Karnataka to contribute big to nation's economy: CM Bommai

Bengaluru, Jan 17 (IANS): Karnataka is set to play a big role in the nation's economy in the future. Out of the 54,000 startups in the country, 13,000 are in the state. The Karnataka government has taken a slew of measures to encourage setting up of startups. Guidance and scientific support is being provided by the government, Chief Minister Basavaraj Bommai has said.

The Chief Minister in his online message on the occasion of 'National Startup Day' on Sunday said that the idea of New Karnataka for New India would be made a reality.

In accordance with the Prime Minister's wish, the Startup Day has been celebrated in a meaningful manner in the state. In the coming days the state government would provide a big boost for startups, innovation, scientific thinking and entrepreneurship, he said.

"Thanks to the long term vision of the Prime Minister, the number of startups, which was around 500, has crossed the 54,000-mark now. He has given a big push to innovation and startups by setting up a forum to help them and freeing them from the restrictions of the government. The Prime Minister has been the inspiration for the highest growth of startups in the state," Bommai said and thanked the Prime Minister for this on behalf of the state's youth.

"Karnataka is in the numero uno spot in the IT BT sector in the country. The first software company in Karnataka was started in 1980. It has seen a rapid growth since then and the state has the maximum share in IT BT exports," Bommai said.

"Financial assistance is being provided through programmes like Elevate 100, Elevate Unnati for setting up startups by SC-ST communities. Under the Amrit Startup programme financial help is being provided to 75 startups by the OBC and minority community members. Similarly 25 startups from women are being provided the assistance. About Rs 120 crore has been granted for 482 startups in the state, he said.

State government is mulling to take startups to various districts of the state under its 'Beyond Bengaluru' project. A new Research and Development Policy would be unveiled to encourage setting up startups from a small garage to big scientific research and industrial units, Bommai said.

"It has been decided to encourage scientific thinking, innovation and entrepreneurship by including them as subjects in school syllabus. About 150 ITIs have been upgraded. It has been decided to upgrade Diploma colleges. State government would bring an ambitious programme to lay a strong foundation in schools and colleges for scientific thinking, innovation and entrepreneurship," he said.

There are over 180 science and research institutions in various fields in Bengaluru. The government is keen to see more startups coming in agriculture, horticulture and sericulture which generate more employment. Bommai wished for more startups coming with social responsibility towards education, health, social welfare and women's empowerment.

"Karnataka will play a major role in realising Prime Minister Modi's dream of making India a $5 Trillion economy. Through startups a New Karnataka would make a significant contribution for the economy of New India," he said and congratulated the Prime Minister for encouraging the youth to inculcate scientific thinking to face new challenges.





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Comment on this article

  • R.Krishna, Mangalore

    Mon, Jan 17 2022

    As per todays Business Line newspaper Tamil Nadu netted 1143902 crores worth of investment during April - Dec 2021. Gujarat came second with net gain of 77892 crores and Telangana third with 65288 crores. The day is not far off when Karnataka will vie for investments with UP and Bihar.

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  • SS Shetty, Bombay

    Mon, Jan 17 2022

    Good , Whether Karnataka Govt having the Twin engine benefit with same party govt both at centre and state is able to get established corridor in the likes of Defence Eco system like UP govt , Drone manufacturing unit like UP govt , semi conductor industry , Tesla firm manufacturing , IIT and medical college like TN recently inaugurated by Honorable PM , Makedaite Water project clearance from central Govt ,Railway double tracking konkan railway with 100% electrification , Whether Karnataka Govt be able to get Nod from centre for 100 % 5G strong mobile network for better connectivity and establishment of Govt R & D Railway , Petroleum and solar panel module manufacturing centre in Karnataka , bangalore and beyond bangalore Does Karnataka govt able to get domestic airport in every district of karnataka connected to major cities like UP and Three international airport like kerela six lane highway from Mangalore to bangalore like Bombay to nagpur in maharashtra etc etc To name a few of Twin engine effect If these above facts are not released by Twin engine effect then i request all the MP irrespective of the party affilaited should sit together in parliament be it lok sabha or rajha sabha like regional parties like SS , TMC , Telanga, NCP , AIDMK , DMK etc and voice your state demand vociferously for the state welfare The first step should be the execution of the prestigous vital water madidekkettu project which is strongly supported by oppositiion party congress and our twin engine effect

