Mysuru is all set to become the Semicon Valley of India having attracted investments worth Rs 1400 crore for development of the Mysuru cluster. The area will be able to provide employment to at least 12,000 people.
According to C N Ashwath Narayan, Minister for IT & BT, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, “Mysuru cluster has garnered investor interest of INR 1400 crore to develop Electronics Manufacturing Clusters. This is also expected to generate more than 12,000 jobs. The government will aim to work toward fulfilling demands of the industry and developing the Mysuru ecosystem.”
The Mysuru cluster comprises Mandya, Ramnagara and Chamarajanagar in addition to Mysuru.
The aim is to facilitate Mysuru becoming the Semicon Valley of India even while ensuring a conducive environment for semiconductor manufacturing. The area will have its own international airport in the future, in addition to a Centre of Excellence on robotics and metaverse, a Karnataka Skills University, IIT as well as AIIMS. It will also have 100 per cent green public transport, and will work towards becoming the cleanest city in the country.
Mysuru district alone is reported to have generated a revenue of Rs 2,23,305 in 2019-20 period. It has more than 10 renowned academic institutions and a talent pool that is about 88,000 strong. It has already onboarded over 120 startups and has 30 per cent women entrepreneurs.
As per estimates, by the year 2030, the cities of Beyond Bengaluru will contribute $10 Bn towards the IT industry, with an employment potential of about 10,00,000 people and establishment of about 10,000 startups.
These figures were revealed during the two-day Big Tech Show, conducted by Karnataka Digital Empowerment Mission (KDEM) to bring together industry leaders, policy makers, R&D community, and members of the startup community to ignite the next wave of development from the Beyond Bengaluru cluster of Mysuru. The Show was a pre-cursor to the Karnataka government’s Bengaluru Tech Summit 2022 to be held from 16 to 18 November.
The Karnataka Digital Economy Mission (KDEM) is a vision group that works with trade associations to implement new policies around various industries including startups. Its Beyond Bengaluru initiative is aimed at working towards the promotion of evolving technology clusters in emerging tech clusters across Karnataka.