K’taka CM pitches for IT boost

K’taka CM pitches for IT boost

Agency News

Bengaluru, Nov 18: Karnataka Chief Minister B S Yediyurappa on Monday assured to set up Karnataka Technology Deveopment Board (KTDB) to give a boost to Information Technology (IT) sector in the state.

Speaking after inaugurating a three-day tech summit here, he said that efforts were made to encourage IT. "Besides attracting investment, the KTDB will be given a task to find ways and means to develop Human Resource," he added.

The Chief Minister said that his government is committed to strengthen the IT sector and will provide all help in this regard. The State which had etched its name in the Global IT sector is also emerging as Startup capital in the World. "It is the duty of the IT experts to see that the sector not only maintains its top position but also comes out with new developments so that more investment is attracted and more jobs created," he added.

Speaking on the occasion, Deputy Chief Minister C N Ashwath Narayana said that the state government is committed for development of IT and BT sector and also created a friendly atmosphere. "The state has emerged third place in attracting investment and last year it had attracted about $ 36 billion," said Karnataka Chief Secretary Vijaya Bhaskar.

Karnataka IT Vision Group President and one of the Infosys founder Kris GopalaKrishna stressed on the importance of development of the existing companies rather than starting new ones.

Former Infosys Chairman and Industrialist Mohan Das Pai held that by 2020 the Bengaluru City will

beat America's Silicon Valley and emerge as big IT City in the Globe since the City has friendly nature and emerging as capital of Human Resource.

At present the IT sector turnover in the state amounts for $ 55 billion with more than 20,000 IT companies.

Biocon Limited Chairperson Kiran Mazumdar-Shaw said that her company is set to achieve a turnover of $ 100,000 billion by 2025. (UNI)