The office of the Karnataka Digital Economy Mission was Launched by government in Karnataka.
Points To Note
- The office was inaugurated with the objective of increasing the digital economy contribution to Gross State Domestic Product by 30%.
- Along with the office, the “Beyond Bengaluru” report was also published which will facilitate to achieve the target of increasing the contribution.
- The mission was founded on a public-private partnership (PPP) model. In the mission, the industries like, India Electronics and Semiconductor Association, National Association of Software and Service Companies, The Associated Chambers of Commerce and Industry of India (Assocham) and Vision Group Start-ups have 51 per cent stake.
- 51% stake in industries have been allowed in order to make this office more industry-friendly.
- While 49% of the stake has been kept with the state government.
- The state government will act as a facilitator in the “Karnataka digital economy mission office” rather than an authority.
How digital economy would be strengthened?
To strengthen the digital economy, the state government of Karnataka will focus to improve the connectivity even to remote parts. It will provide 24/7 electricity in those areas. The government will also reduce the rural-urban divide by creating the needed infrastructure.
Aim of KDEM
The Karnataka Digital Economy Mission is aimed at attracting the investments for the Information Technology or Information Technology Enabled Services sector in the state. It also seeks to create 10 lakh jobs by 2025. The office will work to achieve the target with the focus on 5 verticals of Information Technology namely the Innovation & Startups, products & services, Electronic System Design & Manufacturing, ‘Beyond Bengaluru’, and ‘Talent Accelerator’. The office has been established with the aim of reaching to the goal of $150 billion in Information Technology exports through the state. It also wants to make Karnataka a $300 billion economy by 2025.