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    INDUSTRIAL SUPPORT KARNATAKA

    100 GCCs to adopt 100 colleges; create sector-specific programmes, says Priyank Kharge

    Proposes 100 GCCs adopt 100 colleges and create sector-specific programmes, where 50% of the programme content will be specific to a company or sector, and the remaining for overall knowledge enhancement.

    100 engineering colleges in Karnataka to be 'adopted' by corporates by next year: IT Minister Kharge

    Karnataka's IT Minister announced that 100 engineering colleges will be "adopted" by corporations to enhance student employability. The initiative, part of the 'Nipuna Karnataka' program, aims to equip youth with in-demand skills through collaborations with industry giants like IBM and Microsoft.

    Karnataka CM Siddaramaiah meets UK envoy Lindy Cameron, highlights state's 'highly progressive' industry policy

    Karnataka Chief Minister Siddaramaiah met with British High Commissioner Lindy Cameron to discuss investment opportunities in the state. Cameron confirmed British delegations will attend the Global Investors Meet and Aero India event in February. A scholarship program for female students in Karnataka to study in the UK was also announced.

    "We welcome industries who create jobs in our state": Karnataka Dy CM DK Shivakumar

    Karnataka Deputy Chief Minister DK Shivakumar pledged the government's full support to industries that create jobs in the state. He highlighted Karnataka's resources, including its educational institutions and energy self-sufficiency. Shivakumar praised Industries Minister MB Patil's leadership and acknowledged Sajjan Jindal's contributions to sports through CSR. He also assured the reissuance of BPL cards to eligible families if canceled erroneously.

    Karnataka-DRDO ink pact to support defence startups

    According to the agreement with the government of Karnataka, startups, MSMEs and industries will be given access to DRDO¡¯s testing facilities. This memorandum is signed in the hopes of catering to the future of defence technologies.

    Karnataka inked MoUs bringing in Rs 46,375 crore investments, says CM Siddaramaiah

    Karnataka Chief Minister Siddaramaiah announced that the state has secured Rs 46,375 crore in investments across various sectors, projected to create 27,170 jobs. Speaking at the Indian Institute of Metals meet, he emphasized the state's focus on green technologies and sustainable industrial growth, highlighting Karnataka's commitment to becoming a global leader in advanced manufacturing.

    • Tide partners with Ubuntu Consortium to support over 21,000 women entrepreneurs

      The Consortium has 54 associations which account for more than 21,000 women entrepreneurs representing 11 states.

      Ten newly approved industrial cities to boost India's economic corridors: DPIIT

      India is developing ten new industrial smart cities along its economic corridors, representing a Rs 28,602 crore investment. These cities aim to boost industrial growth and connectivity across various regions, including the densely populated north and the coastal east. The government highlights these corridors as transformative for India's industrial landscape, promoting trade, exports, and balanced regional development.

      Bengaluru Tech Summit: Karnataka launches GCC policy, to create 6k jobs

      The policy aims to generate over 5,000 jobs in Bengaluru, with an additional 1,000 jobs expected in areas beyond the city. ¡°Companies setting up dedicated campuses in these emerging locations will also be eligible for customised incentives, assessed on a case-by-case basis, to drive investment and development in the region,¡± the 72 page policy read.

      Bengaluru Tech Summit: Govt to set up global innovation districts in Bengaluru, Mysuru & Belagavi, says CM

      Karnataka is establishing three global innovation districts in Bengaluru, Mysuru, and Belagavi to bolster its tech and innovation ecosystem, CM Siddaramaiah announced after kicking off the three-day Bengaluru Tech Summit. These districts will attract global capability centres (GCCs) and nurture startups. The state also announced initiatives to skill one lakh people in collaboration with tech giants and establish an electronics manufacturing cluster in Mysuru.

