Karnataka Govt Will Create 10 Lakh New IT Jobs In Bengaluru & Entire State: How Will It Work Out?

Karnataka Govt Will Create 10 Lakh New IT Jobs In Bengaluru & Entire State: How Will It Work Out?
Karnataka Govt Will Create 10 Lakh New IT Jobs In Bengaluru & Entire State: How Will It Work Out?

A good news for the residents of Karnataka as by the end of the year 2025, Karnataka Digital Economy Mission (KDEM) will be creating around 10 lakh jobs in the state as announced by the Karnataka Deputy Chief Minister C N Ashwath Narayan on Tuesday.

IT Jobs In Karnataka

During the inauguration of the office of Karnataka Digital Economy Mission, C N Ashwath Narayan said that KDEM will be creating 1 million jobs in the Electronic and IT-BT portfolios by 2025, which will help Karnataka in reaching USD 150 Billion target in IT exports. 

These jobs mainly will be created in the Information Technology (IT) sector and promises to help the unemployed youths in the state.

Beyond Bengaluru Mission

The KDEM’s main focus is to increase the contribution of GSDP to the digital economy by 30 per cent and launch the ‘Beyond Bengaluru’ report.

Apart from this, the government would also focus on reducing the rural-urban divide by establishing the necessary infrastructure to improve connectivity, provide power round the clock and strengthen the digital economy, even in remote parts of the state, as informed by Narayan.

Further he demanded a greater role for KDEM in improving the economy of the state. 

KDEM Industry-Friendly

According to him, the government wanted KDEM to be more industry-friendly.

So, keeping that in mind, it has allowed 51 per cent stake for industry associations, while it holds a lower stake of 49 per cent for itself.

Currently, the IT / BT, the IT sector contributes 25 per cent of GSDP, with Bengaluru alone accounting for 98 per cent as per the information provided by EV Ramana Reddy, Additional Chief Secretary, Department of Electronics. 

Moreover, the ‘Beyond Bengaluru’ project has been started to increase the share in other areas of the state as well, he said.

Here,the said KDEM is founded on a public-private partnership model.

Where industry organizations such as NASSCOM, The Associated Chambers of Commerce and Industry of India (Assocham), India Electronics and Semiconductor Association (IESA), and Vision Group Startup- holds 51 per cent stake in it.

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