Thursday, October 23, 2025
spot_img

Karnataka to create 10 lakh jobs in IT and related sectors

spot_img
- Advertisement -

Karnataka to create 10 lakh jobs in IT and related sectors by 2025

The Karnataka Digital Economy Mission (KDEM) will create ten lakh jobs by 2025 in the state as it will attract more investments in the information technology sector, Karnataka Deputy Chief Minister Dr. C N Ashwath Narayan said.

“The KDEM will create ten lakh jobs by 2025 and will help Karnataka to reach the goal of USD 150 Billion in IT exports and also to become a USD 300 Billion Economy by 2025,” Narayan, who holds the electronic and the IT-BT portfolio, said. He was speaking at the inauguration of the office of Karnataka Digital Economy Mission which has the objective of increasing digital economy contribution to GSDP to 30 per cent and launch of the ‘Beyond Bengaluru’ report which facilitates achieving this target.

He added that the government would focus on improving connectivity even to remote parts of the state, providing round the clock electricity, and reduce rural-urban divide by establishing needed infrastructure in order to strengthen the digital economy.

He sought a bigger role for KDEM in improving the economy of the state.

“The government wanted KDEM to be more industry friendly and keeping this in mind it has allowed for 51 per cent stake to Industry associations while retaining a minority holding of 49 per cent for itself. The government wants to act rather as a facilitator than an authority,” Narayan pointed out.

According to the Additional Chief Secretary in the department of electronics, IT/BT, E V Ramana Reddy, the IT sector contributes 25 per cent of GSDP of which 98 per cent accounts for Bengaluru alone.

In order to increase the share of other regions of the state as well, the ‘Beyond Bengaluru’ project has been initiated, he said.

According to officials, the KDEM has been set up on a public-private partnership model, where Industry associations NASSCOM, The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India Electronics & Semiconductor Association (IESA), and Vision Group on Startups- contribute 51 per cent stake.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Wipro appoints Cognizant veteran Philippe Dintrans as Head- Domain & Consulting

Wipro appoints Cognizant veteran Philippe Dintrans as Head- Domain...

EPFO Launches 3.0: Flexibility in Provident Fund Contributions

The Employees' Provident Fund Organisation (EPFO) is set to...

Upstox appoints Sudeep Ralhan as Chief Human Resources Officer

Online stock trading platform, Upstox has announced the appointment...

Govt rolls out pension scheme for families of workers who died due to COVID-19

Govt rolls out pension scheme for families of workers...

Talent Rafting amidst COVID Tsunami – The great corporate dare!

Ambitious leaders started looking at this as a unique...

Moody’s appoints Maral Kazanjian as Chief People Officer

Moody's Corporation has announced that it has named Maral...

Infosys to hire 1,000 workers in UK in next 3 years

Infosys to hire 1,000 workers in UK in next...

Future-Ready Learning: Powering Skills with Data and AI

Building a workforce that can thrive amidst technological advancements...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/