Startups

Karnataka IT exports close to $100 bn, Bengaluru Tech Summit begins on Wednesday – Times of India


BENGALURU: IT exports from Karnataka are inching closer to the $100 billion mark compared to $91 billion in the 2022 fiscal, a significant milestone in the state’s tech roadmap. Karnataka is home to over 5,500 IT/ITES companies, employing 18 lakh professionals directly and 55 lakh indirectly.

Karnataka’s IT exports bodes well for the state ahead of the three-day flagship event — Bengaluru Tech Summit 2023 – which begins on Wednesday. The theme for the 26th edition is Breaking Boundaries which sets the stage for a convergence of tech leaders, startups, investors, and research labs from 30 countries.

Bengaluru Tech Summit 2023 will feature a diverse spectrum, encompassing a multi-track conference on IT & electronics, deep tech, startups & biotech, international exhibition, Global Innovation Alliance, India-USA Tech Conclave, R&D-Lab2Market, STPI IT export awards, rural IT quiz, bio quiz and bio posters.

Some of the key speakers include Dr R.A Mashelkar, former director general, Council of Scientific and Industrial Research (CSIR), Nobel laureate and American biologist Dr H Robert Horvitz; among others.

A fireside chat, ‘Legend, Legacy & Leadership,’ featuring Infosys founder NR Narayana Murthy in conversation with Nikhil Kamath, co-founder of Zerodha, is one of the highlights of the event. Other Indian leaders participating in the event include Wipro chairman Rishad Premji, Biocon executive chairperson Kiran Mazumdar-Shaw, Kris Gopalakrishnan, chairman, Vision Group on IT in Karnataka government Prashanth Prakash, chairman, Vision Group on Startups and founding partner of Accel Partners India among others.

The Karnataka government is accelerating its push for the Beyond Bengaluru initiative to encourage companies to expand its footprint outside the city leveraging other talent ecosystems. “The entire world is looking at India and particularly Bengaluru,” said IT minister Priyank Kharge said. “We are not incentivising proposals in Bengaluru, but encouraging companies to look at opportunities outside the city,” he added. He also said the government will refresh and relaunch animation, visual effects, gaming, and comics (AVGC) and biotech policies.

The highlight of this year’s Bengaluru Tech Summit is the Chandrayaan 3 ISRO industry pavilion. The pavilion not only showcases ISRO’s achievements, but also emphasises the contributions of SMEs, startups, and the private sector that contributed to the success of the moon mission. A scale model of Chandrayaan 3 lander will be on display. Also, a geodesic dome, using AR/VR technology, an immersive experience is created to learn about lunar missions, space science, and technology behind Chandrayaan. The summit has over 75 sessions, 400 speakers, 350 startups, 600 exhibitors, and 20,000 business attendees.

Box: Even as the Centre is contemplating new regulations to combat the threat of deepfakes, Karnataka IT minister Priyank Kharge said, “The government’ s priorities are wrong. Deepfakes are a threat to democracy and to society. What is priority is misinformation and fake news. The Supreme Court judge said it’s a problem, so has the Election Commission. Where are you (centre) doing it? You’re doing nothing about the threat at your doorstep. Deepfake is a menace, and we should tackle it. Right now, it’s an expensive thing. The most dangerous thing affecting our society is misinformation,” he said.



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