Bengaluru:Chief Minister Siddaramaiah on Wednesday said the state government would make adequate investment to create a conducive environment not only to establish technology companies but also help them prosper.
Speaking after inaugurating NetApp campus near Hoodi in Bengaluru, the chief minister said the recent announcement regarding the extension of the Namma Metro from Byappanahalli to Whitefield that facilitates the commuting of employees was one example of state government’s staunch support to the industrial fraternity. “It is truly praise-worthy that NetApp has exhibited its unflinching commitment in creating a world-class, state-of-the-art workspace that offers its employees an ambience encouraging constant innovation that assures a future that they would be justifiably proud of. George Kurian, the CEO of NetApp, is an illustrious son of the soil, who has made it big on the global platform. It is a matter of great pride for all of us that he has chosen Bengaluru to make an investment of Rs 1000 crore. It is my fervent wish that many more companies will come forward to build these kind of facilities in Bengaluru which are not only employee-friendly, but also environmentally sustainable,’’ the chief minister said.
He said the Information Technology sector has been earning a revenue to the tune of $50 billion with a growth rate of 24 per cent and Karnataka has an industrial output of $ 61.5 billion and a cumulative Foreign Direct Investment of over $20 billion in the last five years. “Karnataka is naturally the widely accepted and indisputable leader in Information Technology and Bio-Technology sectors. Bengaluru is one of the largest global tech hubs and is the Start-up Capital of India. With more than 400 Research and Development Centers, Bengaluru is the home for 3,500 companies and nearly 750 multi-national companies, which offer direct employment to one million people,’’ he said.