Karnataka’s new R&D policy aims to boost research at all levels

The Chief Minister was speaking at the 3rd Edition of ‘Sankalp Se Siddhi’ Conference in which Union Home Minister Amit Shah too participated.

Bengaluru is home to over 400 research and development centres of international repute from genomics to the aerospace sector and no other city in the world could boast of such a huge presence of R&D centres, Bommai said.

On industry in the state, he said, “We have formulated an employment policy which seeks to incentivise industries for the number of jobs provided; similarly the state has prepared a semiconductor policy, electric vehicle policy, and renewable energy policy. Karnataka has signed memorandums of understanding for a total investment of Rs 11 trillion in the renewable energy sector.

“Production of hydrogen fuel and ammonia from seawater is being taken up in the state. Industries have contributed immensely to the development of Karnataka and the state has always recognised it,” Bommai said.

“Karnataka is surging ahead of western nations in IT, BT and high-tech sectors. We have a target of contributing $1 trillion for India’s mission of emerging as a $5 trillion economy. Sectoral plans are being formulated to achieve this,” Bommai claimed, adding that the state has made huge strides in agriculture too.

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