Karnataka: Powering India's growth

March 2024

Karnataka, a renowned technology hub in India and home to a burgeoning start-up ecosystem, attracts investors from different sectors. It has emerged as a key investment destination. One of the primary reasons is that the state is India’s largest software exporter. Bengaluru, the capital city and often referred to as the Silicon Valley of India, is synonymous with innovation and technology. It has numerous IT parks, making the city a hotspot for technology investments. Other sectors, such as automobile manufacturing, electronics, and capital goods also contribute significantly to the state’s GDP. With more than 200 SMEs, Karnataka is also the second-fastest growing start-up ecosystem in India due to the presence of renowned educational institutions, venture capitalists, and incubators.

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