Latest news with #EkroopCaur
Time of India
21 hours ago
- Business
- Time of India
K'taka services exports nearly doubles in 6yrs, breach $150bn mark
Bengaluru: Karnataka's services-sector exports — spanning information technology, business process management, fintech, biotech, engineering design and other knowledge-based services — reached $159 billion in 2024-25, a 13.7% increase over the previous year. In 2018-19, Karnataka exported $77.8 billion worth of software and services. After a slight dip to $79.2 billion in 2020-21 due to the pandemic, the sector rebounded to $101.8 billion the following year. Exports grew to $130.3 billion in 2022-23, $139.9 billion in 2023-24, and crossed the $150-billion mark this year — nearly doubling in six years. The state continues to hold the top spot in the country for total services exports (see table), according to data from the Visvesvaraya Trade Promotion Centre (VTPC). While VTPC didn't have a break-up for IT/ITeS immediately, officials said that a majority of the services exports are from the sector. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Karnataka IT/BT secretary Ekroop Caur told TOI: "From FY2015 to FY2024, Karnataka's services sector grew at a CAGR of 8.3%, outperforming the national average of 6.3%. The 13.7% rise last year isn't a one-off — Bengaluru alone accounts for nearly 40% of India's IT/ITeS exports." Pointing out that over 40% of India's 1,750+ GCCs are in Bengaluru, employing more than 8 lakh professionals, she said these centres are evolving into global R&D and innovation engines. "Beyond IT/ITeS, we're also seeing contributions from fintech, biotech, product development and chip design. Skilling initiatives like Nipuna Karnataka are helping align our workforce with modern industry needs, particularly in AI, machine learning, cybersecurity and blockchain," she added. TV Mohandas Pai, chairman of Aarin Capital, reiterating that Bengaluru remains the heart of Karnataka's services story, said 28 lakh people work here, across 65,000 companies and 20,000 startups. "Each year, 100-200 new tech startups are born. Bengaluru has one of the world's largest concentrations of tech. But our biggest failure is infrastructure. There is no significant investment happening in the city or in smaller towns. Governments make big announcements — Rs 1 lakh crore, for instance — but the actual allocations are meagre," he added. FKCCI president Balakrishna MG said the growth is driven by government efforts like the Karnataka Digital Economy Mission and the Beyond Bengaluru strategy. "Our reputation, global links, and steady FDI inflows have positioned us well. But to sustain this, we need more IT parks in Tier-II cities, fewer regulatory hurdles for smaller firms, and large-scale upskilling to meet demand in AI, Web3, and cloud-based technologies. Karnataka must reposition itself globally not just as an IT hub, but as a centre for broader knowledge and innovation services," Balakrishna said. PV Rai, managing director, Pixel Softek, cautioned against attributing the growth solely to government action. "It's the industry and the manpower, and the spurt in global capability centres (GCCs), that have propelled this. But the city's infrastructure is a serious concern. We lack proper roads, a clear masterplan, and IT-ready layouts. Without long-term, planned solutions, we risk losing momentum," he said. ------ For Graphic: Year Wise Service Exports From K'taka: Year Exports in Billion USD 2018-2019 77.8 2019-2020 83.8 2020-2021 79.2 2021-2022 101.8 2022-2023 130.3 2023-2024 139.9 2024-2025 159.1 Service Exports: Top 6 States & All India for 2024-2025: State Exports in in Billion USD Karnataka 159.1 Maharashtra 62.1 Tamil Nadu 48.4 Uttar Pradesh 18.9 Andhra Pradesh 4.2 Gujarat 3.8 All India 387.8 Source: Visvesvaraya Trade Promotion Centre
The Hindu
3 days ago
- Business
- The Hindu
Karnataka Digital Economy Mission unveils vision document for Mysuru
The Karnataka Digital Economy Mission (KDEM) envisages a digital economy revenue of ₹10,000 crore for the Mysuru cluster by 2030. The Vision Document was unveiled here on Friday at the Mysuru Big Tech Show conducted on the Infosys campus. As per the document, the road map for Mysuru cluster envisages investment by large companies and augmenting the work force by 10-fold. The Mysuru cluster targets a digital economy revenue of ₹10,000 crore, support for over 2,800 start-ups, 1.5 lakh jobs by 2030 with enhanced rigour and focus on IT/ITES, Startups, ESDM etc. The newly established Vayu Assets announced an investment of ₹1,250 crore in the region to establish a PCB plant catering to domestic and intersional markets while an Indo-Taiwanese Joint Venture Project – MiPhil Semiconductors, also announced its entry into the Mysuru cluster. The KDEM said in a release that over the last 12 months, Mysuru had elicited strong interest from the industry to establish operations in the cluster and the continued efforts of KDEM had resulted in more than 15 companies setting up offices, leading to fresh employment. Mysuru was positioned as an advanced national innovation hub, intended to serve as a sustained contributor to India's goal of achieving 1 trillion dollar digital economy by 2030, it added. Mysuru Big Tech Show 2025 showcased the next generation of innovators, offering access to investors, market exposure with government backing from the Government of Karnataka, and mentorship from top ecosystem enablers. The event witnessed participation by over 500 delegates, 45 plus global speakers, oer 80 start-ups among others. Officials and State government representatives who participated in the panel discussions deliberated on several aspects to make Mysuru a growth catalyst in the mission backed by the regions strong education focus. The release cited Ekroop Caur, Secretary, Department of Electronics, IT, BT and Science & Technology, who pointed out that Mysuru was presently the second largest IT exporter in the State contributing ₹5,000 crore annually. Mysuru's existing plug and play infrastructure spans almost 500,000 sq ft and more than 10,000 co-working seats with an approximate 200,000 sq ft of upcoming facilities together with a Global Technology Centre. ''As we look ahead, we aim to make Mysuru India's most 'infrastructure ready' hub, with a highly trained skilled workforce making it a magnet for global investments. We believe Mysuru can truly become the poster-boy to deliver on the State's digital ambitions,' she added. Some of the other areas of discussion included future ready skills for future industries; bridging the youth-industry gap; aspirational vocational education; global mobility and quality assurance, among others.
