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Business Economy


ESDM sector major cocus focus for Karnataka govt: Siddu

Bengaluru, Dec 8 (UNI) With the city emerging as the most preferred
IT services and product development centre after Silicon Valley in
the US, the Karnataka government will now focus on supporting
Electronic System Design and Manufacturing (ESDM) sector outside the
metropolis and has lined up huge benefits for this industry.
Chief Minister Siddaramaih, inaugurating the Bangalore IT.Biz the
premier annual ITE event in Asia said the government had decided to
invite global companies to set up ESDM facilities in tier two cities
like Mysore, Kolar, Tumakuru besides Bengaluru to set up the design
centres for electronics products and ensure provide all facilities.
''India remains a net importer of electronics equipment including
mobile hardware technology, and we recognise the need to promote
research and development of these products. For this Karnataka
government will travel an extra mile to provide facilities to ESDM
sector,'' he said.
He said the ESDM sector was the focus of the new IT policy of his
government and it had already given sanction to set up facilities in
the sector in Mysore and Bengaluru. The government was now looking
to companies who want to set up their plants in Tumakuru and Kolar.
''What we are looking at is this industry come to these towns.
The investors will be assured best facilities and basic services from
the government on 24x7 basis. They will also get various government
proposed sops,'' he said.
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