         • The state contributed 5.6 per cent to the GSDP of India in 2013-14. 6th largest state in terms • Average GSDP growth rate between 2004-05 and 2013-14 was about 14.9** per cent. of GDP size in 2013-14 • The per capita GSDP increased to US$ 1,585.5, expanding at a CAGR of 13.7** per cent between 2004-05 and 2013-14.

• Karnataka is the IT hub of India and home to the fourth largest technology cluster in the world. • The state contributed US$ 29.5 billion to India‟s electronics and software exports in 2013– IT hub of India 14. • Karnataka has 47 IT/ITeS SEZs, three software technology parks and dedicated IT investment regions.

• Karnataka has vibrant automobile, agro, aerospace, textile & garment, biotech and heavy engineering industries. Vibrant industrial base • The state has sector-specific SEZs for key industries such as IT, biotechnology, engineering, food processing and aerospace. An ITIR, spread across 10,000 acres, is being developed near BIA.

• A conducive business environment has helped the state rank fifth in terms of attracting One of the preferred private sector investments in India, as of December 2012. • Total outstanding investments amounted to US$ 171.0*** billion in 2013-14, while investment destinations cumulative FDI inflows from April 2000 to November 2014 stood at US$ 14.2 billion, the fourth highest in India.

Source: Global Investors Meet 2012, Department of IT, BT and S&T, Karnataka, ASSOCHAM Report, Planning Commission Databook 2013-14, DIPP, CMIE Visvesvaraya Trade Promotion Centre, ITIR, BIA: Bengaluru International Airport, **In Indian rupee terms, ***At 2013-14 rates • Karnataka is the sole producer of felsites and the leading producer of iron ore, chromite, Vast natural resource and dunite and contributes 99.5 per cent to India's total gold production. pool • Karnataka hosts 78.0 per cent of vanadium ore, 74.0 per cent of iron ore (magnetite), 42.0 per cent of tungsten ore and 38.0 per cent of asbestos reserves in India.

• Karnataka has 43 universities, 4,676 pre-university colleges, 210* engineering colleges Strong knowledge and 297* polytechnics, 46 medical colleges and 38 dental colleges. infrastructure • The state also houses 401 R&D centres; around 400 of the Fortune Global 500 companies outsource their IT services to firms in Bengaluru.

• Karnataka accounts for 69.3 per cent of the coffee production in India; coffee exports from Contributes 7 per cent Karnataka stood at US$ 596.9 million in 2013-14. to the agricultural • The state is the 5th largest producer of fruits in the country and the fourth largest producer production of India of spices. • Karnataka is also the third largest producer of plantation crops in the country.

• Karnataka boasts of a diverse flora and fauna and a 320 km natural coast line, which Number 4 in terms of makes it a nature tourist's paradise. tourist arrivals in India • The state has World Heritage Sites at Hampi and Pattadakal.

Source: Indian Minerals Yearbook 2014, Global Investors Meet 2012, Economic Survey of Karnataka 2013-14, Visvesvarya Industrial Trade Centre, Bounteous Karnataka * Till March 2013 HighGrowing economic demand growth Rich talent pool 2020 2013-14 • GSDP expanded at a CAGR of • Karnataka is termed as the target 14.9* per cent between 2004-05 Knowledge Capital of India. and 2013-14. • The state has successfully IT exports: IT exports: • Buoyant services (IT, tourism) and attracted skilled labour, especially, US$ 73.7 US$ 29.5 industries driving economic growth. in the knowledge sector. billion** billion • Sector specific SEZs and SIRs Karnataka is among the states facilitating growth. that produce a large number of doctors, engineers and medical technicians in the country.

Advantage Karnataka Infrastructure Policy support

• Well-developed social, physical • Wide range of fiscal and policy and industrial infrastructure. incentives for businesses under the • Good road, rail, water and air Karnataka Industrial Policy, 2014– connectivity and substantial port 19. infrastructure. • Investor-friendly sector-specific • Well-developed telecom policies to promote industries such infrastructure. as IT, biotechnology, tourism and • Excellent healthcare facilities. manufacturing. • Simplified procedures for investment.

Source: Karnataka Udyog Mitra, Planning Commission Databook 2013–14, D&B Cluster State Overview, CMIE, Karnataka Vision 2020, Department of Industrial Policy and Promotion, Visvesvaraya Trade Promotion Centre, *In Indian Rupee terms, **At 2013-14 rates, includes electronics and computer software • Build infrastructure to boost • Develop the state as a vibrant productive potential of the knowledge society. economy. • Focus on job oriented growth • Various metro rail and mono through skill development of the rail projects are in progress. workforce.

• Increase rural incomes • Better governance through Education/ through greater viability of Infrastructure wider participation and deep Skill agriculture and allied activities. democratic decentralisation. development • Bridge the gap between • Encourage transparency and Poor and accountability. socially backward and backward Governance vulnerable groups and rest classes of the people. Vision 2020 • Build and sustain Bangalore‟s Healthcare/ Industry leadership in science, Social technology and knowledge amenities • Improve access and based industries. Women availability of quality Tourism • Achieve a sustainable and healthcare for all. empowerment orderly process of industrialisation and urbanisation. • Preserve and promote • Enhance opportunities and Karnataka‟s rich heritage. empower women across • Karnataka Tourism Vision economic, social and Group (KTVG) was set up in political spheres. October 2013 to advise on promoting tourism in state. Source: State Planning Department Some of the prominent cities in the state are Ankola, Bengaluru, Bagalkot, Belgaum, Bidar, Bijapur, Chikmagalur, Chitradurga, Dandeli, Hubli-Dharwad, Mangalore, Mysore and Shimoga.

Karnataka has a tropical climate with three major seasons: warm and dry from February to May, monsoon from June to October and winter from November to January.

Parameters Karnataka Capital Bengaluru

Source: Maps of India Geographical area (sq km) 192,000 Administrative districts (No) 30

Karnataka is located in the southern region of India. The Population density (persons per sq km) 319 state is surrounded by the Arabian Sea in the west, Goa in the northwest, Maharashtra in the north, Andhra Pradesh in Total population (million) 61.1 the east, Tamil Nadu in the southeast, and Kerala in the Sex ratio (females per 1,000 males) 973 southwest. Literacy rate (%) 75.4 Languages spoken are Kannada, Tulu, Kodava, Hindi and Male literacy rate 82.5 English. Female literacy rate 68.1

Source: Economic Survey of Karnataka 2013-14, Census 2011 Parameter Karnataka All states Source

Economy 2012-13 2013-14

Planning Commission Databook, 2013–14, GSDP as a percentage of all states‟ GSDP 5.6 100.0 current prices

Planning Commission Databook, November GSDP CAGR (%)* 14.9 11.54 2014, current prices Planning Commission Databook, December Per capita GSDP (US$) 1,585.5 1,833.24 2014, current prices Physical Infrastructure

Installed power capacity (MW) 14,269.8 258,701.45 Central Electricity Authority, as of January 2015

Telecom Regulatory Authority of India, as of Wireless subscribers (No) 56,514,721 930,200,000 September 2014 Telecom Regulatory Authority of India, as of Broadband subscribers (No) 3,389,610** 75,730,000 September 2014

National Highway length (km) 6,294.3 96,260 National Highway Authority of India

Major and minor ports (No) 1+10 13+187 Indian Ports Association

Airports (No) 5*** 133 Airports Authority of India

*In Indian rupee terms for the period 2004-05 to 2013-14, **As of March 2014 indiastat.com, ***Includes only operational airports Parameter Karnataka All states Source

Social Indicators

Literacy rate (%) 75.4 74.0 Planning Commission Databook, June 2014

SRS Bulletin (www.censusindia.gov.in), Birth rate (per 1,000 population) 18.3 21.4 September 2014 Investment

Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 14.66 238.6 April 2000 to December 2014

Outstanding investments (US$ billion) 171.0 2,414.2 CMIE (2013-14)

Industrial Infrastructure

PPP projects (No)* 134 1,339 www.pppindiadatabase.com

Notified SEZs as of 5th December 2014, SEZs (No) 39 352 www.sezindia.nic.in

PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System *As of January 2011 At current prices, the Gross State Domestic Product GSDP of Karnataka at current prices (US$ billion) (GSDP) of Karnataka was about US$ 96.7 billion in 2013- 14. 94.6 95.6 96.7 CAGR: 90.0 The average GSDP growth rate between 2004-05 and 14.9%* 71.2 67.2 67.3 2013-14 was about 14.9* per cent. 50.3 44.4 37.2 Growth has been mainly driven by secondary and tertiary

sectors.

