Karnataka launches engineering research policy
Updated:
Updated:
March 03, 2021 08:30 IST
State plans to increase its contribution to the sector to 45% in the next five years, create 50,000 jobs
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C. N. Ashwath Narayan
State plans to increase its contribution to the sector to 45% in the next five years, create 50,000 jobs
Karnataka launched the country’s maiden Engineering Research & Development (ER&D) Policy on Tuesday to raise its contribution to the sector in the country to 45% in the next five years.
The State government anticipates the policy has the potential to create over 50,000 jobs in the ER&D space in five years. According to industry apex body Nasscom, ER&D has the potential to become a $100-billion industry in the country in the next five years.