Karnataka’s new policy for Engineering R&D to create 50,000 employment opportunities
Karnataka’s Department of Electronics, IT & Biotechnology launched the Engineering Research and Development (R&D) Policy 2021. The policy has the aptitude to create 50,000 employment opportunities. The policy may attract investment into the state beyond Bengaluru in the next five years.
The policy developed in partnership with NASSCOM will also look at increasing Karnataka’s contribution to ER&D to 45% in the five-year period.
The policy prioritizes five sectors- aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products.
A new chapter in the enhancement of R&D in Karnataka!
Delighted that Engineering R&D Policy 2021 has been launched in partnership with @nasscom in the presence of @kris_sg, Chairman, IT Vision Group, T.M.Vijay Bhaskar, Chairman, KAR, and officials from @ITBTGoK.
— Dr. Ashwathnarayan C. N. (@drashwathcn) March 2, 2021