Latest news with #Techwaves2025
Time of India
25-04-2025
- Business
- Time of India
Tenders for Keonics Software Park in Mangaluru soon: Chairman
Mangaluru: The tender process for setting up Keonics Software Park near Blue Berry Hills in Mangaluru will commence by the end of this month or at the beginning of next month, said Sharath Kumar Bachegowda, MLA, and also the chairman of Keonics. Tired of too many ads? go ad free now "Hopefully sometime in June, we will be able to commence the work," said Bachegowda. He was speaking on the topic - 'The rise of Global Capability Centres (GCC) and their importance to Mangaluru', at the 'Techwaves 2025 – Rise of the Silicon Beach of India' organised by the Vertex Managed Workspace here on Friday. "We have set ourselves about 30 months to inaugurate it; within which we want to complete the centre and hand it over to Mangaluru. What we did in Electronic City can be replicated in Mangaluru," he said. Bachegowda said an ecosystem will be created to make Mangaluru the second Electronic City of Karnataka . "Presently, we have an idea of putting up about four lakh square feet centre in Blueberry Hill, but this could go up to 10 lakh square feet, based on the zoning regulations which are due to be changed in Mangaluru. We have been working consciously to make sure that the tender and the way we structure the whole programme is more favourable for local players," he said. Calling Mangaluru one of the emerging cities, he said the coastal region has several engineering colleges. "We have got talent over here. Hence, we want to make sure that the talent present over here gets the opportunities," he said, promising govt support. "The govt will support you with Internet, power, taxes and tariffs. We have got about a 3.5-acre space, where we are looking to put up a really big IT centre similar to what Bengaluru has in its IT park," he added. Kobayashi Create India director Koki Kato and NIDEC Advanced Technology Corporation GM Takashi Miyasaka were felicitated on the occasion.
The Hindu
24-04-2025
- Business
- The Hindu
Techwaves 2025 to showcase Mangaluru's strength, potential in IT industry
An event to showcase Mangaluru's strength in the IT industry and its potential to become a major player in the global tech arena will be held in the city on April 25, Friday. The event, 'Techwaves 2025: Rise of the Silicon Beach of India', presented by Vertex Workspace will be held at Vertex Five in Kadri at 4.30 p.m. It will witness gathering of industry leaders, tech pioneers and policymakers. With an agenda featuring insightful panel discussions, recognition of achievers and networking opportunities, the event aims to draw attention to the city's technological transformation, a release from Vertex Workspace said. Speaker of the Legislative Assembly U.T. Khader, Member of Parliament of Dakshina Kannada Captain Brijesh Chowta, and MLA and Chairman of KEONICS Sharath Kumar Bacche Gowda will address the event in addition to industry leaders from companies like EG India, CodeCraft Technologies, OmneNEST Technologies, and Novigo Solutions. Panel discussions There will be four panel discussions. The first session 'rise of Global Capability Centers (GCCs) and their role in Mangaluru' will explore how Mangaluru is becoming a key player in the global GCC landscape, a sector poised to drive job creation and innovation. GCCs are specialized offices set up by multinational companies to provide services like IT, customer support, and research and development. These centers help companies reduce costs and tap into local talent. Mangaluru's strategic location, cost-effective environment and skilled workforce have attracted major international players such as NIDEC Advanced Technology and Bose Professional. With Karnataka's new GCC policy aiming to establish 500 new GCCs by 2029, Mangaluru is positioned to be a prime location for future expansion. The second session will be 'Rise of Deep Tech in Mangaluru'. With its strength in engineering and growing startup culture, Mangaluru is making strides in Artificial Intelligence (AI), the Internet of Things (IoT) and digital health technologies, and is emerging a hub for deep tech innovation. The third session will be 'Mangaluru's dominance in the IT services industry'. This panel will explore why Mangaluru is attracting IT giants and startups, thanks to its skilled workforce, quality of life, and operational efficiency. The fourth panel 'importance of world-class workspaces in Mangaluru's growth' will focus on modern managed workspaces. This discussion will highlight the city's infrastructure readiness to support tech talent. The event will also recognize emerging tech leaders, including Koki Kato (Kobayashi Create India), Takashi Miyasaka (NIDEC Advanced Technology), Jagath Biddappa and Navajith Karkera (Sonic Lamb), and UnifyCX, all of whom are contributing to Mangaluru's growing reputation as a global innovation hub, it said. Mangaluru's tech boom The city currently boasts around 20,000 IT jobs, with plans to increase that number to two lakh by 2033 - a tenfold rise expected to significantly boost the local economy. Karnataka's Gross State Domestic Product (GSDP) is estimated to reach ₹28.83 lakh crore (approx. $331 billion), with Mangaluru contributing 5.5%, making it the second-largest contributor after Bengaluru, the release added. The city's IT sector alone generates over ₹3,000 crore annually, and its share of Karnataka's IT/BPO exports is expected to rise from 1.5% to 5% in the coming years. With over 10,000 engineers and more than 20,000 STEM graduates emerging annually from over 150 degree colleges and 25 engineering institutions, and supported by 15 plus incubation centers nurturing 125 plus startups, Mangaluru has a solid foundation for growth, it added. Furthermore, Mangaluru's operational costs are 20% lower than major metro cities, and its attrition rate is a mere 5%, compared to 18-25% in larger urban centers, making it an attractive destination for tech companies, the Vertex Workspace said.
