Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, and over 4000 start-ups have received investments of $1 billion over the past two years, Karnataka Governor Vajubhai Vala said. In his customary address to the joint sitting of the state legislature reflecting government’s policies and priorities, he said public transport and scientific traffic management are essential to address the traffic problems faced by this IT city. Also Read - BYJU's Early Learn app takes kindergarten classes online using Disney characters and computer-vision frameworkAlso Read - Oppo signs MoU with Telangana to help startups grow
“Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, which are growing at a rate of 10% to 12% a year and creating new avenues for employment,” Vala said.
He said “With the launching of a new start-up policy the state has retained its lead as one of the start-up capitals of the world. Over 4000 start-ups have received investments of over $1 billion over the past 2 years.” The Governor in his speech also sought to address Bengaluru’s traffic issues by listing out the steps taken by the state government to mitigate it. ALSO READ: Micromax announces $75 million fund to invest in consumer internet startups
Pointing out that the World Economic Forum recently rated Bengaluru as the world’s most dynamic city, he said “public transport and scientific traffic management are essential to address (its) traffic problem.
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