Tier 2-3 cities will drive $300 bn IT dream: Karnataka Dy CM Ashwath Narayan

Karnataka Deputy Chief Minister C N Ashwath Narayan said Tier-2/3 cities will propel Karnataka towards its goal of becoming a $300 billion (Rs 22.26 lakh crore) digital economy over the next five years, helping the state maintain its lead in the IT sector which has so far been driven by Bengaluru.

“Karnataka’s digital economy is already worth $52 billion (Rs 3.85 lakh crore). Over the next five years, we are looking at achieving $300 billion business from the IT/ITeS sectors. The government has initiated several measures to achieve this target,” Narayan said on Thursday at the inaugural session of the 23rd Bengaluru Tech Summit.

He said the government is encouraging investors to go beyond Bengaluru and look at Tier-2/3 cities, which he said will contribute substantially towards achieving this target.