Karnataka to set up 3 global innovation districts in Bengaluru, Mysuru, Belagavi: CM Siddaramaiah
At Bengaluru Tech Summit 2024, Siddaramaiah said the Karnataka government signed MoUs with Microsoft, Intel, Accenture, IBM, and BFSI Consortium to skill 1 lakh people.
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CM Siddaramaiah said that Karnataka is the preferred state GCC owing to its engineering talent and number of AI professionals, which will further strengthened by the initiatives under NIPUNA Karnataka. (File Photo)Karnataka will establish three dedicated global innovation districts—in Bengaluru, Mysuru and Belagavi—as part of its Global Capacity Centres (GCC) policy, Chief Minister Siddaramaiah announced on Tuesday.
Speaking at the inaugural event of the 27th edition of the Bengaluru Tech Summit in the state capital, Siddaramaiah said, “Karnataka has launched India’s first dedicated Global Capability Centres (GCC) policy, aimed at empowering and supporting these centres. Taking the policy announcement forward, I am proud to announce that we will establish three dedicated global innovation districts in Bengaluru, Mysuru and Belagavi. These will be dedicated parks for GCCs to set up shop here in the state.”
“Our state is a preferred destination for GCCs, thanks to its unmatched engineering talent and the highest number of AI professionals globally. This will further be strengthened by our initiatives under NIPUNA Karnataka, which will be a programme designed to create an industry-ready workforce. The five MoUs signed just now, with Microsoft, Intel, Accenture, IBM and BFSI Consortium, will skill 1 lakh people in Karnataka,” he added.
According to an official statement, Karnataka aims to train over 10,000 trainees each year in emerging technologies, focusing on deep tech, in collaboration with Microsoft. In partnership with Intel, it intends to train over 20,000 trainees annually in AI through various programmes.
Accenture, in collaboration with the government, is providing 10,000 people with training in emerging technologies such as cybersecurity and quantum computing. According to the statement, IBM has committed to training 50,000 people in AI and cloud services. The BFSI Consortium trains 10,000 people in banking and finance, ensuring they secure placements in reputed companies within the fintech sector.
Karnataka launches GCC policy, aims for $50 billion output
The government also introduced the Karnataka Global Capability Centres (GCC) Policy 2024-2029, which aims to solidify the state as a premier destination for innovation and technological excellence.
The policy, the draft of which was unveiled in September, targets the establishment of 500 new GCCs by 2029, creating 3.5 lakh jobs and generating $50 billion in economic output. With Bengaluru already hosting 30 per cent of India’s GCCs and 35 per cent of its workforce, the state seeks to further expand this leadership through this policy.
According to a statement, the policy emphasises a “Beyond Bengaluru” initiative to promote equitable development across tier-2 and tier-3 cities such as Mysuru, Mangaluru, Shivamogga, and Hubballi-Dharwad. Incentives will be provided to companies setting up in these regions, facilitating the decentralisation of innovation hubs and nurturing untapped talent pools.
The key provisions of the GCC policy are talent development, incentives for growth, ecosystem enhancement, infrastructure expansion, democratising access to opportunities and fostering a culture of sustainability.
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