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Source: Planning Commission Databook, October 2014 *In Indian Rupee terms The Net State Domestic Product (NSDP) of Karnataka was NSDP of Karnataka at current prices (US$ billion) about US$ 85.7 billion in 2013-14. 85.1 80.7 84.5 85.7 The average NSDP growth rate between 2004-05 and CAGR: 63.4 2013-14 was 14.8* per cent. 14.8%* 60.3 60.4 45.2 39.6

33.2

2009-2010 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2010-2011 2011-2012 2012-2013 2013-2014

Source: Planning Commission Databook, October 2014 *In Indian Rupee terms The state‟s per capita GSDP in 2013-14 was US$ 1,585.5. GSDP per capita of Karnataka at current prices (US$) The per capita GSDP increased at a Compound Annual 1,582 1,583 1,585 Growth Rate (CAGR) of 13.7* per cent between 2004-05 1,522 and 2013-14. CAGR: 1,216 13.7%* 1,173 1,161 889 793

673

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Source: Planning Commission Databook, October 2014 *In Indian Rupee terms The state‟s per capita NSDP in 2013-14 was US$ 1,405.3. NSDP per capita of Karnataka at current prices (US$) The per capita NSDP increased at a CAGR of 13.6* per CAGR: cent between 2004-05 and 2013-14. 1,365 1,414 1,410 1,405 13.6%* 1,053 1,083 1,042 797 708

600

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Source: Planning Commission Databook, October 2014 *In Indian Rupee terms In 2013-14, the tertiary sector contributed 61.4 per cent to GSDP composition by sector the state‟s GSDP at current prices, followed by the secondary sector (23.8 per cent) and primary sector (14.8 CAGR per cent). 51.0 17.3*% 61.4 At a CAGR of 17.3* per cent, the tertiary sector has been the fastest growing among the three sectors from 2004-05 to 2013-14. The growth has been driven by trade, hotels, real estate, finance, insurance, transport, communications 29.1 12.4*% 23.8 and other services. 19.9 11.2*% 14.8 The secondary sector grew at a CAGR of 12.4* per cent 2004-05 2013-14 between 2004-05 and 2013-14. This was driven by manufacturing, construction and electricity, gas & water Primary Sector Secondary Sector Tertiary Sector supply.

Source: CMIE The primary sector grew at a CAGR of 11.2* per cent *Growth rate in INR terms between 2004-05 and 2013-14. Sugarcane was the major crop of the state with production estimates of about 40.4 million tonnes in 2013-14. Annual production Crop estimate^ in The state‟s food grain production is estimated to be 13.1 2013-14 („000 tonnes) million tonnes in 2013-14. Sugarcane 40,375

Maize 4,573 Major oilseeds production is estimated to be 1.2 million tonnes in 2013-14. Rice 3,823 Banana 2,656 Production of cereals and pulses in the state is estimated to Coconut^^ 4,408.3 be 11.6 million tonnes and 1.4 million tonnes, respectively, in 2013-14. Sorghum (jowar) 1,391 Cotton* 1,299 In 2013-14, total production of major fruits in the state is estimated at 6.9 million tonnes. Groundnut 564 Wheat 240 Total fruits production in the state is estimated at 6.9 million Total pulses 1,418 tonnes in 2013-14. Total major oilseeds 1,168

Source: Economic Survey of Karnataka 2013-14, Department of Horticulture, Karnataka Agriculture Budget 2013-14 *In bales of 170 kgs each, ^First advance estimates of Agriculture Department, ^^Provisional data for 2011-12 („000 nuts) During 2013-14, total exports from the state aggregated Break up of exports by sector (2013-14) US$ 48.2 billion, which is approximately 12.4 per cent of India‟s total exports. Engineering Handloom & textiles products 3.5% Karnataka‟s exports increased at a CAGR of 15.4* per cent 6.2% during 2007-08 to 2013-14. Miscellaneous and others From a sector specific perspective, exports of electronics & 8.3% computer software, engineering products; readymade garments and basic chemicals, pharmaceuticals & Gems and cosmetics increased significantly in 2013-14 compared with jewellery the previous year. 8.3%

Petroleum Electronic and software exports from the state reached US$ Electronics & and computer 29.5 billion in 2013-14. chemical software products 61.3% Karnataka exported US$ 5,964.4 million worth of petroleum 12.4% and chemical products during 2013-14.

Source: Economic Survey of Karnataka 2013–14, Visvesvarya Industrial Trade Centre, Government of Karnataka, *Growth rate in INR terms, STPI: Software Technology Parks of India The state has a stable political environment. Successive Break up of outstanding investments by sector state governments have realized the importance of (2013-14) industries in the state and have provided conducive business environment to attract domestic as well as foreign 0.6% entities. 3.7% Manufacturing

16.2% In 2013-14, outstanding investments in the state totalled Services US$ 171.0 billion, representing nearly 7.1 per cent of the 36.3% total outstanding investments in India. Real Estate

Electricity Of the total outstanding investments, the manufacturing 16.2% sector attracted the most (36.3 per cent), followed by the Irrigation services sector (27.1 per cent). Mining 27.1% Karnataka is ranked fifth in terms of attracting private sector investments in India.

According to the Department of Industrial Policy & Source: Composition of outstanding investments across states, Promotion (DIPP), the cumulative FDI inflows from April ASSOCHAM, Department of Industrial Policy and Promotion, CMIE 2000 to November 2014 amounted to US$ 14.2 billion, the fourth highest in India.

FDI inflows from April-December 2014 stood at US$ 1.985 billion. Investment proposals signed at Global Investors Meet Karnataka attracted investments worth US$ 150.2* billion 2012 during the Global Investors Meet, 2012. Sector Amount (US$ billion)* Energy 52.15 Automobile 1.95 Iron and steel 22.56 Cement and other minerals 10.34 Education and R&D 1.73 Agro, food and horticulture 3.32 Biotech and pharma 0.38 Textiles and apparels 0.99 Tourism 8.30 Housing and urban development 6.87 Industrial infrastructure 9.18 IT & electronics 14.98 Chemicals and petrochemicals 8.87 Engineering 3.29 Aerospace and defence 2.66 Others 2.74

Source: Global Investors Meet, 2012, *At 2012-13 rates Total budget size for 2014-15 is US$ 23,001.3 million, around 13.5 per cent higher than previous budget size in Annual Budget INR terms. (Estimates in US$ million)

Karnataka‟s government has a planned expenditure of US$ 2013-14* 2014-15** 10,933.3 million for the year 2014-15

A fiscal deficit of US$ 3,340.2 million, 2.9 per cent of GSDP Revenue 15,638.7 18,506.4 is projected for 2014-15 receipts

Tax revenue is estimated to be approximately US$ 11,645.0 Total million witnessing an increase of 13.6 per cent over the 19,278.7 23,001.3 expenditure estimates for 2013-14.

Capital expenditure for 2014-15 is estimated to be US$ Revenue A/C NA 46.9 3,415.0 million, 12.0 per cent higher allocation than 2013- surplus 14.

Budget highlights: Capital receipts 3,011.3 4,201.7

Tax proposals: Capital 3,049.1 3,415.0 Preparing for the introduction of Goods and Service expenditure Tax (GST) in the state. Fiscal deficit 2,894.7 3,340.2 Exemption from VAT on paddy, rice, wheat, pulses and products of rice and wheat to continue for one more year. Source: Government of Karnataka, Budget 2014-15 Excise duty on beer increased from 122 per cent to *Revised estimates 135 per cent. **Assumed exchange rate of 1 US$= 60.00 INR for 2014-15 Primary education: Major sector-wise allocation as per budget 2014-15

Reconstitution of expert committees to set up text books Annual allocation promoting moral and social values Sector (US$ million) Set up 178 Government High Schools in needy places under the Rashtriya Maadhyamika Shiksha Abhiyaan Education department 3,550.8

US$ 2,904.2 million has been allocated for Primary and Secondary Education Department during 2014-15 Energy 1,948.8

Agriculture: Water resources 1,891.5 Provide support to farmers through low interest agricultural loans, subsidised seeds, fertilisers, nutrients, Urban development 1,665.8 agricultural improvements, soil conservation, market improvements, minimum support price, crop insurance and other related programmes. Social welfare 1,079.2

Launch of “Krishibhagya” scheme for farmers whose Health and family welfare 1,003.8 livelihood is dependent on rains. This scheme aims to provide facilities including conservation, storage and Agriculture and horticulture 899.5 efficient use of rain water, adoption of profitable cropping systems, cultivation of high income earning horticultural crops, and promotion of animal husbandry activities, among others. Source: Government of Karnataka, Budget 2014-15 *Revised estimates *Assumed exchange rate of 1 US$= 60.00 INR for 2014-15 Karnataka plans to construct 100,000 km of roads by 2020; this entails an investment of US$ 26.0 billion.

In 2013, the central government approved US$ 97.6 million of two/four laning of Kollegal section national highway project bordering Kerala.

IRB Infrastructure will develop a road from Kundapur in coastal region to the state‟s border with Goa in a project costing US$ 437.8 million.

Road type Road length (km)

Source: Maps of India National Highways 6,294.3

The state is well connected to its five neighbouring states State Highways 20,770 and other parts of India through 15 national highways that Major district roads 49,959 run through the state. Municipal roads 8,366 The Karnataka Road Development Corporation Ltd Other roads 148,412 (KRDCL) has been created as a state-owned enterprise for the development of road infrastructure facilities in the state. Source: Economic Survey of Karnataka 2013-14, Ministry of Road Transport & Highways, Global Investors Meet 2012, The Karnataka State Road Transport Corporation (KSRTC), Department of Tourism, Karnataka, established in August 1961, provides state road transport The National Highways Authority of India, services. Public Works Department and RDPR Department Karnataka is well-connected to other parts of the country Karnataka railway network through the railways. The state has a railway network of 3,250 km. Type of railway Length (km) South Central Railways 268 Karnataka Rail Infrastructure Development Corporation (K- South Western Railways 2,697 RIDE) has been set up with the objective of developing and implementing rail infrastructure projects in Karnataka with Southern Railways 37 private sector participation wherever feasible. Konkan Railways 248

Total 3,250 K-RIDE has a chief executive officer deputed from the Railways Department and principal secretary, Infrastructure Key proposed new projects Development Department, as its chairman. Cost Project Length (US$ Bengaluru Metro Rail, also known as Namma Metro (our million)* metro), is a mass-transit rail system for the city of Bengaluru. Bengaluru Metro Rail Corporation Limited Hassan-Bengaluru (New line) 166 197 (BMRCL), a joint venture of Government of India and Tumkur-Rayadurga (New line) 102 202 Government of Karnataka, is a special purpose vehicle Munirabad-Mehboobnagar (New line) (SPV) entrusted with the responsibility of implementation of 170 177 Bengaluru Metro Rail Project. Namma Metro started in Bagalkot-Kudachi (New line) 142 170 October 2011 and Phase II was launched in March 2014. Tumkur-Davangere (New line) 200 190

Bidar-Gulbarga (New line) 107 77 Eleven railway projects are under implementation in the state for which the state‟s contribution would be US$ 897.5 Hubli-Ankola (New line) 167 483 million. Bengaluru-Satyamangala (New line) 162 375

Source: Economic Survey of Karnataka 2011-12, Infrastructure Development Department, Karnataka *At 2011-12 prices The state has five domestic airports. These are located in Bengaluru, Mangalore, Hubli, Mysore and Belgaum.

