Karnataka govt aims to make state hub of Indian startups: Minister Ashwathnarayan

Bengaluru: Karnataka Minister for Science and Technology Ashwathnarayan CN on Thursday said that the state government aims to make Karnataka the hub of Indian startups to support innovative domestic companies.

The minister said this statement while addressing an event virtually on the topic ‘India’s Accelerated Electronics System Development and Maintenance (ESDM) Growth – The Defining Decade’ in the 16th edition of the Indian Electronics and Semiconductor Association (IESA) Vision Summit- 2021, the press statement issued by the state government said.

“ESDM sector in the country which is predicted to reach the US $ 220 billion by 2025 has the potential to create 1,000 start-ups, 10,000 IPs (Intellectual Properties), and 10 lakh jobs,” the Minister said.