Thread by @drashwathcn

A new chapter in the enhancement of R&D in Karnataka!

Delighted that Engineering R&D Policy 2021 has been launched in partnership with @nasscom in the presence of @kris_sg, Chairman, IT Vision Group, T.M.Vijay Bhaskar, Chairman, KAR, and officials from @ITBTGoK.

1/11

Karnataka, continuing to walk in the footsteps of Sir M Visvesvaraya, is today the leading contributor to the Indian Engineering R&D revenue. I am proud to say that the state is home to over 400 leading organisations.

2/11

Karnataka is also home to a thriving multi-disciplinary innovation ecosystem. To further elevate the conducive platform for research in the state, Government of Karnataka has yet again pioneered by launching the new ER&D Policy.

@CMofKarnataka @nasscom @debjani_ghosh_

3/11

This new policy will enable Karnataka to contribute about 45% of India's ER&D economy encouraging leading global firms to choose Karnataka as their "preferred ER&D destination". This will eventually create ~50K new jobs in the sector in the state.

@PMOIndia @narendramodi

4/11

The policy provides scope for multi-disciplinary R&D initiatives to foster a research-friendly environment in the state. The verticals prioritised are as shown below:

5/11

The policy ably bridges the gaps between industry and academia providing thrust to industrial application of academic research, ER&D and skills courses. This will further promote incorporating these courses in the engineering curriculum in the state.

@EduMinOfIndia

6/11

The policy also facilitates the #BeyondBengaluru vision of the GOK fuelling ER&D in Tier 2 & Tier 3 cities of the state. This will boost domestic manufacturing capabilities & uphold the spirit of #MakeInIndia.

@PMOIndia @rsprasad @makeinindia

#AatmaNirbharBharat

7/11

The policy will incentivise MNCs to establish & expand their R&D centres #BeyondBengaluru in the forms of rental reimbursements, recruitment assistance and investment subsidies.

8/11

These incentives will be considered on a case-to-case basis for ER&D centres providing employment of greater than or equal to 3000, or centres with an investment size of INR 250 Cr and above.

@CMofKarnataka @BSYBJP @GoI_MeitY

9/11

With this policy, we aim to ensure that Karnataka retains its lead in the ER&D sector, has more IPs and transforms into Global ER&D Destination of Choice; and eventually becoming a vibrant Knowledge Economy.

Read the policy details here:
we.tl/t-93ApxYxeTH

10/11

I thank all participating stakeholders who are involved in formulating this new policy. It is for their dedicated efforts & commitment that we are able to have another feather to the cap of Karnataka's technology & innovation ecosystem.

@nasscom @debjani_ghosh_ @ITBTGoK

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