The Karnataka cabinet on Monday approved the Karnataka Electronics System Design and Manufacturing Policy 2017-22, aimed at encouraging the hardware sector.
According to PTI, official sources said after the cabinet meeting “We are good in software, but not in hardware, we want to encourage hardware sector also. So the government has come out with this policy,”.
The policy will give thrust to 3D printing, robotics, Internet of things (IoT), Big Data, Artificial intelligence (AI), Machine Learning, Stem Cell Research among others, they said adding that billions of dollars investment is envisaged.
India’s Electronic System Design and Manufacturing industry is forecasted to grow at a Compound Annual Growth Rate of 16-23 per cent to reach USD 171-228 billion by 2020, an industry specific report earlier this year said.
Chief Minister has been authorised by the cabinet today to select the next Chief Secretary as the tenure of Subhash Chandra Khuntia comes to end later this month. Three senior IAS officers who are in the run for the post include Additional Chief Secretaries Ratna Prabha, S K Patnaik and Latha Krishna Rao.
The cabinet has also given its approval for procurement of drugs, chemicals and miscellaneous items for public health institutions during 2017-18 at an estimated cost of Rs 340.47 crore.
Among the other decisions taken by the cabinet include Rs 1 crore towards a fellowship in memory of distinguished sociologist M N Srinivas at University of Oxford; Construction of Bengaluru International Convention Centre in 35 acres near Kempegowda International Airport at Devenahalli at the cost of Rs 1440 crore under public private partnership model. Also approved is constitution of Chalukya Heritage Development and Management Authority.