Why Karnataka

Karnataka is one of the 29 States in India and emerging as an industrial super power of the Country. The State has 30 districts and 176 taluks. Over the last 100 years the state has had the distinction of building a strong and vibrant industrial base, which combines the intrinsic strengths of large industrial public sector undertakings, large and medium privately owned industries and a very wide and dispersed micro and small scale sector. Karnataka has demonstrated strength over a wide spectrum of sectors in industry and has outstanding examples of success in the world economy.

In the recent times Karnataka has emerged as the knowledge and technology capital of the country making rapid strides in the new economy as well. Karnataka’s capital Bengaluru is globally recognized as the Silicon Valley of Asian region and is considered technology capital and knowledge capital of the country.

Karnataka is among the top five industrial states in the country. The achievements of Karnataka in promoting high-tech industries in key sectors like telecommunication, electronics, information technology, precision engineering, automobiles, readymade garments, bio-technology and food processing have been note worthy. The strong base of large and medium scale industry established in Karnataka has given a wide scope for promotion of vibrant small scale sector in the state providing considerable employment opportunities to the people of Karnataka.

Karnataka has many inherent advantages for investors and offers ample opportunity for investment both from domestic and overseas investors. The State is the leader in knowledge based, technology driven industries like information technology, bio-technology, electronics, telecommunications, aerospace and much else.

Karnataka's pre-eminent position on the industrial and business map of India is based on several factors. The State is rich in natural resources and known for its salubrious climate. It has a strong resource base of highly educated people, backed by an extensive educational infrastructure comprising world-renowned schools, colleges, institutes of higher learning and research and development centres. labour force is highly skilled, disciplined and hardworking. And, above all, it has a far-sighted, development-oriented, investor-friendly government that firmly believes in, and actively encourages, public – private partnerships.

The State is widely recognised as a centre of learning with 12 universities, 135 Engineering colleges, 114 Medical colleges, 916 general colleges, 184 polytechnics and 600 ITIs and other training institutions. The State has more than 100 R&D centres and over 664 MNCs are settled here. The State is linked by air with international centres and also has a wide network of roads, railways, seaports, airports and communication network.

10 Reasons to invest in Karnataka

  1. State’s GDP growth rate 7% - On par with National average
  2. Attracts 4th Highest FDI in India- USD 12.2Bn of Cummulative FDI since 2009
  3. Largest Bio-Diversity in the country-Presence of 10 agro climatic zones
  4. Most Globalised state with highest degree of openness to export trade-Degree of openness to export is 47% v/s National average of 24%
  5. 4th largest Global Tech Cluster-MIT-Receives highest VC funding
  6. 4th largest skilled workforce-6.6% of the country’s industry employment
  7. 90,000 acres of land bank available- 40,000 acres notified for industrial purpose
  8. Pioneer in introducing industrial policy-1st to introduce policies for Industries, IT, Aerospace, Biotechnology, Semiconductors, Startups, NRIs, Retail Trade
  9. Best labour relations in the country-Industry friendly and peaceful labour.
  10. Bengaluru ranked “Best place to live and work for expats” in India-Outstanding Social infrastructure and cosmopolitan culture.

Karnataka at a Glance

Area : 1,91,791 sq. kms.
Population : 52.85 million
Gross domestic Product : US $33.81 billion
GDP Growth Rate : 5.5 %
Industrial Growth Rate : 7.76 %
Airports : 6
Seaports : 20
National highways : 3958 kms
State highways : 21111 kms
Railways : 3172 kms
ಸೂಕ್ಷ್ಮ, ಸಣ್ಣ ಮತ್ತು ಮಧ್ಯಮ ಕೈಗಾರಿಕೆಗಳ ನಿರ್ದೇಶನಾಲಯ
ನಂ.49, 1ನೇ ಮಹಡಿ, ಸೌತ್ ಬ್ಲಾಕ್,
ಖನಿಜ ಭವನ, ರೇಸ್ ಕೋರ್ಸ ರಸ್ತೆ,
ಬೆಂಗಳೂರು - 560  001

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