States
A powerhouse of development
It's rich technological manpower resources has earned Karnataka a pre-eminent position of being a knowledge-based State. The recent IT boom notwithstanding, the State has had grown to a position of being considered one of the front line industrial powers
, earning a niche in the precision machine tool and engineering industry.
Going the BT way
After IT, BT (Bio Technology) has become the common idiom in Karnataka. Though it has yet to take its roots, the Government has taken upon itself to usher in creating a congenial atmosphere for a biotech revolution.
Striving to stay on top
Ranked as one of the ten hottest technology cities in the world, Bangalore, has become a destination for investors and the State, basking in its reflected glory, has managed to fare reasonably well, despite a global meltdown, that has slowed industrial g
rowth in other parts of the world and other Indian cities.
Racing ahead despite slowdown
Karnataka, which has made rapid strides in the software sector, is now looking beyond that. The State plans to make it big in the hardware also and is aiming at an early lead. With a strong hardware focus, the State is looking at attracting investments c
lose to $500 million in the next one year.
Time to diversify
Karnataka is all set to capitalise on its position as the Silicon Valley of India. In an interview with Business Line, the Karnataka minister for information technology, Prof B.K. Chandrashekar discusses many issues that are likely to help the State in i
mproving its position in the IT sector.
Leading from the front
Karnataka, the countrys IT beacon and among the leading industrialised and progressive States, is also the fourth best industrial destination. It has attracted the third highest number of foreign direct investments.
Weaving a winner
Karnataka is all set to emerge as a major industrial powerhouse, if the Governments endeavour in taking a focussed approach and support to potential sectors pays off. Peaceful industrial relations supported by salubrious climate and the developing an int
egrated infrastructure through a dedicated industrial park, Karnataka hopes to reinvigorate the textile sector to make it a leading exports industry.
Capitalising on strengths
It will take a while for Karnataka to bring to focus its strengths in the manufacturing and agro-based sectors as its efforts in this direction face a serious challenge from the phenomenal growth in the Information Technology sector. Its near unassailabl
e supremacy in this field has often raised the question if the Government is complacent about paying equal attention to the other sectors as it does to IT. ButAdditional Chief Secretary for Industry and Commerce, Mr B. S. Patil, is optimistic that the St
ate will re-emerge as a strong economic power.
