Karnataka is the state to watch out for this year. With the year just beginning, the State has already bagged some key investments and projects. Karnataka has plans to raise close to a whopping Rs 1,00,000 crore. The State is leaving no stone unturned to reap the benefits from the existing climate of business opportunity and economic growth in the country.
The State is aiming at an annual growth rate of 12 percent and to attract investments of Rs 5 lakh crore. With such huge interest in the state and investment flowing in big numbers, they are deeming at providing employment to 15 lakh people in the next five years. The capital city Bengaluru has an enviable climate in the country, supposedly, making it the best place to work.
Some major investments in Bengaluru include big wigs from across the world ranging from technology, telecom, apparel and retail businesses to IT, education and research. That’s some bandwidth that they are covering! The IT and data analytics industry was always at peak in this state. Considering this, the job space in Bengaluru is going to be at an all time high with abundant opportunities in all sectors and avenues.
The support provided by the government to start ups and other SMEs is commendable and continual support is expected henceforth. Huge infrastructural development plans of the state are already in place with investors coming ahead to make it a better place to work and live.
The existing standard of living in this state talks volumes about the jackpot-struck future one can opine to have here. Undoubtedly, Karnataka is already on its way to become the next power bank of India!