      TiE Bangalore's global summit aims to be catalyst for digital agriculture and innovation in Karnataka

      Our vision is to build a sustainable, inclusive agricultural sector in Karnataka, and we¡¯re establishing a digital agri centre of excellence to foster collaboration and innovation, says Madan Padaki, Chair of TGS24 and President of TiE Bangalore.

      Karnataka govt has approved Tourism Policy 2024-29, says Minister Hebbalkar

      The Karnataka government has sanctioned the Tourism Policy 2024-29 with a Rs 1,349 crore budget for infrastructure development to attract international tourists. Minister Laxmi Hebbalkar also announced educational grants, irrigation projects, and initiatives to promote Kannada language and culture, reflecting the government's comprehensive socio-economic empowerment plans.

      Can Congress' win in Jatland revive grand old party in North India?

      Haryana Assembly Election 2024: The CVoter exit poll has predicted a Congress victory in the Haryana Assembly elections, suggesting the party will win 50¨C58 seats out of the 90-member assembly. If realized, this victory would be a significant milestone for Congress, which has been struggling to regain power in several states. The win is expected to provide a much-needed boost for the INDIA bloc ahead of upcoming elections in other states, while also signalling a shift in political dynamics in Haryana, a crucial agricultural state.

      Bengaluru suffering, says Piyush Goyal; Unwarranted comment, retorts MB Patil

      Karnataka's industries minister MB Patil criticized Union minister Piyush Goyal's comment about aspiring for a new Silicon Valley, asserting Bengaluru already holds that status. Goyal responded, blaming the state government for inadequate infrastructure and urging focus on developing Tumakuru industrial township into a Silicon Valley.

      ET 50 Future Unicorns of Karnataka to be unveiled in Bengaluru at the Soonicorns Summit 2024

      he Economic Times, in collaboration with research partner Tracxn¡ªa data intelligence platform¡ªis proud to present the ¡®ET 50 Future Unicorns of Karnataka¡¯ report. BV Naidu, the keynote speaker for the ET Soonicorns Summit 2024¡ªIndia¡¯s largest congregation of soonicorns¡ªis set to unveil this report on September 20th, 2024. Book your ticket now to witness this unveiling at India¡¯s largest congregation of soonicorns.

      As govt plans to buy soyabean at MSP, industry demands increase in import duties of cooking oils

      The central government will procure soyabean at Minimum Support Price in Maharashtra, Karnataka, and Telangana to support farmers. Meanwhile, the edible oil industry is urging a 15% increase in import duties on cooking oils to counteract cheap imports and stabilize domestic prices.

      Microsoft offers to beef up Karnataka’s single-window system with Gen AI tools

      Microsoft had offered to bring in solution experts to explore how AI can be integrated into investor support processes within the Department of Commerce & Industries, the minister said. This would further strengthen Karnataka's position as one of India's most AI-driven states.

      Bengaluru will lead gaming & animation industry in India: Priyank Kharge

      Karnataka Minister Priyank Kharge discussed the state's efforts to support the AVGC-XR sector and establish Bengaluru as a key global hub. At the GAFX 2025 curtain-raiser, he highlighted the growth potential in gaming and animation. The event, co-organized by the state and ABAI, will be held from February 27 to March 1, 2025.

      Sugar sector: Ethanol price hike & aggressive implementation on the way? 5 sugar stocks with upside potential up to 25%

      On Tuesday when the whole market was crashing, it was select sugar stocks which were amongst the gainers. There were some reports which suggested that the government might soon be hiking the price of ethanol. Also the government would be getting more aggressive with the implementation of blending with petrol. Yes, it might happen, but the question is that whether price hike is the reason why one should be bullish on sugar stocks or the fact that sugar industry has become a part of the clean energy chain and their balance sheet has become better than what it use to be, debt levels are better and growth would be consistent. Knowing the reason and understanding is critical because when you know the reason it helps in staying with stocks till the time the whole growth story plays out, if one does not know the reason and has bought it on hear say one might just sell in any corrective move which market is bound to witness at regular intervals.

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