International flights operate from the airports at Bengaluru and Mangalore.

Bengaluru International Airport; the country‟s first greenfield international airport, has been developed at Devanahalli in Bengaluru as a passenger and cargo department hub. This was developed under the PPP model and started operations in May 2008.

The passenger traffic in Bengaluru International Airport in 2013-14 stood at 12.86* million passengers (domestic passengers: 10.23 million and international passengers: 2.63 million).

For 2013-14, the airport reported an average of 325 air traffic movements per day.

Minor airports at Shimoga, Gulbarga, Bijapur and Hassan are being developed on PPP mode through private promoters.

The existing airport at Hubli is being upgraded to international standards. Source: Global Investors Meet, 2012 *Association of Private Airport Operators There are 11 ports in Karnataka, of which New Mangalore is a major port. New Mangalore Port is the ninth major port in India with the deepest inner harbour on the west coast.

Major cargo have been handled by Karwar, Belikeri, Malpe and old Mangalore ports in 2010-11. Among them, the cargo handled by Belikeri port was significantly more than the other ports.

A new port is being planned at Honnavar at a cost of US$ 99.5 million under PPP model.

Karwar Ports Port Major ports • New Mangalore Port • Karwar • Belekeri • Tadri • Honnavar • Bhatkal Minor ports New • Kundapur Mangalore • Port Hangarkatta • Malpe • Padubidri • Old Mangalore

Source: Global Investors Meet, 2012 As of November 2014, the state had an installed power Installed power capacity (MW) generation capacity of 14,269.8 MW. The state contributed 7,479.4 MW of this capacity, and the private sector CAGR: 13,759 13,978 14,270 contributed 5,120.0 MW, whereas the central government‟s 7.3% 13,394 share was 1,670.4 MW. 11,546 9,347 10,386 The installed capacity has increased from 9,346.7 MW in 2009 to 13,977.8 MW in 2013-14.

Of the total installed power generation capacity, 6,430.0 MW was contributed by thermal power. Capacity of 254.9 MW and 3,985.1 MW was contributed by nuclear and renewable power, respectively, while hydropower

contributed 3,599.8 MW.

2012-13 2009-10 2010-11 2011-12 2013-14

2008-09 2014-15* The government has taken steps to undertake several new small, medium and large scale power projects. Source: Central Electricity Authority Karnataka Renewable Energy Development Limited *As of November 2014 (KREDL) was established in 1996 to promote the development of renewable energy sources in the state.

NTPC is developing a 4,000 MW supercritical thermal power plant at Kudgi village in Bijapur district with an investment of US$ 2.9 billion. Work has commenced on the plant and is expected to be commissioned in 2015-16. The installed capacity will increase by 10,200 MW over the next three years, as numerous projects are currently under Major power projects to be completed in the next implementation. three years

State-owned power generation in Karnataka is managed by: Project Capacity Karnataka Power Corporation Limited (KPCL). Yaramaras Thermal Power Station 2x800 MW Power transmission is overseen by: Yadlapura Thermal Power Station 2x800 MW Karnataka Power Transmission Corporation Limited (KPTCL). Godhana Thermal Power Station 2x800 MW

Karnataka has five electricity supply companies: Bidadi (Gas based) 1x700 MW

rd Bengaluru Electricity Supply Company Limited 3 Unit of Bellary Thermal Power 1x700 MW (BESCOM). Station

Mangalore Electricity Supply Company Limited NTPC Project at Kudagi 4000 MW (MESCOM).

Hubli Electricity Supply Company Limited Total 10,200 MW (HESCOM).

Gulbarga Electricity Supply Company Limited (GESCOM). Source: Central Electricity Authority, Karnataka Budget 2013-14

Chamundeshwari Electricity Supply Corporation Limited (CESCOM). Leading telecom companies operate in the state in the sectors of telecommunication network, basic telephony Telecom infrastructure (November 2014) services (both wire line and wireless) and networking Wireless subscribers 56,514,721 services for telecommunication equipment. Wire-line subscribers 2,262,584 According to Telecom Regulatory Authority of India (TRAI), Broadband subscribers 4,878,430* there were 56.5 million wireless connections and 2.3 million wire-line subscribers in Karnataka, as of November 2014. Post offices 9,739^ Telephone exchanges 2,802** The entire state is networked through Optic-Fibre Cables Teledensity (in per cent) 92.5** (OFCs) of the state-owned company, Bharat Sanchar Nigam Limited (BSNL), as well as private companies such as Bharti, Reliance, VSNL and TATA Tele Services. Major telecom operators in Karnataka

Last mile access is provided by BSNL as well as Tata Tele Bharti Airtel Services in various parts of the state. Bharti and Reliance IDEA Cellular Communications provide the last-mile access directly to the Vodafone Essar customers in all major cities of Karnataka. Bharat Sanchar Nigam Limited (BSNL) Aircel Ltd Reliance Communications Tata Teleservices

Source: Telecom Regulatory Authority of India, Department of Telecommunications, Annual Report 2012-13, Ministry of Communications and Information Technology, Economic Survey of Karnataka 2013–14, India Post, * As of March 2014 indiastat.com, ^As of July 2014, ** As of May 2014 Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Bengaluru and Mysore have been Water supply Sewerage system sanctioned 47 projects worth US$ 615.1* million during 2006–13. • KUWSDB has implemented • The Bengaluru surface-based drinking Water Supply and Some of the key areas of development are roads and water supply schemes in Sewerage Board flyovers, water supply, storm-water drainage, sewerage and 187 urban areas to provide (BWSSB) is assured safe drinking water. urban transport. responsible for providing water

• KUWSDB is implementing supply, sewerage A total of 26 projects related to roads, flyovers, water supply 26 schemes for shifting the system and and urban transport located in Bengaluru have been source of water from ground sewage disposal completed between April 2006 and November 2013, with a water to assured surface in the Bengaluru value of US$ 136.6 million. water. These schemes are Metropolitan area. to be completed by 2013. The Karnataka Urban Water Supply and Drainage Board • Forty-two urban (KUWSDB) is responsible for providing water supply and • Cauvery Water Supply areas have been sewerage facilities in 213 urban areas of the state, except Scheme (CWSS) Stage IV, provided with the areas serviced by the Bruhath Bengaluru Mahanagar Phases I–IV are being Underground Palike (provides services in Bengaluru city and surrounding implemented to supply 810 Drainage (UGD) areas). MLD of water to about facilities in the 600,000 connections. state. A total of 71 projects have been sanctioned at an approved cost of US$ 316.6 million under UIDSSMT programme of JNNURM as of March 2014. Source: JNNURM, Ministry of Urban Development, www.urbanindia.nic.in MLD: Million Litres Per Day *As of November 2013, at 2012–13 rates, UIDSSMT: Urban Infrastructure Development Scheme for Small & Medium Towns Investment PPP Contract authority Project name Stage (US$ million) type

Airports

Ministry of Civil Aviation Bangalore International Airport 320.2 BOOT In operation

Ports

Department of Ports & Inland Water 2nd stage development of modern deep sea port at 130.7 BOOST Bidding Transport (DPIWT), Karnataka Karwar

DPIWT, Karnataka Honnavar Port Development, Uttar Kannada 182.5 BOOST Bidding

DPIWT, Karnataka Development of Malpe Port in Udupi District 224.0 BOOST Bidding

Roads

Bengaluru Development Authority Construction of Ring Road Around Bengaluru City 497.7 BOT-Toll EOI

Karnataka Road Development Development of road from State Highway-17 to 234.4 BOT-Toll Bidding Corporation (KRDCL) State Highway-19

Development of road Sira-Madugiri-Gowribidanur- Karnataka Road Development Chikkaballapura-Shidalgatta-Chithamani- 243.0 BOT-Toll Bidding Corporation (KRDCL) Srinivasapur-Mulbagal SH-58 and other connecting roads

Source: www.pppindiadatabase.com BOOT: Build-Own-Operate-Transfer, BOOST: Build-Own-Operate-Share-Transfer, BOT: Build-Operate-Transfer, EOI: Expression of Interest Investment PPP Contract authority Project name Stage (US$ million) type

Tourism

Development of international convention centre BOT- Department of Tourism, Karnataka 174.2 Construction at Devanahalli Annuity Urban development

Karnataka Urban Infrastructure In Development and Finance 24x7 urban water supply 292.0 - implementation Corporation

Karnataka Land Army Corporation Establishment of KLAC office 182.5 DBFOT Bidding Limited (KLAC)

Animal Husbandry and Veterinary Commercial development of animal husbandry 41.5 DBFOT EOI Science and veterinary science land

Bengaluru Mahanagara Palike, Transfer station in Bengaluru 14.9 - EOI Karnataka

Source: www.pppindiadatabase.com BOT: Build-Operate-Transfer, DBFOT: Design-Build-Finance-Operate-Transfer, EOI: Expression of Interest The state has 22 operational, 40 notified SEZs, one valid in- Exports from SEZs in Karnataka (US$ billion) principle approval and 61 formal approval SEZs, as of July 2013. 5.3

The Karnataka Industrial Areas Development Board has CAGR: 4.1 developed 141 industrial areas spread across the state. The 97.6*% state plans to develop and upgrade eight clusters around Bengaluru with an investment of US$ 348.4 million. 2.2 1.7 The Karnataka State Industrial & Infrastructure Development Corporation has promoted more than 135 0.4 start-up ventures in the state through equity participation and has provided debt to core industries such as steel, 2007-08 2008-09 2009-10 2010-11 2011-12 cement, mining and textiles, as well as new sectors such as IT, aerospace and telecom.

