The Karnataka Digital Economy Mission (KDEM) will create 10 lakh jobs in the state by 2025 as it will attract more investment in the information technology sector. Karnataka Deputy Prime Minister Dr. CN Ashwath Narayan said on Tuesday.
“The KDEM will create 10 lakh jobs by 2025 and help Karnataka meet its $ 150 billion IT export target and become a $ 300 billion economy by 2025,” said Narayan, who said the Holds portfolio for electronics and IT-BT.
He spoke at the inauguration of the office of the Karnataka Digital Economy Mission, which aims to increase the contribution of the digital economy to the GSDP 30 percentand publication of the report “Beyond Bengaluru”, which will facilitate the achievement of this goal.
He added that the government will focus on improving connectivity to remote parts of the state, providing 24/7 power and reducing the rural-urban gap by putting in place the infrastructure needed to empower the digital economy.
He sought a bigger role for KDEM in improving the state’s economy.
“The government wanted KDEM to be more industry-friendly. With that in mind, it has allowed 51 percent of the shares in industry associations while keeping a minority stake of 49 percent for itself. The government wants to act as an intermediary rather than an authority.” “Narayan pointed this out.
According to the additional general secretary in the Department of Electronics, IT / BT, EV Ramana Reddy, the IT sector contributes 25 percent to the GSDP, 98 percent of which is in Bengaluru alone.
In order to increase the proportion of other regions of the state, the project “Beyond Bengaluru” was initiated, he said.
According to official information, the KDEM was set up according to a public-private partnership model, with industry associations – NASSCOM, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the India Electronics & Semiconductor Association (IESA) and the Vision Group am Startups – contributing 51 percent of the shares.