Bangalore will become single largest IT cluster by 2020
Oct 21 2013 , Bangalore
"Bangalore, you believe it or not- is going to become the single largest IT cluster on the planet by 2020. We will have 20 lakh IT professionals in one location- namely Bangalore and 60 lakh indirect employment because of that, and Rs four lakh crore exports by 2020," Srivatsa Krishna, Secretary to Government, Department of IT, BT and S&T Government of Karnataka, told reporters here.
"The corresponding figures for today are nine lakh direct employment, 27 lakh indirect employment and Rs 1.65 lakh crore exports today; ....If you see numbers of Chennai and Hyderabad -our neighbours put together- combined don't come up to even half of Karnataka's numbers," he added.
He said this was the primary reason the state government has decided to come out with a new IT, ITeS and innovations policy which the Chief Minister would announce tomorrow.
Krishna was speaking at a press conference organised to share details on Bangalore ITE.Biz scheduled to be held here from October 22 to 24.
ITE.Biz 2013, an initiative of Department of IT, BT and S&T, along with STPI, Bangalore- is to be attended by IT and electronics majors, policymakers, MSMEs and start-ups and academia.
Pointing out that Bangalore ITE is in its 16th edition, Krishna said the difference this time around was that the focus would be away from traditional IT and ITes.
"The focus is on electronics which is increasingly becoming major part of IT. The focus will be on start-ups, creating entrepreneurial ecosystem and on bringing together knowledge event and partners who are really redefining the IT space that we know," he added.