Exports from SEZs in Karnataka increased at a CAGR of 97.6* per cent from US$ 0.4 billion in 2007-08 to US$ 5.3 billion in 2011-12. SEZ with valid in-principle approval

Name/Developer Location Primary industry

M/s. Ozone SEZ Developers Pvt Ltd Chikkaballapura Pharmaceuticals

Source: www.sezindia.nic.in, Department of Industries and Commerce, Karnataka *Growth rate in INR terms Some of the operational SEZs in Karnataka

Name/Developer Location Primary industry

Manyata Embassy Business Park Bengaluru IT/ITeS WIPRO Limited Varthur Hobli, Electronic City, Bengaluru IT Infosys Technologies SEZ Mangalore Dakshina, Kannada IT/ITeS Vrindavan Tech Villages SEZ (Vikas Telecom Limited) Bengaluru IT/ITeS Cessna Garden Developers Pvt Ltd Bengaluru IT/ITeS Biocon Limited Anekal, Bengaluru Biotechnology HCL Technologies Ltd Bengaluru IT/ITeS KIADB (Textile) Hasan Textiles Information Technology Park Ltd Bengaluru IT/ITeS Primal Projects Private Limited Bengaluru IT/ITeS Bagmane Construction Pvt Ltd Bengaluru North IT/ITeS Hi-tech engineering products and Synefra Eng. & Const. (Suzlon Infrastructure Limited) Udupi related services KIADB (Food) Samudravalli, Sankalapura Food processing Gopalan Enterprises (India) Private Limited Whitefield, Bengaluru IT/ITeS Quest SEZ Development Private Limited Belgaum Precision engineering products

Source: www.sezindia.nic.in Some of the SEZs with formal approvals

Name/Developer Location Primary industry

M/s. Biocon Ltd Bengaluru Biotechnology Karnataka Industrial Areas Development Board Mangalore IT/ITeS

Infosys Technologies Limited Dakshina Kannada IT/ITeS Karnataka Industrial Areas Development Board Shimoga Engineering & related industries Karnataka Industrial Areas Development Board Hassan Food processing and related services Karnataka Biotechnology and Information Technology Services Bengaluru Biotechnology Near Mangalore Port-based for hi-tech engineering products Suzlon Infrastructure Ltd Port and related services Karnataka Industrial Areas Development Board Hassan Pharmaceuticals Mangalore SEZ Limited Dakshin Kannada Petrochemicals and petroleum Quest Machining and Manufacturing Pvt Ltd Belgaum Auto, aerospace and industrial engineering High Street Developers Private Limited Mandya IT/ITeS Opto Infrastructure Limited Hassan Electronic hardware & software/ IT/ITeS

Source: www.sezindia.nic.in The state has a literacy rate of 75.4 per cent according to the final data of Census 2011; the male literacy rate is 82.5 Literacy rates (%) per cent and the female literacy rate is 68.1 per cent. Literacy rate 75.4

In terms of the number of universities, Karnataka ranks fifth Male literacy 82.5 among all Indian states and union territories, with 43 universities. Of these, 23 are state public universities, 11 Female literacy 68.1 private deemed universities, four government deemed universities, two state private universities, one central Educational infrastructure (No) university, one state open university and one institute of national importance. • Universities: 43 • Pre-university colleges*: 4,676 The state has 4,676 pre-university colleges to impart • Engineering colleges**: 210 general education. There are more than 1 million students • Polytechnics**: 297 in the pre-university colleges. • Junior technical schools**: 12 • Vocational institutes: 553 There are 297 polytechnics and 210 engineering colleges to • Medical colleges: 46 provide technical education in the state. • Dental colleges: 38

• Ayurvedic colleges: 56 The state government along with National Skill • Homeopathy colleges: 11 Development Corporation will implement the National • Vocational Education Qualification in 100 schools with an Unani colleges: 5 aim to provide certification of vocational skills for improving employment levels among the youth. Source: Economic Survey of Karnataka 2013-14, Deloitte: Annual Status of Higher Education of States and UTs in India, University Grants Commission, Medical Council of India, Census 2011 (final data), *For 2013-14, **For 2012-13 State participation in primary education is significant as 85.2 per cent of the lower primary and 66.2 per cent of the higher Karnataka education statistics (2012–13) primary schools are managed by Department of Education. Lower primary: 25,950 Higher primary: 34,086 Karnataka is home to several premier institutions: Number of schools Secondary schools: Indian Statistical Institute. 14,194 School dropout rate Lower primary: 2.6 Indian Institute of Science. (in per cent) Higher primary: 5.4

Indian Institute of Management. Average: 23.4:1 Pupil-teacher ratio Aided schools: 43:1 National Law School of India University. Unaided schools: 30.8:1

Institute for Social and Economic Change. Source: Economic Survey of Karnataka 2013–14 University of Agricultural Sciences, Bengaluru.

Kannada University, Hampi. Three-tier health infrastructure comprising primary health centres, health units, community health centres and sub- Health indicators (2013-14) centres is available in the state. Beds per 100,000 population 99

The policy of the government is to establish one primary Birth rate* 18.3 health centre for every 30,000 inhabitants, one dispensary for every 15,000–20,000 inhabitants and one sub-centre for Death rate* 7.0 every 5,000 inhabitants. Infant mortality rate** 31

Life expectancy at birth (years) Health infrastructure (as of December 2013) Male (2012) 63.6 • District hospitals: 20 • Other hospitals: 12 Female (2012) 67.1 • Teaching hospitals: 29 • Community health centres: 206 • Taluk/general hospitals: 146 Source: Economic Survey of Karnataka 2013-14, • Sample Registration System (SRS) Bulletin Sep, 2014 Beds in community health centres: 20,400 (www.censusindia.gov.in) • Primary health centres: 2,355 *Per thousand persons, • Sub-centres: 8,871 **Per thousand live births, ***As of March 2011 • Dispensaries: 659*** There are several sports complexes in Bengaluru, Mysore, Mangalore and other cities. Cricket, hockey and football are the major sports, although other games are also popular.

The main sports arenas are the M. Chinnaswamy Stadium and the Sree Kanteerava Stadium in Bengaluru, Chamundi Vihar Stadium in Mysore and the Mangala Stadium in Mangalore.

The Bengaluru Golf Course and the Karnataka Golf Association are well-known golf courses in the state.

Karnataka is also home to numerous convention centres used for exhibitions, both indoor and outdoor, such as Palace Grounds and the Bengaluru International Exhibition Centre.

Under the Rural Tourism Project, Anegundi, Kokkare Bellur, Attivari Bird Sanctuary, Gokarna and Kodagu have been developed. Schemes are being prepared to develop rural tourism at other places also to showcase the rural life, art and culture and heritage.

Ranga Shankara and Karnataka Chitrakala Parishath form the cultural nexus of Bengaluru and are the performing spaces for dance, music and theatre artists.

An international mega convention centre, with a seating capacity of 6,000, is being planned near the Bengaluru International Airport. The natural resources, policy incentives and infrastructure in the state favour investments in the IT/ITeS, Key industries in Karnataka biotechnology, engineering, electronics, automotive, textiles, agri- and food-processing sectors. • IT and ITeS • Biotechnology • Karnataka‟s favourable policies have encouraged industries Engineering to set up their R&D centres in the state. • Electronics and telecom • Automotive • Bengaluru has about 401* R&D centres, the most in India. Textiles and apparel • Agro and food processing (floriculture) • Aerospace Karnataka is making significant investments in industrial • infrastructure, such as setting up industrial clusters and Animation SEZs and PPP projects to provide an impetus to further • Electronic hardware industrial development. • Tourism • Renewable energy In November 2013, the Karnataka State High-Level Clearance Committee (SHLCC) cleared 10 projects with an investment of over US$ 1.7 billion. The projects are *Source: Zinnov Management Consulting Pvt Ltd expected to create 14,105 jobs in 10 districts. In August 2013, SHLCC cleared 19 projects with an investment of over US$ 2.5 billion. The projects are expected to create 69,746 jobs in 13 districts. Karnataka has emerged as an Information Technology (IT) Electronics and software exports from Karnataka hub of India. (US$ billion)

Bengaluru is the fourth largest technological cluster in the CAGR: 28.2 28.7 29.5 world after Silicon Valley, Boston and London. 17.0*% 23.1 19.1 About 50.0 per cent of the world's SEI CMM Level 5 17.3 17.8 certified companies are located in Bengaluru. 12.5

The state is India‟s largest software exporter, with electronics and computer software exports totalling US$ 29.5 billion in 2013-14.