Time of India
17-06-2025
- Business
- Time of India
New global innovation hub at Bengaluru airport city to boost innovation in AI and critical industries
Karnataka government , Bengaluru Airport City Ltd. (BACL), and consultancy firm ANSR on Tuesday launched a Global Innovation Hub, District I, to support deep-tech entrepreneurship, enterprise-driven innovation, and the commercialisation of academic research. Under the initiative, Global Capability Centres (GCCs), IT service providers, accelerators, corporate labs, startups, VCs, academia, and public institutions will develop a collaborative ecosystem. The focus will be on developing advanced technologies, including AI, quantum computing, blockchain, and customer experience technologies. The government stated that the hub will foster innovation in critical industries, including aerospace, space technology, smart cities, retail, banking, financial services, and insurance (BFSI), manufacturing, telecommunications, and defence. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Average Price of a 6-Hour Gutter Guards Upgrade Read More Undo Spread across BACL's Business Park cluster, which is a subsidiary of Bangalore International Airport Limited (BIAL), the district will be 28 million sq. ft, which will house R&D hubs, a separate education and health district and lifestyle offerings. Karnataka's IT-BT, Secretary, Ekroop Caur, said, ' With the Global Innovation Hub, we are creating a platform that brings together every part of the ecosystem to collaborate, innovate, and lead globally. This is a key step toward making Bengaluru the world's next great innovation capital.' Live Events During the launch, BACL said the district project will be more than just a physical space and aims to capture the ethos of work, play, live, learn, and create, offering startups and enterprises a vibrant ecosystem backed by world-class infrastructure. 'District I is central to our long-term vision of building a future-ready, innovation-led economy, one where ideas spark, collaborations thrive, and entrepreneurs drive meaningful change,' said Rao Munukutla, Executive Director, BACL. Founder of ANSR, Lalit Ahuja, said Bengaluru has the potential to strengthen its position with a globally benchmarked innovation platform. 'By uniting startups, service providers, GCCs, academia, and public infrastructure on one seamless platform, we are setting a powerful flywheel in motion that will propel the next wave of breakthrough technologies from India to the world.' The BACL already has several facilities operational, including a central kitchen and a state-of-the-art 3D printing unit. Upcoming projects like India's first airport-based concert arena and a modern convention and exhibition centre are expected to strengthen BACL's position as both a cultural and business destination. The area will also feature around 5,200 hotel rooms. As part of its development as a smart city, it will focus on five key areas: built environment and city management, urban mobility, energy, safety and security, and environment and water.
