World’s 4th Largest Technology Cluster in Bengaluru
Knowledge, research, and innovation hub of Asia, with high-end R&D centers of over 400 MNCs Karnataka s the T hub of Ind and home to the world's fourth-largest technological cluster. The state has over 3,500 IT companies that contribute over $ 32 b In exports, employs over 1 MN professionals and creates 3 mn indirect jobs. Karnataka is India's largest software exporter, second-largest chip design hub, fourth-largest automobile producer and fourth largest &
contributor to electronic Industrial output. It is also a leader in exports of ready-made garments, gems and jewelry, petrochemicals and engineering goods from the southern region of India. Bengaluru, the state's capital, has a very strong cluster of IT and biopharmaceutical company.
The state also has the second-fastest growing start-up ecosystem in the world and is home to billon-dollar Indian start-ups. It is expected to be the largest IT cluster globally by 2020, employing around 2 mn professionals. Besides being a top software exporter, the state also stands forth in merchandise exports in the national export basket. Exports from the state stood at around $ 52bn in 2016-17, which Is about 18.8% of India's total exports. The state stands fourth among Indian states In terms of FDI inflows, attracting close to '$29 bn between 2000 and 2017.
Karnataka is well-connected to all major markets With 2 International airports, 264,639 km of the total road network and 3,281 km of the rail network The state has a coastline of 300 KM with 12 minor ports and one major port at Mangalore. The total installed power capacity in the state stands at 22,290 MW.
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.