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Karnataka has 47 IT/ITeS SEZs and dedicated IT 2006-07 investment regions.

There are 2,160 IT companies in the state. Some of the key players

The state houses 550,000 IT Professionals or 1/3rd of the • Wipro Technologies total IT professionals in the country. • Infosys • Genpact At least 400 Fortune 500 companies have outsourcing • Accenture operations in Karnataka.

Source: Software Technology Parks of India, Global Investors Meet 2012, In September 2013, US-based eBay Inc launched a new KIADB, Department of IT, Government of Karnataka, Karnataka ICT global development centre in India, which is spread across Group 2020 Report, Visvesvarya Industrial Trade Centre, 150,000 sq ft. *Growth rate in INR terms • Wipro Ltd was established in 1945 and posted revenues of US$ 7.3 billion in 2013-14. The company has presence in areas such as IT services, product engineering, technology infrastructure services, Wipro Ltd BPO and other consulting solutions. The company provides services such as application development, deployment and maintenance, business intelligence and customer relationship management. • Based in Bengaluru, the company has 72 plus global delivery centres and 50 plus industry-specific centres of excellence in more than 54 countries. In September 2009, the company launched its centre of excellence at its Electronic City campus to work with other leading IT firms for developing innovative IT solutions.

• Infosys Technologies Ltd was set up in 1981 and posted revenues of US$ 8.3 billion in 2013-14. The Infosys Technologies Ltd company operates in areas such as IT consulting, modular global sourcing, process re-engineering and BPO services. • Infosys has 73 offices and 94 development centres in the US, India, China, Australia, Japan, the UK, Germany, France and many other countries and has marketing and technological alliances with companies such as IBM, HP, Microsoft and Oracle. The company has operations at multiple locations in Bengaluru, Mangalore and Mysore.

• Genpact was set up in 1997 in India. Formerly known as GE Capital International Services, the Genpact company‟s net revenues in 2013-14 stood at US$ 2.1 billion. • The company provides a wide range of business process, technology and knowledge services including finance and accounting, collections and customer relations, insurance, procurement and supply chain, analytics, software and IT infrastructure. Genpact employs around 60,200 employees. The company has one office in Bengaluru in Karnataka.

Accenture • Accenture is a global management consulting, technology services and outsourcing company with approximately 275,000 people serving clients in more than 120 countries. • The company has one consulting office and seven delivery centres in Bengaluru. Karnataka has played a key role in India‟s emergence as a More than 60 per cent of the biotechnology companies in significant player in the global biotechnology industry. India have a base in Bangalore and the state drives 50 per Karnataka is home to nearly 60.0 per cent of the country‟s cent of the total revenues in India‟s biotechnology sector. biotech units. India‟s biotechnology industry is expected to reach US$ 100 One-ninety five of the total 340 biotech companies in India billion by 2025, with Bangalore forming a significant part of are located in Karnataka. The state has more than 6,800 it. scientists involved in biotech research.

Premier life sciences institutions such as Indian Institute of Some of the key players Science, National Centre for Biological Science and Jawaharlal Nehru Centre for Advanced Scientific Research • Biocon are present in the state. • AstraZeneca India • Jubilant Life Sciences Ltd Sector-focused SEZs have been set up in Mysore, • GlaxoSmithKline Pharmaceuticals Ltd Mangalore, Hubli-Dharwar, Belgaum, Shimoga, Gulbarga, Kolar & Mandya.

Source: Economic Survey of Karnataka 2013-14, Global Investors Meet Twelve biotechnology finishing schools are scheduled for 2012, Indian Biotechnology Industry Outlook 2012, Analyz Research, development under the Millennium Biotech Policy. Association of Biotechnology Led Enterprises (ABLE), Visvesvarya Industrial Trade Centre An 86-acre biotechnology park, Bengaluru Helix, comprising the 52-acre Alexandria Knowledge Park in Bengaluru is currently under development. Biocon • Biocon India was incorporated in 1978 as a joint venture between Biocon Biochemicals Ltd of Ireland and an Indian entrepreneur, Kiran Mazumdar-Shaw. The company is among the leaders in biopharmaceuticals and bioservices. Biocon has its corporate headquarter in Bengaluru. • The company‟s revenue was about US$ 487 million in 2013-14.

• AstraZeneca India was established in 1979. The company is involved in the areas of AstraZeneca India manufacturing/marketing of bulk drug chemicals, liquid formulations, tablets and capsules, injectibles and ointments for various disease segments such as cardiovascular, respiratory and maternal healthcare. • The company‟s manufacturing plant is located at Yelhanka and R&D centre is located in Bengaluru.

Jubilant Life • Jubilant Life Sciences Limited (formerly Jubilant Organosys Ltd) is an integrated Sciences Ltd pharmaceuticals and life sciences company. The company is the largest Custom Research and Manufacturing Services (CRAMS) company and provides leading drug discovery & development solutions outside India. • Jubilant has a manufacturing facility in Nanjangud, with around 625 employees.

GlaxoSmithKline • GlaxoSmithKline Pharmaceuticals Ltd was established in 1924 and is one of the oldest Pharmaceuticals Ltd pharmaceutical companies in India. • The company‟s revenue was about US$ 438.5 million in 2013 (year ending December 2013). • GSK India product portfolio includes prescription medicines and vaccines. The company has a clinical development centre in Bengaluru. The engineering industry in Karnataka has positive prospects, given its performance. Some of the key players

In 2013-14, the export of engineering products stood at US$ • Bharat Earth Movers Limited (BEML) 3.0 billion. • Hindustan Machine Tools Limited (HMT) • Bharat Heavy Electricals Limited (BHEL) Exports include machine tools, industrial machinery, cutting • Saint-Gobain India tools, castings, automotive components, electrodes, welding equipment, construction and earthmoving equipment, and helicopter spares. Source: VITC-NCTI Trade Info, Visvesvarya Trade Promotion Centre Numerous engineering exporters are based in Bengaluru, Hubli, Mysore, Belgaum, Mangalore, and Shimoga.

A 300-acre SEZ has been created in Belgaum to develop a precision engineering and manufacturing supply chain ecosystem, which would be a great driver for manufacturing industries.

Bharat Earth Movers Limited, Hindustan Machine Tools Limited and Bharat Heavy Electricals Limited are among the leading companies in this sector in the state. BEML Limited • BEML Limited (formerly Bharat Earth Movers Limited) was established in 1964. BEML manufactures a wide range of earth moving and other heavy industrial equipment for the mining and civil engineering industries. • BEML has a registered office in Bengaluru and units in Kolar Gold Fields, Mysore and Bengaluru. The company achieved revenues of US$ 481.7 million in 2013-14.

HMT Ltd • HMT was established in 1953. The company manufactures various types of machine tools including watches, tractors, printing machinery, metal forming presses, die casting & plastic processing machinery, CNC systems & bearings. • HMT has a manufacturing plant in Bengaluru.

• Bharat Heavy Electricals Ltd (BHEL) is the largest engineering and manufacturing enterprise in BHEL India in the energy-related/infrastructure sector. The company has 16 manufacturing divisions, two repair units, four regional offices, eight service centres, eight overseas offices and 15 regional centres. • BHEL has an electronics division at Bengaluru. The company generated revenues of US$ 6.6 billion in 2013-14.

Saint-Gobain India • Saint-Gobain India was established in India in 1996. The group comprises eight manufacturing companies in India for various products ranging from glass to engineering products. • The company has a manufacturing plant in Bengaluru. Karnataka is a leading state of the country in electronics and telecommunication. Some of the key players

• Bharat Electronics Ltd The state has high-end research and development organisations such as Indian Institute of Science, Cosmic • Nokia Industrial Laboratories Ltd, Indian Space Research • Siemens Organisation (ISRO), CSIR Centre for Mathematical • Philips Electronics India Ltd Modelling and Computer Simulation (CMMACS), National Aerospace Laboratories, Centre for Soft Matter Research and John F. Welch Technology Centre. Source: Department of Industries and Commerce

Karnataka has excellent telecom infrastructure with 140 of 170 towns connected by Optic Fibre Cables (OFC) network.

Bengaluru district is the major hub of the electronics and telecommunications industries. The other districts of Hassan, Tumkur, Mysore, Mangalore and Shimoga are the new destinations for promotion of electronics and hardware industries.

The state houses global giants such as Sanyo, AT&T, Siemens, GE, Motorola, Sony and Alcatel as well as national heavyweights such as BPL Limited and Indian Telephone Industries Limited. • Bharat Electronics Limited (BEL) was incorporated in 1954 and is a multi-product, multi-unit, Bharat Electronics Ltd multi-technology company. Products manufactured by BEL are mainly categorised as systems/turnkey solutions, defence and non-defence products. • The company has a manufacturing unit in Bengaluru. It achieved revenues of US$ 1.1 billion in 2013-14.

Nokia • Nokia is among the world leaders in mobile technology. The company started its India operations in 1995. India holds the distinction of being the second largest market for the company globally. • The company has an R&D facility and a design studio in Bengaluru.

Siemens • Siemens set up operations in India in 1957. The Siemens Group in India is a unique player in the field of electrical and electronics engineering. The Group employs approximately 10,933 people and has 23 manufacturing facilities in India. Siemens has several offices in Bengaluru. The company generated revenues of US$ 1.8 billion in 2013-14 (year ending September).

