He said Karnataka<\/a> has been at the national forefront in harnessing the benefits of Biotechnology for the past two decades. One of the key goals of the State is to achieve 50% market share of the national bioeconomy target of USD 100 Billion by the year 2025 and necessary steps have already been taken.
The CM was addressing the inaugural ceremony of Bengaluru Tech Summit 2020<\/a> on Thursday amid the presence of Australia Prime Minister Scott Morrison and Swiss Confederation Vice President Guy Parmelin.
According to official communication, as many as 25 countries are taking part in the three-day Tech Summit, which was launched by Prime Minister Narendra Modi<\/a> on Thursday. Bengaluru Tech Summit<\/a> is a platform to showcase the strengths and opportunities of Karnataka, and collaborate with industry, academia and governments from across the country and the world.
The CM said India is one of the fastest growing economies and is currently ranked as the world’s sixth largest economy. Given the COVID-19 pandemic, digital transformation is now happening at a rapid pace, making programmes such as 'Make in India', and 'Digital India' more important than ever before, he said.
Stating that PM Modi has a great vision for India, the CM reiterated Karnataka’s commitment to participate in Atma Nirbharat Bharat<\/a>’s vision. “We are keen on making Karnataka the most attractive destination for investment, particularly for high-end technologies. Karnataka has one of the most progressive startup ecosystems in India. Four out of Seven of the Indian startups that became unicorns in the year 2020 are from Bengaluru.”|
“The Karnataka government has taken a number of steps to enhance the overall business environment of the State. Amendments to labour and land laws, establishment of Karnataka Digital Economy Mission, setting up of Karnataka Innovation Authority are some of the major steps taken in this direction,” he added.
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