HomeNewsBusinessHave to expand beyond Bengaluru to touch $150 billion IT exports: Karnataka IT minister Ashwath Narayan

Have to expand beyond Bengaluru to touch $150 billion IT exports: Karnataka IT minister Ashwath Narayan

Ashwath Narayan wants to scale up IT exports to $150 billion in the next 3-4 years, which he says is an achievable target.

August 02, 2022 / 16:10 IST
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Dr CN Ashwathnarayan
Dr CN Ashwathnarayan

Bengaluru may be India's startup and technology hub but its crumbling infrastructure and traffic woes are making the state government look beyond the Garden City to attract future investments.

In an interview with Moneycontrol, Karnataka's IT & BT (infotech and biotech) minister CN Ashwath Narayan said the aim is to increase IT exports to $150 billion in the next 3-4 years but this will come by expanding beyond Bengaluru. The state’s current IT exports are around $65 billion.

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“If we want to reach $150 billion, it cannot happen only in Bengaluru, we need to take it beyond. What we have targeted are achievable numbers,”he said.

Karnataka announced its Beyond Bengaluru programme in November 2020 as part of which it looked to create tech jobs outside of India’s Silicon Valley as well as set up hubs in the state depending on the industry to push innovation. The Beyond Bengaluru programme was created under the Karnataka Digital Economy Mission (KDEM), a non-profit organisation created to serve as a knowledge bridge between the state government and industry.