Hans India
17-06-2025
- Business
- Hans India
Government of Karnataka, BACL, and ANSR Launch a Global Innovation Hub in Bengaluru Airport City
Bengaluru: The Government of Karnataka, Bengaluru Airport City Ltd. (BACL), and ANSR jointly announce the launch of a Global Innovation Hub, District I — a pioneering initiative within BACL's Business Park, that aims to unify and elevate India's innovation ecosystem to a global scale. District I will serve as a central platform to accelerate deep-tech entrepreneurship, enterprise-driven innovation, and the commercialisation of academic research. By bringing together Global Capability Centers (GCCs), IT service providers, accelerators, corporate labs, startups, VCs, academia, and public institutions, the initiative fosters an interconnected, collaborative ecosystem across industries and institutions. With a focus on advanced technologies such as AI, quantum computing, blockchain, and customer experience technologies, this hub will foster innovation in critical industries including aerospace, space tech, smart cities, retail, BFSI, manufacturing, telecom, and defence — sectors where Bengaluru already leads with deep technological capabilities. District I will be an integral part of Bengaluru Airport City's expansive 28 million sq. ft. Business Park cluster, a world-class, mixed-use urban destination. Encompassing cutting-edge R&D hubs, a dedicated Education and Health District, a vibrant mix of hospitality, entertainment, and lifestyle offerings, Bengaluru Airport City is envisioned as an international gateway to a sustainable, smart, and vibrant inclusive urban growth. The Secretary – Department of Electronics, IT, BT, and S&T, Government of Karnataka, Ekroop Caur said, 'Bengaluru has always led from the front in India's tech journey. With the Global Innovation Hub, we are creating a platform that brings together every part of the ecosystem to collaborate, innovate, and lead globally. This is a key step toward making Bengaluru the world's next great innovation capital.' Rao Munukutla, Executive Director and CEO, BACL added, 'At Bengaluru Airport City, we are proud to introduce District I, a dynamic hub created to inspire and empower the next generation of innovators. More than just a physical space, District I captures the ethos of work, play, live, learn, and create, offering startups and enterprises a vibrant ecosystem backed by world-class infrastructure. District I is central to our long-term vision of building a future-ready, innovation-led economy – one where ideas spark, collaborations thrive, and entrepreneurs drive meaningful change. With this initiative, we aim to catalyse a mindset shift — from job seekers to job creators — and reaffirm our commitment to India's journey as a global innovation powerhouse. We extend our sincere gratitude to the Government of Karnataka and the ANSR Group for their invaluable support in bringing this vision to life.' The Founder and .CEO, ANSR, Lalit Ahuja said, 'While Bengaluru is recognized as a leading technology hub, there remains potential to strengthen its position with a globally benchmarked innovation platform. With the launch of District I, we are not only reaffirming the city's stature as the Silicon Valley of the East, but we are redrawing the global map of innovation. By uniting startups, service providers, GCCs, academia, and public infrastructure on one seamless platform, we are setting a powerful flywheel in motion that will propel the next wave of breakthrough technologies from India to the world'. Bengaluru Airport City is rapidly solidifying its reputation as a model for advanced urban development, with operational facilities like a cutting-edge central kitchen and a state-of-the-art 3D printing unit already in place. Plans to establish India's first airport-based Concert Arena and a modern Convention and Exhibition Centre are set to elevate it as both a cultural and business destination. Adding to its appeal are the projected 5,200 hotel rooms, including the Taj Bangalore with its 370 luxurious rooms and the under-construction combo hotel featuring 775 rooms under the Vivanta and Ginger brands. Designed as a renewable energy-powered campus with an IGBC Green Cities Platinum rating, the city integrates sustainable practices like rainwater harvesting and infrastructure aligned with the UN's Sustainable Development Goals. Bengaluru Airport City is also being developed as Smart city, encompassing 5 pillars such as Built environment and City Management, Urban Mobility, Energy, Safety and Security and Environment and water. With over 16,000 startups, 50% of India's unicorns, 550+ GCCs, and one of the world's most dynamic tech talent pools, Bengaluru is uniquely positioned to lead the next wave of global innovation. The Global Innovation Hub will build on this strong foundation by enabling deeper collaboration between industry, government, and academia. It will act as a launchpad for startups, a commercialisation engine for academic research, and a co-innovation platform for enterprises, all designed to amplify the city's impact on the global innovation map.
The Hindu
17-06-2025
- Business
- The Hindu
Global Innovation Hub, District I launched at Business Park of Bengaluru Airport City Limited
The government of Karnataka, Bengaluru Airport City Limited (BACL), and ANSR have jointly announced the launch of a Global Innovation Hub, District I within the Business Park of BACL. The Bangalore International Airport Limited (BIAL) said that District I will serve as a central platform to accelerate deep-tech entrepreneurship, enterprise-driven innovation, and the commercialisation of academic research. BIAl hopes that by bringing together Global Capability Centers (GCCs), IT service providers, accelerators, corporate labs, startups, VCs, academia, and public institutions will foster an interconnected, collaborative ecosystem across industries and institutions. With a focus on advanced technologies, such as AI, quantum computing, blockchain, and customer experience technologies, this hub will foster innovation in critical industries, including aerospace, space tech, smart cities, retail, BFSI, manufacturing, telecom, and defence — sectors where Bengaluru already leads with deep technological capabilities. District I will be an integral part of Bengaluru Airport City's expansive 28 million sq. ft. Business Park cluster, which is being projected as a world-class, mixed-use urban destination encompassing cutting-edge R&D hubs, a dedicated Education & Health District, a vibrant mix of hospitality, entertainment, and lifestyle offerings. 'Bengaluru has always led from the front in India's tech journey. With the Global Innovation Hub, we are creating a platform that brings together every part of the ecosystem to collaborate, innovate, and lead globally. This is a key step toward making Bengaluru the world's next great innovation capital,' said Ekroop Caur, secretary, Department of Electronics, IT, BT, and S&T, Government of Karnataka. 'At Bengaluru Airport City, we are proud to introduce District I, a dynamic hub created to inspire and empower the next generation of innovators. More than just a physical space, District I captures the ethos of work, play, live, learn, and create, offering startups and enterprises a vibrant ecosystem backed by world-class infrastructure. District I is central to our long-term vision of building a future-ready, innovation- led economy – one where ideas spark, collaborations thrive, and entrepreneurs drive meaningful change,' said Rao Munukutla, Executive Director & CEO, BACL.
