Nation Politics 20 Sep 2019 BSY: Revised IT poli ...

BSY: Revised IT policy for tier 2, 3 cities soon

DECCAN CHRONICLE.
Published Sep 20, 2019, 4:38 am IST
Updated Sep 20, 2019, 4:38 am IST
The CM requested IT and BT investors to contribute generously towards rehabilitation of flood-affected people in the state.
CM B.S. Yediyurappa with DyCM  Ashwathnarayana and Chairman of Axilor Ventures Kris Gopalakrishnan at a  meeting in Bengaluru on Thursday (Photo: DC)
 CM B.S. Yediyurappa with DyCM Ashwathnarayana and Chairman of Axilor Ventures Kris Gopalakrishnan at a meeting in Bengaluru on Thursday (Photo: DC)

Bengaluru: Chief Minister B.S. Yediyurappa announced here on Thursday that the state government would soon come out with a revised Information Technology (IT) policy to promote investment and generate employment in tier-2 and 3 cities of Karnataka

Addressing representatives of member companies of the IT and Biotechnology Ecosystem, the Chief Minister requested  them to invest in  Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi.

 

He also announced the setting up of a Karnataka Innovation Authority, that he would head along with Deputy Chief Minister  Ashwathnarayan , who would be its co-chairman.

Mr Yediyurappa revealed that a vision group involving key stakeholders from industry and academia to provide insights on strengthening the start-up ecosystem was on the cards as well.

“The state government has framed policies to provide concessions and fiscal incentives for setting up IT parks. This will ensure stamp duty concessions, patent reimbursement, marketing support and sector specific venture funds  to the IT sector," he explained, adding that the move was aligned with achieving the end objectives of acceleration of GDP/GSDP rate, investment attraction and increase in export of goods and services.   

The cumulative FDI flow into the state from April 2000 to December 2018 stood at US$ 35.69 billion, the third highest in India after Maharashtra and New Delhi, he noted.

“Karnataka contributes close to 40 per  cent of India's software exports. It is leading the nation in biotechnology, contributing about 35 per cent of the nation's market share. This has been achieved due to  contribution from industry stakeholders  and interventions of the government,” he added.

The CM  requested  IT and BT investors to contribute generously towards rehabilitation of flood-affected people in the state.

Dr. Ashwathnarayana, who also holds the IT and BT portfolio, chairman of the Vision Group, IT, Krish Gopalakrishnan, and Dr. Kiran Mazumdar Shaw, chairperson,  Vision Group on Biotechnology were also present.

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