Philips Electronics • Philips has been operating in India for more than 75 years. The company is a leader in India Ltd consumer electronics, healthcare and lighting systems. Philips employs more than 4,500 people in India. • The company has an R&D facility – Philips Innovation Campus – in Bengaluru. Karnataka has a vibrant auto industry with investments of The sector attracted US$ 2.0 billion* of investments during around US$ 713.0 million and annual revenues of US$ the Global Investors Meet 2012. 604.0 million. In September 2013, Bosch (German auto component The state is the fourth largest state in India in terms of manufacturer) announced an investment of US$ 240 million automotive production. The main locations for automobile over the next seven years in Bangalore for expanding its industries are Bengaluru, Ramanagara, Kolar, Shimoga, manufacturing and R&D capacities. Dharwad and Belgaum. Hero Motor Corp will set up a production unit near Dharwad General Motors Technical Centre, located in Bengaluru, is at a cost of US$ 240.5 million and plans to manufacture 1.8 actively involved in research, design, analysis and million two-wheelers per annum from the unit. development of vehicles and powertrains for foreign destinations as well as the domestic market. As per the final draft of Karnataka Industrial Policy 2014-19, the state would study the feasibility of setting up major Auto Toyota, Volvo, Tata Marcopolo and TVS Motors have set up Parks at Dharwad, Kolar and Bidadi in Ramanagara district; vehicle manufacturing units in Karnataka, which has led to and smaller Auto Parks in Belgaum, Shimoga, Mysore and the growth of ancillary units involved in manufacturing tyres, Gulbarga. bearings and other auto spare parts. Some of the key players The state has three auto clusters, one industrial valve cluster and one auto component cluster. Two manufacturing • Toyota Kirloskar hubs are coming up in Narsapur and Vemagal Industrial • Volvo India Areas in Kolar District. • TVS Motor Company

The government is in the process of announcing a • Delphi Automotive Systems Pvt Ltd Dedicated Automobile Policy. Source: Global Investors Meet 2012 *At 2011-12 rates Toyota Kirloskar • Toyota Kirloskar is a joint venture between Kirloskar group and Toyota Motor Corporation. • The company has manufacturing facilities at Bidadi.

• Volvo India has a state-of-the-art bus manufacturing unit near Bengaluru. Globally, the Volvo Group has about 115,000 employees, production facilities in 19 countries, and sales activities in Volvo India more than 190 countries. • The company has increased its capacity to around 1,500-1,700 buses per annum in 2013-14 from 1,100 buses per annum earlier. • Volvo India plans to invest US$ 161.6 billion to set up a truck and bus manufacturing facility in Malur, Kolar.

TVS Motor Company • TVS Motor Company is one of the largest two-wheeler manufacturers in India. The company is the flagship company of the TVS Group. TVS Motor has four manufacturing plants across India including Mysore. The company achieved a turnover of US$ 1.4 billion in 2013-14.

Delphi Automotive • Delphi India was incorporated in 1995 as a wholly owned subsidiary of Delphi. The company is Systems Pvt Ltd a leading global supplier of electronics and technologies for automotive, commercial vehicles and other market segments. • Delphi India has a technical centre in Bengaluru, which is the largest technical centre outside the US. Karnataka is one of the leading producers of cotton, silk and The sector has potential for growth. Karnataka has an wool, which are the key raw materials required for textile apparel park at Dodaballapur near Bengaluru and other manufacturing units. The state produces 65.0 per cent of mega textile parks in the other parts of the state. India‟s silk. The state plans to develop a 230-acre textile SEZ in Karnataka is a major apparel sourcing destination for the Hassan; dedicated apparel zones in Bengaluru Rural, global market. The state accounts for 20.0 per cent of the Tumkur, Kolar, Mandya, Belgaum, Bidar, and Dharwad; and national garment production. a Silk City in Bengaluru.

The state hosts over one million power looms. Bengaluru houses reputed international companies such as Nike (India head office), Tommy Hilfiger (operated by Arvind There are approximately 0.38 million manufacturing units Murjani brands in Bangalore, India) and GAP (operates engaged in the textiles and garments sector at the through a liaison office, GAP International Sourcing India organised and unorganised level. Pvt Ltd).

Karnataka has 105 skill development centres and 240 Some of the key players private training centres funded by the Department of Handloom. • Gokaldas Exports Limited

• Karnataka Silk Industries Corporation (KSIC) In October 2013, the cabinet of Karnataka approved the • Himatsingka Seide New Textile Policy 2013-18. • Shahi Exports Private Limited

The Textile Policy offers various incentives for investments in the textile sector; these include credit linked capital subsidy, entry tax reimbursement and power subsidy. Source: VITC-NCTI Trade Info, Global Investors Meet 2012 Gokaldas Exports Ltd • Gokaldas is one of the largest garment exporters in the country. The company commenced operations in 1979. In 2013-14, the company generated revenue of US$ 190.3 million. • Headquartered in Bengaluru, the company has 30 factories across India. Gokaldas employs around 28,000 people and has a manufacturing capacity of 2.5 million garments per month.

KSIC • Karnataka Silk Industries Corporation (KSIC) is a Government of Karnataka enterprise and is a leading manufacturer of silk. • The company has two modern factories in T. Narasipura & Mysore, which are engaged in manufacturing silk goods from raw silk yarn to silk fabrics.

• Himatsingka Seide, incorporated in 1985, is a Bengaluru-based company dealing in natural silk Himatsingka Seide fabric. • The company‟s focus area is textile designing and manufacturing. Himatsingka Seide has a spinning division as well as a weaving division. The company‟s brand Atmosphere is India‟s first luxury home textile brand, with an exclusive collection of more than 2,500 products and an installed capacity of 25 million meters per annum.

Shahi Exports Pvt Ltd • Shahi Exports is among the top home furnishing exporters in the country. The company began operations in 1974 in Delhi and started manufacturing in Bengaluru in 1988. Shahi Exports has manufacturing facilities in Delhi, Bengaluru, Salem and Tirupur Karnataka, with a good agricultural base including various Coffee exports from Karnataka (US$ million) food crops, offers immense scope for the development of 659 651 food processing industries. 597 CAGR: 18.4% Karnataka is the largest producer of coffee and cocoa in the 479 country. 325 342 300 The state accounts for around 69.3 per cent of the country‟s total coffee production. In 2013-14, coffee production in the state was estimated to be at around 211,100 metric tonnes.

The state is one of the leading producer of flowers, spices, fruits and vegetables.

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Government of Karnataka had approved the establishment of food parks in six districts: Bengaluru rural, Tumkur, Shimoga, Davangere, Bijapur and Belgaum. These parks are in advanced stages of implementation. Some of the key players

A spice park is proposed to be developed at Byadagi in • Hindustan Unilever Limited Haveri district. • Nestle India • Britannia Industries Limited Most of the civil infrastructure work has been completed in • United Breweries Group Malur, Hiriyur, Bagalkot and Jewargi food parks, which had been approved by Ministry of Food Processing Industries, Government of India. Source: Economic Survey of Karnataka 2013-14, Visvesvarya Industrial Trade Centre, Global Investors Meet 2012 Hindustan Unilever Ltd • Hindustan Unilever Limited (HUL) is India's largest fast-moving consumer goods (FMCG) company, with leadership in home & personal care products and foods & beverages. The company recorded revenues of US$ 4.7 billion during 2013-14. HUL employs more than 16,000 people nationwide. • The company has a manufacturing plant and an R&D centre at Bengaluru.

Nestle India • Nestle has been in India for almost a century, with seven production facilities across the country, including one at Nanjangud, Karnataka. The company produces chocolates and confectionaries, prepared dishes and cooking aids, beverages and milk products and nutritional supplements. The company recorded revenues of US$ 1.6 billion in 2014 (year ending December).

Britannia Industries Ltd • Britannia is a leading food processing company in India. The company manufactures food products such as biscuits, cheese and bread. Based in Bengaluru, the company had a revenue base of US$ 1.2 billion in 2013-14.

United Breweries Ltd • United Breweries Limited (UBL) is a flagship company of the UB Group. The company is also referred to as the beer division of the UB Group and is based in Bengaluru. UBL recorded a net turnover of US$ 701.7 million in 2013-14. • The company has around 2,489 employees and manufactures products primarily under the Kingfisher, London Pilsner and UB Premium Ice brands. Karnataka produces more than a quarter of India‟s aircrafts and spacecrafts. Some of the key players

• Boeing Around 984 acres of land is earmarked for an exclusive industrial area and sector-specific SEZ for aerospace • Hindustan Aeronautics Limited industries near Bengaluru International Airport. • Airbus Engineering Centre • BEML Ltd India‟s first aerospace SEZ of 300 acres is operational at Belgaum. Source: Global Investors Meet 2012, MRO India, NRI Karnataka Aerospace Policy has identified an investment Forum Karnataka, Karnataka Aerospace Policy 2012 Ministry of Civil Aviation, India potential of US$ 12.5* billion in this sector during 2013–23 *At 2011-12 rates and plans to develop aerospace clusters in different regions of the state.

Companies such as Air India, Boeing and Jupiter Aerospace have selected Karnataka for the development of MRO facilities.

