State capital Bengaluru has come up as the 4th largest technology cluster in the world after the Bay Area, Boston, and London.
First Indian state with a startup policy, aerospace policy.
Single Window Clearances covering 10 state departments.
80% of global IT firms have India operations in Bengaluru.
US$ 17.4bn worth of exports recorded during 2018-19.
Declared ‘Best place to live and work by Expatriates’ by Mercer.
US$ 256bn GSDP estimated for fiscal year 2020-21.
US$ 7.94bn FDI inflow between Oct 2019 - September 2020
65%
of aerospace exports from India comes from Karnataka's aerospace industry.
3,500
IT firms based out of Karnataka contribute over US$35bn in annual exports.
75%
of India's flower production, 70% of coffee output, 47% of silk production come from Karnataka.
380
biotech firms, 194 biotech startups out of India's 950 biotech entities are in Karnataka.
60%
of India's total machine tools engineering and production come from Karnataka
400+
R&D centres have made it the knowledge, research, and innovation hub of Asia.
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Here are the leading sectors with opportunities for foreign investors
IBM has successfully operated in Karnataka for nearly 15 years now.
Honda Motor opened its fourth assembly line at the Narasapura plant near Bengaluru
Arcelor Mittal to set up a 6m tonnes steel plant with a 750 MW power plant
DreamWorks runs a studio out of Bengaluru where it operates animation works
Rolls-Royce runs engineering operation out of Bengaluru that supports its global activities
coming up near Bengaluru International Airport, spread over 385 ha of land
has selected Bengaluru, Mangalore, Belgaum, Shimoga, Hubli-Dharwad, Tumkur, and Davangere
coming up at Shimoga, Bijapur, Hassan and Gulbarga through the PPP model
over 4,258 ha, near the international airport, expected to bring in US$20b investment
at Tadadi in Uttara Kannada District, at an estimated cost of US$584m to increase trade
with a production capacity of 10.2 TPD is to be established in the Bagalkot District.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments