Bengaluru a hub of R&D in the world, says CM Bommai
Bengaluru: Stating that Karnataka is the first State to have a policy for Research and Development activities in the country, Chief Minister Basavaraj Bommai on Wednesday told the investors at the Global Investors Meet (GIM) that Bengaluru has emerged as the hub of Research and Development activities and about 4,000 internationally acclaimed R and D centres have their base in Bengaluru city which no other cities of the world can boast.
At the inauguration of a three-day Global Investors Meet organised at Bangalore Palace grounds here, Bommai said that a policy for R and D activities has been framed and that a policy was needed to encourage R and D activities. The policy, CM said, would benefit from a garage to big industries.
More than 10,000 engineers from all over the world land in Bengaluru to participate in R and D activities, he said and the centres are engaged in R and D works from ground to space.
Bommai said the State already has a policy for Electric Vehicles, semiconductors and this year a policy for R and D activities. He also said that a policy on employment and employees will be happy and well-paid.
The Chief Minister also brought to the notice of the investors that the State’s GST collection has grown and stands as the second highest GST collection States in the country. Previously, he said Karnataka was at 4th position and now reached second position and attributed the GST collection to thrust on economic activities.
He also told the gathering that the State was lagging behind in GST collection in last October-November by about Rs 5,000 crore and in the last six month, GST collection has gone up and exceeded the target by Rs 13,000 crore.
Bommai assured the investors that infrastructure issues in the State will be addressed and appealed to investors to invest and that the investors would reap their rewards in the State.
He told the investors that the more employment they provide, the more the incentives would come to them from the State Government.