Karnataka ranks first in IT investments
FollowKarnataka has maintained its premier position as far as investments in Information Technology (IT) are concerned.
A whopping ₹2.2 lakh crore has been invested in the IT sector across India, of which ₹53,396 crore has been invested in Karnataka alone. The state has become the most preferred destination among entrepreneurs in the country.
IT investments in Karnataka have shown a steady annual increase of 14%. The investments which stood at ₹14,337 crore in 2005 has escalated to ₹53,396 crore in the last fiscal.
Gujarat stood second in attracting IT investments, jumping from ₹700 crore in 2005 to ₹35,000 crore in 2015-16.
IT investments in other states such as Kerala (13%), Andhra Pradesh (12%), Tamil Nadu (7%), Haryana (5%) too has been recorded.
Karnataka has been making rapid strides in the fields of robotics, semi-conductor chip design, nano technology and advanced materials. A lot of entrepreneurs and industrialists are attracted by the infrastructure and industrial-friendly environment which prevails in the state.
The Associated Chambers of Commerce and Industry in India (ASSOCHAM) said that Karnataka should focus more on creating good quality infrastructure, proper maintenance of roads and other necessary facilities to attract further investments to retain its top position.
