Karnataka has unveiled a ₹967-crore technology policy aimed at tripling its software exports and positioning the state as a leader in space technology by 2030. The ambitious plan targets boosting software exports from ₹4.09 lakh crore to ₹11.5 lakh crore and increasing the IT sector’s contribution to the state economy from 26% to 36%. It also seeks to generate 90 lakh direct and indirect jobs, focusing on attracting deep-tech talent and encouraging the return of Indian professionals from overseas.
A significant feature of this policy is the decentralization of growth beyond Bengaluru, with incentives and support extended to tier-2 and tier-3 cities such as Mysuru, Hubli-Dharwad, and Shivamogga. Subsidies on rent, property taxes, and electricity for IT firms will make operations more cost-effective. The policy also emphasizes strengthening the startup ecosystem by aiming to create 25,000 new ventures, 10,000 of which will be outside Bengaluru.
The Karnataka Space Technology Policy within this framework targets capturing 50% of India’s domestic space-tech market and 5% globally, with a goal of attracting $3 billion in investments. It promotes the growth of 500 space-tech startups and MSMEs and plans to train 50,000 young professionals in space-related skills. Establishing Centers of Excellence in AI, computing, and defense technology across the state, including at IIT Dharwad, is another key commitment.
This integrated strategy positions Karnataka at the forefront of India’s tech and space sectors while promoting inclusive economic development across the state. The policy reflects a forward-looking approach to technology-driven growth, innovation, and talent development that could shape Karnataka’s economic landscape over the next decade.
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