Invest in Karnataka : Real Estate Investors and Investments
Innovation now. Growth forever.
Rich in natural resources and at the forefront of technological innovation, Karnataka provides a range of opportunities for investors across industries. A cosmopolitan culture and a highly responsive administration makes it the destination for businesses to flourish.
Karnataka – where the future is made
Karnataka is the bright spot in India’s development. It epitomizes the best of many worlds – a land of ancient heritage, scenic beauty, thriving wildlife, and rich culture. It is also the land of innovation, industrial growth, and a rich talent pool.
Karnataka has an outstanding industrial ecosystem for all major industries to take advantage of:
Karnataka is the Silicon Valley of India
Karnataka is home to 400+ MNCs with global R&D centers
Bangalore alone produces 60% of total value of machine tools manufactured in India
Karnataka is the second highest producer of Special purpose and heavy electrical machinery in India
Karnataka is the second largest chip design hub in the country
Karnataka is the largest software exporter in India
Invest in Karnataka Highlights :
GSDP $230 Bn, almost the size of Vietnam
1st in total exports, among all Indian states
Highest FDI among all states for the period Apr-Jun 2020
4thlargest technology cluster in the world
1st in R&D Centres
1st in Renewable Energy
1st in India Innovation Index
Home to 400 Fortune 500 Companies
Bengaluru- Startup Capital of India
Infrastructure and Logistics
Served by 13 major National Highways; 2nd highest road density among major states in India
Major port at Mangalore along with 9 other minor ports in the state; 300-400 km access to Chennai, JNPT and Krishnapatnam ports
2 International airports and 6 Domestic airports in the state; Bengaluru Airport is the 3rd largest airport in India
Power Surplus State with highest installed capacity of renewable energy (18.8 GW) in country; 63% of installed capacity is renewable
6 ICDs (Inland Container Depots) & 5 CFSs (Container Freight Station) developed in the state
Only State in India to have 2 industrial corridors- CBIC (Chennai-Bengaluru) & BMEC (Bengaluru- Mumbai)
Feasibility study proposed for Hyperloop corridor between Bengaluru Airport and Bengaluru city
Skilled Workforce
Largest workforce at the intersection of advanced manufacturing, building blocks (AI, IoT) and skilled manufacturing craftsmanship
Provision to avail ‘Fixed term employment’ to optimize labor capacity to cater to seasonality
Recent amendments made to facilitate women’s work timings in night shifts, between 7 PM to 6 AM
Overtime limit per quarter increased from 75 to 125 hours with the amendments to the Factories Act
Exemption limit for Industrial Disputes Act increased from 100 to 300 workers
Exemption limit for Contract Labor Act (seeking licenses) increased from 20 to 50 workers
Invest in Karnataka : A Thriving R&D Culture
Accounting for 44% of India’s R&D Centres, Karnataka is now a global leader in technological innovation. Dedicated facilities for various clusters ensures a robust research environment. Karnataka is home to research pioneers like:
Google’s 1st engineering center outside US, focusing on Artificial intelligence and Machine Learning
Intel’s largest design center outside US, focusing on 5G technology
General Electric’s largest R&D center outside US, focusing on reverse innovation and Internet of Things
Samsung’s largest R&D center outside South Korea, focusing on Samsung Gears and AI virtual assistant
Additionally, the state is also paving the way for several aviation research organizations and is working on establishing a research centre for electric vehicles.
History of Karnataka :
First formed in 1956, Karnataka was originally called The State of Mysore before being renamed in 1973. Located in the south western region of the country, Karnataka’s rich history spans several powerful dynasties like the Nanda Empire, the Mauryan Empire, the Kadamba Dynasty and the Chalukya Dynasty to name a few. Despite becoming one of the leaders in industrial innovation in the country, Karnataka has managed to hold on to its history as witnessed by the several historical monuments and regions in the state. From the fast-paced city of Bengaluru to the sprawling hills of Kodagu, Karnataka has something for everyone.
The state is surrounded by the Arabian Sea on one side, and shares its borders with Goa, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu and Kerala .
State at a Glance :
Area : 191,791 Km2
Population : 6.96 Crores
Demographics : 50.9 % Male 49.1 % Female
Density : 319 per Km2
Literacy Rate : 75.36 %
No. of Districts : 30
Culture & Festivals
Karnataka has a lot to offer for people with varied interests. The capital city of Bengaluru is home to some of the best restaurants in the country. The city acts as a gateway to global flavours and local specialities. Bengaluru is also the shopping destination, right from its malls to its busy streets. Of course, as you move across the districts you will experience rich local flavours, unique to Karnataka.
If you are looking for a quiet respite away from the buzz, the hills of Kodagu is where you want to be. Karnataka’s various national parks and wildlife sanctuaries are a haven for nature lovers and wildlife photography enthusiasts from across the world.
Karnataka’s Growth Story & Achievements : Invest in Karnataka
Karnataka has been one of the early adopters of innovation and technology. Bangalore’s growth story as the SIlicon Valley of India is known world over. But Karnataka has also led the way when it comes to other industry sectors. Here is a glimpse of the state’s achievements.
Established Hindustan Aeronautical Limited in 1940.
Fourth-largest manufacturer of automobiles in India
Second- highest producer of special purpose and heavy electrical machinery
Bengaluru ranks as the best place for innovative Biotech startups in India
Millet hub of India
Maximum number of MSMEs registered in the Textile and Apparel sector
Home to two of the thirteen major steel plants in India
Set up the first hydroelectric power generation station in 1902
State of the largest number of tourist destinations in India
Among India’s top states contributing to the electronic industry
Connectivity:
Karnataka has two international airports, namely the Kempegowda International Airport and the Mangalore International Airport along with several domestic airports as well.
The capital city Bengaluru is well-connected by rail to the major cities in India as well to various regions within the state. Apart from Bengaluru, Manguluru is also well-connected to all the major cities in the state. Other major railway stations include Mysore, Shivamogga, Hubbali, and Chamarajanagar.
Karnataka has an extensive road network. 14 national highways and 115 state highways connect the state to other major cities and to key areas within the state.
Karnataka has one major seaport, the New Mangalore Port, and ten minor ports through its coast.
Knowledge, research and innovation hub of Asia and home to 400 Fortune 500 companies
Karnataka is a leader in India’s technology sector, both in terms of investments and exports. It is also a popular investment destination for auto, electronics, food processing, heavy machinery and textiles industries.
Karnataka is well connected to all major markets with 2 international airports,14 national highways and 115 state highways, and a rail network of 3,250 km. The state has a coastline of 300 km with 10 minor ports and one major port in Mangaluru. The Bengaluru – Mumbai Economic Corridor and Chennai – Bengaluru Industrial Corridor pass through the state.
Karnataka is the top recipient state during the F.Y. 2021-22 (upto June, 2021) with 48% share of the total FDI Equity inflows. Karnataka stands 4th in merchandise exports in the national export basket. Exports from the state stood at around $15 bn in 2019-20 which is 5.2% of India’s total exports.
Karnataka stands first in the world to set up a 2,000 MW Solar Park at Pavagada, the largest in the country of which 1,400 MW is operational. The total installed power capacity in the state stands at 28,800 MW.
Prop Headlines is the Largest Land Aggregator in Karnataka for Real Estate Development Projects, Housing Societies, Gated communities, Plotted Development, Special Investment Purpose of Establishing, Schools, Colleges, Varsities
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