Karnataka to launch fund to promote Bangalore | SupportBiz


Karnataka to launch fund to promote Bangalore

Karnataka chief minister Siddaramaiah said on October 22 that, the state government is planning to launch ‘Bangalore First Fund,’ which will globally promote the city as India’s tech hub, reports IANS.

The chief minister was talking at the inaugural event of the three-day Bangalore ITE.biz 2013 expo.

In his speech, Siddaramaiah said, "To put Bangalore back on the global IT map, we are launching the Bangalore First Fund to promote its brand under 3.0 version and make it the innovation capital of the world over the next five years.”

To leverage the benefit of IT to the masses, the state government will adopt mobile governance and e-governance using latest technology. Moreover, the state government will partner with Nasscom to set up a skill development fund to train the youth of the region, thus creating a talent pool for the knowledge services sector.

"IT, IT-enabled services and innovation industries will be exempted from all restricted labour laws, except those clauses for protectionof women employees at work place," said Siddaramaiah.