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If your brand would like to do an Ask-Us-Anything, please message the mods so we can get you on our schedule. The Government is also looking at starting a metro rail connection to the airport. Closer to Hoskote, the state government is setting up a manufacturing hub at Narasapura as part of the Hoskote industrial corridor. It will fuel home kitchens along the Outer Ring Road once the state government forms an implementing authority.
The Bangalore Development Authority, which has the mandate of providing housing, has decided to partner with private builders to construct apartments. Best of Bangalore 31 Introduction Doing Business in Karnataka Karnataka is among the top five industrialised states in the country and has a framework for guiding investments and dedicated institutions to streamline project approvals.
T he state contributes to seven percent of agricultural production in the country. It is the largest producer of coffee, the second largest producer of flowers, the third largest producer of plantation crops and the fourth largest producer of spices, and manufactures 70 percent of the silk produced in the country. Its capital city Bangalore is recognised as the technology capital of India.
Hotels and restaurants 25 percent , real estate 16 percent , and banking and insurance and other services 15 percent constitute the sector. One of the earliest start-ups, this blue chip IT company placed Bangalore firmly on the global map as the Silicon Valley of India. It has been identified as having the highest wind energy potential in India at MW. While the state accounts for 5. Industry bodies have been urging the government to give an impetus to manufacturing, and a Manufacturing Task Force has compiled a report to boost employment in this sector.
POWER The growth of electricity consumption has outpaced the additions in capacity, leading to an energy deficit in the state. There is a huge potential in nonconventional energy, and the state plans to add MW by The Ministry of Commerce has proposed Industrial Corridors covering potential areas across the state.
Investors who set up units in SEZs can reap a host of benefits like tax rebates, exemption from duties and levies among others. LAW The judicial system of Karnataka is based on Indian law as applicable to its citizens and foreigners. Trials are in both the local language Kannada, and English.
The state has a robust Lok Ayukta infrastructure in place as well as courts that take up public interest litigation against corruption. The state government has set up a host of government departments and agencies to facilitate investment and businesses such as: Global Investors Meet - http: The companies have focused on innovation, redesigning products and services to meet the changing demands of both domestic and global markets.
The city also fosters diverse operating sectors such as aerospace engineering, biotechnology and garment manufacturing. Excerpts from his interview: Industry sectors such as textiles have rejigged themselves and are looking at a resurgent growth path. Many new hospitals and specialised care centres have opened up, giving the city a reputation as a health centre. Bangalore is also the nerve centre of the resurgent start-up trend in India. It is an incubator for entrepreneurial work; there are a lot of venture capitalists here.
Bangalore embraces a kaleidoscopic influx Soumitra Bhattacharya, Joint Managing Director, Bosch India of people, across cultural backgrounds, professions, states and countries, yet retains an inherent character which makes it one of the most favoured cities in India. However, there are critical issues that need to be tackled, such as urbanisation, water, garbage, power, administration and basic civic amenities like roads.
These require the collaborative effort of industry, industry representatives like CII and the Government. What are the key drivers of the economy in the state, and Bangalore, in particular? The services sector grew at an average rate of 7. However, the growth is not completely skewed towards the services sector. The primary sector and the agriculture sector which stand as a reasonable proxy for the primary activities in an economy, grew at rates of 4.
This can be attributed to policy uncertainties prevailing domestically and globally, and we will have to wait and see how the stabilisation of the domestic and global economies continue before a clearer picture emerges. How have the various industry sectors evolved here? Skewed development has unfortunately become a part of the Karnataka growth story. This, coupled with problems in connectivity of north and south Karnataka, has resulted in an unequal development pattern.
Which are the sectors affected by the slowdown? The manufacturing industry has been worst hit by the slowdown. Within the manufacturing industry, the automotive, construction equipment and auxiliary manufacturing are some of the sectors which have been badly affected.
The mining sector has also seen deceleration of growth. Which are the operating sectors that are thriving currently? What are the opportunities and challenges for the various operating sectors in Bangalore? The recently released i4 policy and textile policy by the state also opens up various possibilities in terms of innovative methods of operating businesses. The forthcoming State Industrial Policy also provides various incentives in terms of development of private industrial estates, operating industries on a plug and play basis and development of industrial corridors.
The food processing industry will also offer a plethora of opportunities in the medium term. In terms of challenges, ease of doing business continues to be a major roadblock, along with delays in infrastructure projects, industrial relations and environmental clearances. The Partnership Summit was another such effort aimed at positioning the city and the state as an attractive investment destination in the country.
Bahrain was the partner country, and over overseas delegations and Indian delegates participated in the summit. CII Karnataka has been an active partner of the Government of Karnataka GoK in terms of suggesting policy interventions aimed at driving inclusive and broad based growth. CII, as part of the Karnataka Tourism Vision Group, submitted a report underlining eight recommendations aimed at boosting the potential for tourism in the State, leading to increased employment and investment in the State.
The figures say it all: It is the only Indian city to feature among the Top 20 start-up ecosystems in the world in a study by Startup Genome. From innovative technologies to internet-based applications, from ecommerce portals to creative products and services, a number of young companies call Bangalore their home. A Start-up Saturday event in Bangalore L ikened to the Silicon Valley, the entrepreneurial climate of Bangalore had made it the information technology capital of India during the s.
The legendary start-ups Infosys and Microland and the resurgent Wipro have inspired a legion of aspiring entrepreneurs. Bangalore is abuzz with successful start-ups across diverse verticals: Online retail start-ups Flipkart, Myntra and redBus. In what ways can you incorporate those feelings into your waking life. Stop texting and drive. Run, copper or lead.
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