Bengaluru : Karnataka Chief Minister inaugurated prestigious “26th Edition of Bengaluru Tech Summit 2023”. The three-day summit based on the theme Breaking Boundaries has set the state for convergence of tech leaders, start-ups, investors and research labs from the over 30 countries, to deliberate upon emerging technologies, ideas powering newer digital imperatives and how companies are navigating the future, embracing AI as the game changer.
Addressing delegates CM Siddaramaiah said “The digital divide is reality we must address, ensureing that the benefits of technology reach every citizen, regardless of their background.We aid to bridge this gap utilising the power of data and analytics to drive informed decision-making in governance. Beyond bengaluru is a unique initiative in that direction with the primary focus of developing and enhancing ecosystems in regions beyond Bengaluru and bridging the digital divide”, He added.
Karnataka IT minister Priyank Kharge said, Karnataka IT exports grew a whopping 27% to Rs 3.2 lakh crore in the 2022-23 financial year, taking the state’s share in India’s IT exports to 42%. Karnataka is home to 14,000 startups contributing to an ecosystems valuation of $164 billion. We are home to around 40 unicorns and the promise of upcoming unicorns on the horizon solidifies our position as global innovation hub” he stated.
Rishab Premji, chairman, Wipro, said, when I joined Wipro in 2007,the IT industry was valued at about $47 billion.And last year, it reached almost $245 no;;opm, which means the industry has grown almost five time in last 16 years, the IT industry contributes nearly 8% of the GDP compared to 1% of the GDP about 30 years ago it employs more than 5 million people, with more than 40% of this talent in Karnataka.
Kiran Mazumdar-Shaw, Executive chairman, Biocon said, The Indian biotech sector is poised to become a $150 billion industry by 2030..Karnataka itself contributes to 40% of India’s biotech sector, which is now approaching $80 billion.
Kris Gopalkrishnan, Co-Founder Infosys, said, The Indian IT industry is poised to frow to $350 billion by 2030 from over $200 billion currently. This is a high-growth industry. The global economy is going through a slowdown, these are cycles. Iam confident that in the medium to long term, we will reach the $350 billion mark, he added.
BTS The grand annual affair offered a buffet of innovative delight for delegates and visitors at the three day event .The myriad stalls spread out at the venue gave glimpse of the country’s and especially Karnataka’s growing tech might.
