The cabinet also approved a Special Incentives Scheme for Electronics System Design and Manufacturing (ESDM) sector to attract industries moving out from China.
BENGALURU: Intending to enhance the state’s Information Technology industry’s contribution to at least 30 per cent of India’s trillion-dollar digital economy vision, the Karnataka Government announced its new IT Policy 2020-2025. Much like in the Industrial Policy, incentives have been linked to districts categorised as zones and industries investing outside Bengaluru receiving more subsidies.
The new IT policy aims to create 60 lakh direct and indirect jobs over the next five years by facilitating ecosystems in new regions outside Bengaluru Urban and Rural districts. The cabinet also approved a Special Incentives Scheme for Electronics System Design and Manufacturing (ESDM) sector to attract industries moving out from China.
“In the IT sector, we have achieved a level of maturity in Bengaluru and it is now time to take it to Tier-II and Tier-III cities. We are calling it ‘Beyond Bengaluru’. The goal of this policy is to boost IT penetration and innovation in the state holistically. The focus will be on employment generation, which is currently at 30-32 lakh, and we want to catapult it to 60 lakh,” said Meena Nagaraj C N, Director, IT & BT and Science and Technology on the emphasis on ‘Beyond Bengaluru’ in the new IT policy.
Source: The New Indian Express
