Govt aims to make K'taka hub for next breed of fabless startups to thrive: Minister Ashwath Narayan
Bengaluru, Oct 21: Karnataka Minister for Electronics, Information Technology and Biotechnology C N Ashwath Narayan on Thursday said the government aims to make the state the hub around which the next breed of Indian fabless startups can thrive.
He said it also aims to propel the Electronics System Design & Manufacturing (ESDM) sector and support innovative domestic companies.
"ESDM sector in India, which is predicted to expand at a 16.1 per cent CAGR, presents a golden opportunity for Industries to Make In India for the world and fulfill the Atma Nirbhar Bharat initiatives," Narayan said.
Speaking on the topic 'India's Accelerated ESDM Growth - The Defining Decade' in the 16th edition of Indian Electronics & Semiconductor Association (IESA) Vision Summit- 2021 virtually, he said, "ESDM sector in the country which is predicted to reach USD 220 billion by 2025 has the potential to create 1,000 start-ups, 10,000 IPs (Intellectual Properties), and 10 lakh jobs."
Electronics production has the potential to generate around 1 crore jobs by 2050. Numerous domains and sectors in India such as Agritech, Medical devices, telemedicine, Industry 4.0, Consumer electronics, Space & Defense are dependent on the way Indian Electronics Industry flourishes, according to him.
Noting that the electronics market size in India is over USD 300 billion and the country's share in the global electronics manufacturing consistently growing since in 2012, Narayan said though currently India has more than 100 Semiconductor Design services companies offering semiconductor design to its global customers, it needs to go still further to become self-sufficient in designing and manufacturing semiconductors.
Citing the Centre's policy initiatives while expressing confidence that there will be a thrust for manufacturing of silicon and compound semiconductor chips in the country, he said the state with the intention of creating a suitable ecosystem has sector-specific policies including Engineering R& D policy, KDEM, Beyond Bengaluru, among others.
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K’taka CM, DK Shivakumar meet Jal Shakti minister, seeks approval for water projects
New Delhi, Apr 3 (PTI): Karnataka Chief Minister Siddarmaiah and Deputy CM D K Shivakumar met Union Jal Shakti Minister C R Patil on Thursday to seek approval for the Mekedatu and Upper Bhadra projects.
In the meeting, Siddarmaiah informed that Karnataka has the second largest dryland area in the country after Rajasthan. The irrigation projects taken up and being implemented in Karnataka have played a vital role in transforming agricultural landscape.
Siddarmaiah urged the Union minister to intervene in the matter and direct officials concerned to provide necessary clearances and approvals for the projects, according to the letter submitted to the Union minister.
The Mekedatu project, proposed near Kanakapura in Ramanagar district, aims to build 66 TMC (thousand million cubic feet) balancing reservoir. The project faces opposition from Tamil Nadu, a low riparian state, which claims it will obstruct the natural flow of Cauvery River water.
The Upper Bhadra project is designed to support irrigation in drought-prone regions of central Karnataka, covering districts like Chikkamagaluru, Chitradurga, Tumakuru and Davangere. The project's progress is hindered by the lack of funding and the delay in declaring it a 'national project'.
Both projects face significant challenges, including funding issues and inter-state disputes.
Union Minister of State for Jal Shakti V Somanna and other senior officials were also present in the meeting.