    DisAgree [1] Agree [1] Reply Report Abuse

  • Harish, Mangalore

    Mon, Jan 17 2022

    Well-educated CM. But in BJP he has to act uneducated... BJP is to blame Manmohan Singh that he had to no backbone. He was a puppet of the Italian Lady. But what is here All BJP C.M. is puppet of Feku & Feku is Puppet of Amith & RSS, Ambani, Adani

    DisAgree [1] Agree [7] Reply Report Abuse

  • Raman, Mangalore

    Mon, Jan 17 2022

    While Startups may have its space - Only 5 % succeed - Not only in India but globally - many burn cash as referred endlessly ---- -- PAYTM IPO was a flop -- Many a times a "Google" company may come about - but very many fail ---- The main point is existing companies -- already running are facing closures- MSME 's - other businesses etc etc -- these are large employers-- India needs large employment bank-- Govt is now focused on START UPS - LIke the IT boom in 1980 's -- less Govt interference is better -- That is how Infosys etc came about -- (The concept of start up hence is nothing new -- INFOSYS - WIPRO etc are such Co's--) -- Start ups are started by generally Smart people -- so they need to be left alone till first stage of funding -- IPO etc -- they can not get embroiled in Govt regulations etc -- and Govt watch-- Bit coin suddenly - has started becoming over regulated- No clear policy - GST etc -- Many START UPS have moved to Singapore - The USA - Tiny Lithuania - London -- Some other cities in europe etc --

    DisAgree [1] Agree [4] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Mon, Jan 17 2022

    OMG so much disenchantment by commentators supposedly Kannadigas.

    DisAgree [6] Agree [2] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Mon, Jan 17 2022

    He comes from a strong socialist background, with a BTech degree and having worked with Tatas! Please give the man a chance to prove!

    DisAgree [4] Agree [1] Reply Report Abuse

  • VAS, Udupi

    Mon, Jan 17 2022

    Contributing in terms of Corona cases..?

    DisAgree [3] Agree [4] Reply Report Abuse

  • Shaan, manglore/dubai

    Mon, Jan 17 2022

    this is 70 years made by congress

    DisAgree [2] Agree [9] Reply Report Abuse

  • Reshmi Salian, Mangalore

    Mon, Jan 17 2022

    HMV...His Masters Voice..This man has to follow his master feku. Otherwise he will lose chief ministership. What all circus he needs to do for power. Mr. Chief Minister if you think of people at least they will bless you. The way you are performing they are cursing you.

    DisAgree [1] Agree [10] Reply Report Abuse

  • pili, Mangalore

    Mon, Jan 17 2022

    Karnataka contribute big through lockdown suffering.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Ramesh, Udupi

    Mon, Jan 17 2022

    What CM said was true , most of the well known IT companies and PSU's are moving to Gujarat and UP from Karnataka.

    DisAgree [2] Agree [13] Reply Report Abuse

  • Akil, Udupi/Bengaluru

    Mon, Jan 17 2022

    This guy also now started talking in the Air, like his Master!!! Kuch Bhi!!!

    DisAgree [1] Agree [22] Reply Report Abuse

  • Surendra Poojari, Mangalore

    Mon, Jan 17 2022

    What benefit Kannadigas get? We had to beg for our share of GST with central government. Still it's not sure we got or not. To get compensation also we need to beg. What is the use of having 25 BJP MP's???

    DisAgree [1] Agree [17] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Mon, Jan 17 2022

    Karnataka's software is rolled out without Proper Testing ...

    DisAgree [3] Agree [8] Reply Report Abuse

  • Ozy, Surathkal

    Mon, Jan 17 2022

    KARNATAKA to contribute big to nations economy which will go to Gujarat and UP development

    DisAgree [2] Agree [25] Reply Report Abuse

  • Varun, Mangalore

    Mon, Jan 17 2022

    What karnataka and kannadigas wil get in return??

    DisAgree [1] Agree [24] Reply Report Abuse

  • Ajay Rebello, Kallianpur

    Mon, Jan 17 2022

    But Karnataka govt to borrow thousands of crores, WHY!

    DisAgree [1] Agree [16] Reply Report Abuse

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