KDEM will create 10L jobs in IT and related sector by 2025: Karnataka DCM Ashwath Narayan
Bengaluru, Feb 9: 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 on Tuesday.
"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.
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Lucknow Super Giants beat MI by 18 runs in IPL
Mumbai, May 17: Lucknow Super Giants beat Mumbai Indians by 18 runs at Wankhede Stadium on Friday.
Mumbai Indians thus finish last in the 10-team table with only 8 points from 14 games.
Aided by a 109-run partnership between skipper KL Rahul (55 off 41 balls) and Nicholas Pooran (75 off 29 balls), LSG scored a commendable 214 for 6.
The visitors then struck at regular intervals to stop MI at 196 for 6 despite Rohit Sharma's 68 off 38 deliveries and Naman Dhir's reargaurd 62 off 28 balls.
Earlier, Rahul first steadied the innings with Marucs Stoinis (28) after the fall of his opening partner Devdutt Padikkal for a duck and then stitched a century stand with West Indian Pooran, who clobbered eight maximums and five boundaries.
Spinner Piyush Chawla (3/29) and Sri Lankan pacer Nuwan Thusara (3/28) emerged the most successful Mumbai Indians bowlers, grabbing three wickets each.
Brief scores:
Lucknow Super Giants 214 for 6 in 20 overs (Nicholas Pooran 75, KL Rahul 55; Piyush Chawla 3/29, Nuwan Thushara 3/28).
Mumbai Indians 196 for 6 in 20 overs (Rohit Sharma 68, Naman Dhir 62 not out; Ravi Bishnoi 2/37).