The state government plans to develop an aerospace park spread over 1,000 acres near the Bengaluru International Airport (BIAL) with an investment of US$ 1.7 billion, with the intention of attracting global and domestic players in the Indian aerospace industry. Boeing • In India, Boeing is represented through its wholly owned subsidiary, Boeing International Corporation India Private Limited (BICIPL). • Boeing established its first R&D centre in India – the Boeing Research & Technology Centre – in Bengaluru in 2009. The centre develops high-end technology solutions, particularly in the areas of aero structures and avionics.

HAL • Hindustan Aeronautics Limited (HAL) is ranked 40th in Flight International's list of the World‟s Top 100 aerospace companies in 2008. • HAL has 19 production units and nine research and development centres in seven locations across India; of which, eight production units and four R&D centres are located in Bengaluru.

Airbus • Airbus‟ industrial cooperation with India began in 1988 when an agreement was reached with Hindustan Aeronautics Limited (HAL) to manufacture passenger doors for the A320 aircraft. • Specialising in high-tech aeronautical engineering, the Airbus Engineering Centre works hand- in-hand with other Airbus engineering offices around the world, as well as with the Indian aviation industry.

BEML Ltd • Bharat Earth Movers Limited (BEML), a „Miniratna-Category-1‟, plays a pivotal role and serves India‟s core sectors such as defence, rail, power, mining and infrastructure. • BEML is involved in the manufacturing of aircraft components/assemblies and MRO activities related to aerospace applications.

Source: Global Investors Meet 2012, KUM Karnataka, Airbus, BEML Ltd In 2012, the state had more than 25,000* students in the AVGC-related field. The state has 20 institutes imparting Some of the key players AVGC-related training to more than 10,000 students. • Technicolor Major suppliers to the industry such as HP, AMD, NVIDIA • TATA Elxsi and Microsoft are located in Bengaluru. • Zynga • DreamWorks There has been a considerable increase in AVGC business outsourcing to Bengaluru. Source: PwC Report estimates, Karnataka AVGC Policy A great deal of content for global blockbuster animation *Forecasted, AVGC: Animation, Visual effects, Gaming and Comics movies such as Life of Pi, Harry Potter, Kung Fu Panda, Prometheus and Pirates of the Caribbean was developed in Karnataka.

There is a plan to set up AVGC parks similar to the SEZ model. A plan has been formulated to set up a venture capital fund and a centre of excellence to provide common resources for IP creation.

An adequate extent of land is to be earmarked for the AVGC sector in the proposed Integrated Information Technology Investment Region (ITIR) near Bengaluru International Airport. Technicolor • Technicolor is a worldwide technology leader in the media and entertainment sector with revenues of approximately € 3.5 billion in FY2013 (January to December). • Technicolor India offers world-class design and production services in animation and visual effects for motion pictures and television broadcast productions. • Technicolor has been operating in India since 2007 and employs about 1,238 people.

Tata ELXSI • Tata Elxsi is a listed company and is headquartered in Bengaluru. • The company is a global design company and offers key services including embedded product design, industrial design, animation & visual effects and systems integration. • The company recorded revenues of US$ 128.5 million in 2013-14.

Zynga Inc • Zynga Inc is the world's leading provider of social gaming services with more than 240 million monthly active users playing its games, which include CityVille, Zynga Poker and Scramble with Friends. • Zynga's Bengaluru centre, started in 2010, has rapidly expanded to become the company's second largest operation in the world after its San Francisco centre.

• DreamWorks Animation creates high-quality entertainment, including CG animated feature DreamWorks films, television specials and series and live entertainment properties. • DreamWorks Animation has been named one of the “100 Best Companies to Work For” by FORTUNE® Magazine for four consecutive years. • The company has theatrically released a total of 25 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.

Source: Technicolor, TATA Elxsi, Zynga, DreamWorks Eighty of the 120 companies engaged in chip designing in As per the policy, by 2020, ESDM sector is expected to India are located in Karnataka. generate turnover of US$ 400 billion, including exports to the tune of US$ 80 billion, with an investment of US$ 100 The state has the advantage of having low-cost billion. skilled/technical manpower compared with other states. In February 2014, the central government gave its in- Bengaluru is a global hub for R&D activity in the software principle approval for setting up the first ESDM cluster industry, which will greatly aid the electronic hardware development in Electronics City, Bangalore. industry.

The ESDM (Electronic System Design & Manufacturing) Some of the key players Policy is expected to provide for development of three ESDM innovation centres that will provide complete • Intel infrastructure with the requisite design tools. • AMD

• Qualcomm Inc ESDM Policy also plans to set up seven high-class ESDM • Nvidia Manufacturing Clusters (EMC) to provide infrastructure support including electronic manufacturing services and component manufacturing by 2020. Source: Department of Electronics and Information Technology, GoI, Department of IT, BT and S&T, Karnataka, In October 2013, the Karnataka government announced to ESDM Policy 2013, Karnataka have a separate single-window agency to approve all projects, and IT and electronic hardware projects established in tier II and III cities. Intel • Intel, headquartered in Santa Clara, is the world‟s largest and highest valued semiconductor chip maker based on revenue. • The Intel India Development Centre is a critical engineering design and development centre for key Intel products across CPUs, graphics, platforms and software with strong IT expertise and factory automation. • Intel Technologies India plans to invest US$ 120 million for its R&D centre in India.

AMD • AMD India plays a significant role in the design of microprocessors, AMD‟s family of Accelerated Processing Units (APU), SoCs, graphics and media solutions. • AMD has two design centres in India located in Hyderabad and Bengaluru.

Qualcomm Inc • Qualcomm Incorporated is an America-based global semiconductor company that designs, manufactures and markets digital wireless telecommunications products and services. • Qualcomm India Private Limited established its India operations in 1996 and has R&D centres in Bengaluru and Hyderabad.

NVIDIA • Nvidia manufactures Graphics Processing Units (GPUs) as well as System-on-a-Chip units (SOCs) for the mobile computing market. • Nvidia established its design centre in Bengaluru in 2005. The centre includes a state-of-the-art facility and data centre that facilitates top-to-bottom designing of advanced graphics and digital media processors for a wide range of platforms.

Source: Intel, AMD, Qualcomm Inc, Nvidia Karnataka boasts of a diverse flora and fauna and a 320-km Number of tourist arrivals in Karnataka (million) natural coast line, which makes it a nature tourist's paradise. The state is ranked fourth in terms of the number of tourist arrivals in India. 98.6 94.7 84.7 The Palace on Wheels of South India – the Golden Chariot CAGR: 18.6% Train tour – has been rated by Vanity Fair, UK, as among the top seven train journeys in the world.

38.5 Karnataka has World Heritage Sites at Hampi and 36.7 38.4 37.5 33.0 Pattadakal. Good infrastructure in the form of better road 25.2 and rail connectivity as well as improving hospitality is also aiding tourism.

2006 2007 2008 2009 2010 2011 2012 2013 The state attracted 98.0 million domestic tourists and 0.6 2005 million international tourists in 2013. Tourist arrivals have increased at a CAGR of 18.6 per cent during 2005–2013. Source: Global Investors Meet 2012, Department of Tourism, Karnataka, Ministry of Tourism, Government of India, Business Standard The sector contributes 15 per cent to GSDP of Karnataka; plans are afoot to expand to 25 per cent by 2020.

The central government approved US$ 7.5 million for phase one of the project „Coastal Karnataka Tourism Circuit‟ for developing coastal tourism in the state. The overall cost of the project is expected to be US$ 82.9 million covering 140 beaches. Major attractions

• Karnataka is India‟s most preferred destination for advanced medical care, and is referred to as the medical tourism hub of India. Medical tourism • The state has the highest number of approved health systems, multi-specialty health centres and alternative health therapies in India.

• Karnataka represents wide variations in topography – high mountains, hills and long Eco tourism coastal stretches. • The state has five national parks, 26 wild life sanctuaries, pelicanries, heronries and elephant camps.

• Karnataka‟s geography provide a vast spectrum of diverse attractions, making it a heaven for adventure sports and outdoor activities. Adventure tourism • Major attractions include white water rafting on the Kali river and aero sports at the Nandi hills.

Source: Visvesvarya Industrial Trade Centre, Global Investors Meet 2012 Renewable energy contributes nearly 25.0 per cent of the state‟s installed power capacity.

Karnataka is endowed with high renewable energy potential such as wind, hydro, solar, tidal and geothermal energy resources.

The renewable energy potential for the state is estimated at 29.6 GW, primarily from wind, solar, small hydro, co-generation and biomass sectors.

The government has allotted projects of 18,664.6 MW, amounting to nearly 63.0 per cent of the total potential.

Through the Renewable Energy Policy, the state plans to set up renewable energy economic zones by procuring 10.0 per cent of the land of SEZs and dedicating it for renewable energy.

The policy also mandates to keep aside 10.0 per cent of barren government land for renewable energy. Renewable energy Renewable energy potential Capacity allotted Capacity commissioned No source (MW) (MW) (MW)

1 Wind 13,983 12,890.4 2,595.8

2 Small hydro 3,000 2,919.4 768.7

3 Biomass 1,000 370.0 113.0

4 Co-generation 1,500 1,677.4 1,144.6

5 Municipal solid waste 135 25.5 0

6 Solar grid 10,000 782.0 74.0

Grand total 29,618 18,664.6 4,696.1

Source: KREDL, Central Electricity Authority, Karnataka Renewable Energy Policy http://kredlinfo.in/reprogressreport.aspx Wind energy Karnataka wind energy density map

Karnataka has the largest wind energy potential of 13,983 MW in India.

Currently, new projects with a capacity of more than 7,000 MW are at different stages of implementation and projects of 2595.8 MW of capacity have been commissioned; this provides a huge opportunity to harness the untapped potential of the market.

