Bangalore, November 30 2023: The 26th Edition of Bengaluru Tech Summit 2023, organized by the Department of Electronics, IT, Bt, Government of Karnataka and Software Technology Parks of India, Bengaluru, was inaugurated by Chief Minister of Karnataka Siddaramaiah, at Bangalore Palace yesterday.
This year's theme, 'Breaking Boundaries,' sets the stage for a dynamic convergence of tech leaders, startups, investors, and research labs from 30+ countries.
The inaugural ceremony was attended by Priyank Kharge, Minister for Information Technology & Biotechnology Govt. of Karnataka, M B Patil, Minister for Large & Medium Industries, N S Boseraju, Minister of Science & Technology, Vandita Sharma, Chief Secretary, Govt. of Karnataka; Dr. Ekroop Caur, Secretary Dept. of Electronics, IT, BT and S&T, Shailendra Tyagi, Director, STPI- Bengaluru; and Shri Darshan H.VManaging Director - Karnataka Innovation and Technology Society (KITS).
Distinguished guests at the inaugural ceremony included international dignitaries such as Bagdat Mussin, Minister of Digital Development, Innovations, and Aerospace Industry of Kazakhstan and Mark Papermaster, EVP & CTO of AMD
The Chief Minister of Karnataka said “Our state, having over 5,500 IT/ITES companies and 750 multinational corporations, contributes around US$ 85 billion to the nation's exports. Bengaluru, the Silicon Valley of India, ranks 8th in the Global Startup Ecosystem Index. Our commitment to innovation is evident in our top rankings in Niti Ayog’s India Innovation Index and DPIIT's ranking. Karnataka is a preferred destination for global capability centers, hosting 40% of GCCs in India. We have pioneered sector-specific policies in IT, biotechnology, and startups. At the Bengaluru Tech Summit, we will unveil the revised Biotech Policy and launch the AVGC-XR Policy, showcasing our progressive approach.
Priyank Kharge, said, "A landmark achievement in the technological landscape, today we proudly celebrate the 26th edition of the Bengaluru Tech Summit. With the theme 'Breaking Boundaries,' our aim is to inspire global tech communities, fostering innovation and collaboration. Karnataka's evolution into the world's fourth-largest tech cluster, transitioning from a BPO hub to an R&D and innovation epicenter, is noteworthy. From being India’s Most Innovative State to leading in the India Manufacturing Innovation Index, we take pride in our achievements. With a 38% share in FDI inflows and a #8 ranking in the Global Startup Ecosystem Index 2023, Karnataka dominates key sectors like Electronics Design (40%), Machine Tools manufacturing (52%), Aerospace & Defence manufacturing (65%), and Biotech production & exports (60%). Our thriving startup ecosystem, contributing to a $164 billion valuation, solidifies Karnataka as a global innovation hub. The new Biotech Policy aims for exponential growth, synergizing with state policies, and the AVGC-XR Policy establishes Karnataka as a hub for Animation, Visual Effects, Gaming, and Comics, emphasizing sustainability and inclusivity. Our commitment to skilling, Centers of Excellence, the Global Innovation Alliance (GIA), and Beyond Bengaluru reflects our dedication to global collaboration and ecosystem development. Looking forward, we envision creating an innovation-conducive environment, where Karnataka leads in technology. With collective efforts, we aim to forge a future where technology knows no boundaries. Thank you, and let's shape a limitless technological future together."