K'taka aims to export software worth INR4 trillion by 2020 | SupportBiz

Top Story

K'taka aims to export software worth INR4 trillion by 2020

With about 40 percent share of software export from India, Karnataka has set an ambitious export target of a whopping INR4 trillion (INR4 lakh crore) by 2020 for the resilient IT services industry in the state. "We propose to increase the annual export of software to about INR4 lakh crore by 2020 from the INR1,35,000 crore in the 2011-12 fiscal, and increase employment opportunities to about two million people from the 8,00,000 at present," Chief Minister Jagadish Shettar said.

Addressing the state after unfurling the tri-colour and inspecting the guard of honour at the Field Marshal Manekshaw parade ground in the city centre, Shettar said that the state had the distinction of implementing many policies for the first time in the country in the knowledge sector, including semiconductor, animation and gaming.

"Karnataka tops in the country in the information technology (IT) and bio-technology (BT) sectors. The World Bank and the International Monetary Fund (IMF) have ranked Bangalore as the 16th city globally to attract investments," Shettar said.

Claiming that the second Global Investors' Meet in June was a huge success, the chief minister said that the state government had signed agreements for 712 projects with an investment potential of INR7.6 trillion (INR7.6 lakh crore).

"A separate web portal has been launched on August 10 to ensure transparency and speedy implementation of these projects. The portal will also help investors and the public to know details of the projects being implemented and clearances given by the departments," Shettar pointed out.