Karnataka govt bats for promoting inclusive growth through innovation

Karnataka govt bats for promoting inclusive growth through innovation

 Inaugurating the 10th India Innovation Summit organised by the Confederation of Indian Industry (CII) on Friday, Karnataka Chief Minister Siddaramiah announced a slew of measures for promoting inclusive growth through innovation, including long-term policies for industrial and infrastructure development beginning this year.

“My government will soon launch a new industrial policy covering a five year period from this year. The updated 2014-19 policy will create a robust framework for industries while taking into account the rapid changes that the state has been witnessing,” he said.

Acknowledging the inputs provided by CII in formulating the new industrial and infrastructure policies, he asserted these will aid existing and prospective companies looking for  new investments.

Develop IT sector

“CII’s policy recommendations has always been proactive in promoting inclusive growth and bridging  disparities,” Siddaramiah said.

Renewing his government’s commitment to further developing the IT sector, Siddaramiah said, “Karnataka’s i4 policy covering IT, ITeS, Innovation  and Incentives, will make the state, Bangalore in particular, the most preferred destination for global investment.”

Welcoming delegates, CII Karnataka Chairman Sandeep Maini said the Innovation Summit has been timed appropriately as the country is moving forward from the economic slump that severely curtailed its growth potential.

“Innovation is the most vital lever in this connection. The whole gambit of innovation had to be leveraged in terms of ecosystem, government policies, and organisational strategies to achieve inclusive growth. Anything less would not bridge the gap,” Maini said.

Govt ties up with Snapdeal

As part of its efforts to sell goods of small and medium enterprises from the state to the entire world, Karnataka has partnered with online marketplace Snapdeal to set up a platform and is in the process of doing the same with Amazon also.

Speaking at the 10th India Innovation Summit 2014, Department of IT, BT and Science and Technology secretary for Karnataka Srivatsa Krishna said. “In one step they can reach the whole world from wherever they are in Karnataka and we have to take connectivity to every district, even going down to every taluk.”

“They can actually be part of the large global market, which I think will be a huge step forward,” Krishna said at the Summit.

Later, speaking to reporters, Krishna said, “It is a simple platform, a replica of a Snapdeal platform but with the government of Karnataka and Snapdeal together will design it."

To a question on investment, he said, “Snapdeal and Amazon have already their platform. The need now is to just create another store on top of it.”