.
Today, Karnataka is driving domestic growth, crafting careers and creating wealth through a potent mix of resource-based, skill-based, technology-based and knowledge based products and services. The State has a living tradition of employing technology to trace a steady growth curve across various sectors of the economy, earning in the process the enviable tag of being ‘the most technology-savvy’ State in India.
The State has made rapid and spectacular strides in the new economy. Information technology, Biotechnology, Research and Developments have enhanced Karnataka’s achievements at the National and global levels. Karnataka accounts for more than one third of electronics and computer software exports from the country. It is also a leader in exports of Readymade Garments, Gems & Jewellery, Petrochemicals, Engineering commodities from South India. Karnataka stands 4th in Merchandise exports and also leads in exports of products and services.
Congenial industrial ambiance, salubrious climate, cordial labour relations and more importantly, skilled manpower have been instrumental in attracting investments into Karnataka. The State has been quick in responding to the growing infrastructure requirements and in continuously upgrading infrastructure, with several mega projects underway and many more in the pipeline – providing yet another avenue for the investors.
The investor–friendly policy frame work and the carefully devised support mechanisms to encourage and promote investments have been integral to the investment scenario in Karnataka. Investors can be rest assured of the best in terms of services, facilities and assistance from the very conception to the execution of their projects – thanks to simplified and structured procedures.
Karnataka’s vast and diversified resource base has emerged as a reputed investment destination for investment worldwide. The World Bank’s ‘investment climate’ survey across 16 States in India has assessed the conduciveness of Indian States to private investment by using a number of indicators. The survey’s results place Karnataka in the top ranks in terms of conducive investment climate.
Karnataka offers a competitive manufacturing base with a large consumer support, advantages of which are yet to be gained fully.
Karnataka – opportunity beckons like never before!