Wind velocity in the state ranges from 0.85 m/s to 8.27 m/s. Wind power density W/Sq m Potential areas for wind power plants in the state include 0 – 100 Chitradurga, Gadag, Chikmaglur, Bellary, Davangere, Koppal, Bijapur, Bagalkot and Belgaum. 100 – 200 200 – 250 Karnataka is counted among the top five destinations for 250 – 300 wind energy in India. 300 – 400 400 – 500

Source: Centre for Wind Energy, Chennai, KREDL: http://kredlinfo.in/reprogressreport.aspx Solar energy Karnataka solar resource map

The state has a solar energy potential of 10,000 MW. Karnataka Solar Policy 2014-2021 plans to add solar generation of minimum 2,000 MW by 2021.

Of the total allocated capacity of 782 MW, capacity of up to 74 MW has already been commissioned.

Many districts, especially coastal areas, receive solar radiation in the range of 5.1-6.4 kWh/m2 during summer, which is best suited for solar PV projects.

The central government‟s policy mandates that solar energy consumption should increase to 3.0 per cent of the total consumption by 2022, up from the present requirement of 0.25 per cent.

Karnataka is the only state to have supported solar projects under the REC (Renewable Energy Certificate) mechanism.

In January 2015, SunEdison signed an MOU with Karnataka government to develop 5 GW of renewable energy projects in the state in the next five years.

Source: Karnataka Solar Policy 2014-21, Global Investors Meet 2012, SolarGIS Agency Description Contact information

No 49, South Block, Khanija Bhavan Race Course Road • Anchor department for development/establishment of Department of Bengaluru - 560 001 industries in Karnataka. Industries and Phone: 91-80 2238 9901-08

Commerce Fax: 91-80-2238 9909 • Responsible for formulating and implementing E-mail: (DIC) industrial policies in the state. [email protected] Website: www.karnatakaindustry.gov.in

• Single contact point for investors in the state

No 49, South Block, Khanija Bhavan • Considers/forwards proposals to concerned agencies East Entrance, Race Course Road and communicates status to investors. Karnataka Udyog Bengaluru - 560 001

Mitra Phone: 91-80-2228 2392/5659, • Monitors implementation of approved projects. Fax: 91-80-2226 6063 (KUM) E-mail: [email protected] • Single point of contact for information on various Website: www.kumbangalore.com aspects including land availability, statutory approvals and coordination. Agency Description

District Level Single Window • Functions under the chairmanship of respective Deputy Commissioners for Clearance Committee (DLSWCC) industrial projects for investments less than US$ 0.65 million.

State Level Single Window • Functions under the chairmanship of Minister for Large and Medium Industries Clearance Committee (SLSWCC) for investments that range between US$ 0.65–10.9 million.

State High Level Clearance • Functions under the chairmanship of the Chief Minister for projects involving Committee (SHLCC) investment of more than US$ 10.9 million.

• Nodal agencies for approval of projects at the district level. District Industries Centres • Primary focus is to promote small scale, village and cottage industries.

• Various sector specific departments such as Department of Tourism, Department Other departments of Information Technology and Biotechnology, Department of Food Processing, Department of Textiles and Department of Mines and Geology. List of approvals and clearances required Departments to be consulted

Prior to setting up the unit

Department of Industries and Commerce Department, Karnataka Registration Udyog Mitra (Single Window Agency)

Allotment of land/shed Karnataka Industrial Areas Development Board

Permission for land use District Authorities

No objection certificate under Water and Air Act Karnataka State Pollution Control Board

Approval for construction activity and building plan Development Authority/Urban Local Body

No objection certificate Fire Department and Directorate of Factories and Boilers

Provisional trade tax registrations Central and State Excise Departments

Registration under Central Sales Tax Act Central and State Excise Departments List of approvals and clearances required Departments to be consulted

Before commencement of production

No objection certificate under Water and Air Act State Pollution Control Board

No objection certificate Fire Department and Directorate of Factories and Boiler

Permanent Trade Tax registration Central and State Excise Departments

Registration under Central Sales Tax Act, 1956 Central and State Excise Departments

After commencement of production/activity

Department of Industries and Commerce and respective sector Registration departments such as IT/BT/Tourism etc. Stage 1 Clearance of the project/industry Stage 2 Clearance

State Level Single Window Agency High Level Clearance Committee (Large/mid-size industries US$ 0.65 – (Mega industries > US$ 10.9 million 10.9 million)

KIADB (Land acquisition)

KSPCB Karnataka Udyog Mitra (Pollution Board) (Department of Industries and Commerce) KPTCL (Electricity) Inspectorate of Other sector-specific Factories and departments Boilers

Commercial tax District Industries Centre Land conversion (Tiny industries < US$ Investor 0.65 million) BWSSB/KUWSDB (Water supply)

Source: Karnataka Udyog Mitra, Karnataka Industrial Areas Development Board and Department of Industries & Commerce Cost parameter Cost estimate

Industrial land (per sq ft) US$ 3.6 to US$ 124.4

Power cost (per unit) Commercial and Industrial: US 7.9 cents to US 9.7 cents

Labour (minimum wage per day) US$ 2.2 to US$ 5.4

Bengaluru Metropolitan Area: Water (per kilolitre) Non-domestic: US 59.7 cents to US 99.5 cents Industries: US 99.5 cents

Source: Industry sources, Ministry of Labour and Employment, Government of India, Bengaluru Water Supply and Sewerage Board, Karnataka Electricity Regulatory Commission Solar Policy 2014-21

Objectives • To add solar generation of at least 2,000MW by 2021 in a phased manner. • To encourage PPP model and R&D and innovation in the sector. • To promote Roof Top Generation and Technologies. • To transform Karnataka into an investor friendly state. Read more

ESDM Policy 2013

Objective • To facilitate, promote and develop the ESDM sector in Karnataka and make Karnataka a preferred destination for investment in this sector. Read more

Aerospace Policy 2012

Objectives • To position Karnataka as a vibrant aerospace hub of Asia and a globally recognized aerospace destination by enabling the environment for holistic and sustained growth of the aerospace sector. • Increase the contribution of the aerospace sector towards enhancing the share of industry in the state‟s GSDP from 28.0 per cent to 32.0 per cent by 2022. Read more AVGC Policy 2012

Objective • Encourage and support appropriate manpower development, infrastructure development and business development in the AVGC sector. Read more

Information and Communication Technology Policy 2011

Objectives • To maintain Karnataka‟s leadership in outsourced IT services. • To retain Karnataka‟s position as the state with the largest skilled workforce in India for IT services, products and R&D. • To enable Karnataka to be the most preferred destination for MSMEs (micro, small and medium enterprises). Read more

Integrated Agribusiness Development Policy 2011

Objective • To position Karnataka on a sustained growth path in the field of agricultural and allied sectors through global technologies and innovative tools by creating enabling frameworks and state-of- the-art infrastructure facilities, thereby generating higher returns for farming communities. Read more Karnataka Renewable Energy Policy 2009-14

Objectives • Development, propagation and promotion of renewable energy resources and technologies. • Creation of a suitable environment for private sector participation in renewable energy power generation. Read more

Karnataka Industrial Policy 2014-19

Objective • To make Karnataka the most preferred investment destination through inclusive, sustainable and balanced growth.

Read more

Karnataka Tourism Policy 2014-19

Objective • To develop Karnataka as a dynamic, sustainable and most-favoured tourism destination by increasing domestic & international visitations, offering high quality experience to visitors, facilitating and accelerating investments and improving livelihood opportunities at the local level.

Read more State Policy for Special Economic Zones 2009

Objective • To facilitate and expedite establishment of SEZs, at the same time safeguarding the environment and the interests of land owners. Read more

Millennium Biotech Policy II 2009

Objective • To increase the quality of human resources by supporting education and research institutions like the Institute of Agri-Biotechnology (IABT), the Institute of Bioinformatics and Applied Biotechnology (IBAB), the Centre for Human Genetics (CHG) and BT finishing schools; to create specific infrastructure such as focused biotech parks in the areas of agriculture, marine biotech and animal husbandry; to provide specific fiscal incentives. Read more

Karnataka Mineral Policy 2008

• To optimise the state‟s geological potential by scientific and detailed prospecting. State-of-the-art Objectives techniques will be encouraged by combining the resources of the private and public sectors. • To resolutely pursue the policy of preserving flora, fauna, and bio-diversity and ensure that the invaluable forest wealth is safeguarded while granting mineral concessions. • To promote transparency in granting mining concessions. The applicants who propose establishment of industries for value addition within the vicinity of the mineral bearing areas will be given priority. Read more Suvarna Vastra Neethi 2008-13 (Textile Policy)

Objectives • To achieve balanced, higher and sustainable growth in the entire textile value chain. • To facilitate emerging units in critical areas such as production technology, market research, and development for exploiting global and domestic trade opportunities.

Read more

Infrastructure Policy 2007

Objective • To provide a fair and transparent policy framework for facilitating economic growth and encouraging Public–Private Partnerships (PPP) in infrastructure. Read more Average exchange rates

Year INR equivalent of one US$

2004-05 44.81

2005-06 44.14

2006-07 45.14

2007-08 40.27

2008-09 46.14

2009-10 47.42

2010-11 45.62

2011-12 48.13

2012-13 54.31

2013-14 60.28

2014-15* 60.6

*Average for three quarters India Brand Equity Foundation (“IBEF”) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with IBEF.

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