| In the recent times Karnataka has emerged as the knowledge and technology capital of the country making rapid strides in the new economy as well. Karnataka’s capital Bengaluru is globally recognized as the Silicon Valley of Asian region and is considered technology capital and knowledge capital of the country.
Karnataka is among the top five industrial states in the country. The achievements of Karnataka in promoting high-tech industries in key sectors like telecommunication, electronics, information technology, precision engineering, automobiles, readymade garments, bio-technology and food processing have been note worthy. The strong base of large and medium scale industry established in Karnataka has given a wide scope for promotion of vibrant small scale sector in the state providing considerable employment opportunities to the people of Karnataka.
Karnataka has many inherent advantages for investors and offers ample opportunity for investment both from domestic and overseas investors. The State is the leader in knowledge based, technology driven industries like information technology, bio-technology, electronics, telecommunications, aerospace and much else.
Karnataka's pre-eminent position on the industrial and business map of India is based on several factors. The State is rich in natural resources and known for its salubrious climate. It has a strong resource base of highly educated people, backed by an extensive educational infrastructure comprising world-renowned schools, colleges, institutes of higher learning and research and development centres. labour force is highly skilled, disciplined and hardworking. And, above all, it has a far-sighted, development-oriented, investor-friendly government that firmly believes in, and actively encourages, public – private partnerships.
The State is widely recognised as a centre of learning with 12 universities, 135 Engineering colleges, 114 Medical colleges, 916 general colleges, 184 polytechnics and 600 ITIs and other training institutions. The State has more than 100 R&D centres and over 664 MNCs are settled here. The State is linked by air with international centres and also has a wide network of roads, railways, seaports, airports and communication network.