Course Summary:
Doing Business in Bangalore Karnataka, eighth-largest state, both in terms of area and population; IT powerhouse India Silicon Valley. Foreign Direct Investment FDI
Karnataka is India's eighth-largest state, both in terms of area and population.
It is best known as India’s IT powerhouse or the Silicon State of India.
Karnataka is among the leaders in economic growth in
India.
Employment and per capita income levels are high and almost the entire
population has access to education and health facilities.
Although agriculture is the mainstay of the population, the services and
industrial sectors have shown significant growth attracting major companies from
all over the world. Today, the services sector contributes the maximum to
the state's income.
Karnataka's capital city, Bangalore, is known as the 'IT Capital of
India' and is the fourth largest technology hub in the world.
Karnataka's Information Technology (IT) sector contributed 36 per
cent to the country's total software exports. Karnataka's software and BPO
exports touched US$ 4 billion in 2003-04, a 46 per cent jump over US$ 2.6
billion in 2002-03.
Karnataka possesses a vast pool of IT professionals and some of the country's
best academic and premier research institutions. The state is a preferred hub
for R&D with several multinational and domestic companies. It has over 100 R&D
organizations. Karnataka also has the highest number of biotech companies in the
country.
Sample of the Course:
The state has been proactive in encouraging private participation in various
sectors. Karnataka is the fourth largest recipient of FDI in the country. In
2004, it attracted FDI to the tune of US$ 5.4 billion for 160 projects. Investor
friendly policies have spurred the growth of MNCs in various sectors in the
state.
Majority of IT activity in Karnataka is concentrated in Bangalore. NASDAQ
opened its office in Bangalore on Feb 12, 2001. Karnataka has a strong base
in VLSI, Telecom and other high technology services, out of which more than 150
companies are foreign equity companies. There are more than 100
multinational companies that have set-up operation in Bangalore.
In the year 2001 Bangalore saw a cumulative investment of around US $1.3 billion
in the software industry. About 146 new software industries during 2001 and
about 110 during 2002 have been established and the total number of software
professionals is over 80,000. During 2002-03 about 116 new Software Technology
Park Units were established.
Information Technology industries will be exempt from payment of Entry
Tax on computer hardware, computer peripherals and other capital goods including
captive power generation sets, during implementation stage which can be extended
up to 5 years from the date of commencement of implementations.
Infosys has a global footprint with offices in 22 countries and
development centers in India, China, Australia, UK,
Canada and
Japan. Infosys
has over 80,000 employees of 66 nationalities. Fortune magazine ranked Infosys #
10 in its ‘Top Companies for Leaders 2007’ list. The magazine conducted a survey
of companies who “inspire, nurture and empower a new generation of global
leaders.” Fortune partnered with Hewitt Associates and the RBL Group, and
evaluated 550 companies that groom future leaders.
Gujarat - Andhra Pradesh
- India Scholarships
Business, Bangalore, Karnataka, India, Economy, Foreign, Trade, Invest, FDI, IT, powerhouse, India Silicon, Valley, Foreign, Direct, Investment, Master, International Business
