Karnataka

THE SILICON VALLEY OF

INDIA
 KARNATAKA AT A GLANCE
Economic Overview
• USD 189 billion GSDP
• 4th largest economy in India
• 2nd highest Per Capita Income
among bigger states
• 2nd in terms of attracting FDIs
• USD 82 billion total exports
Advantage KARNATAKA
• 1st in attracting investment
intentions in 2017
• 1st in IT & ITes Exports
• 4th largest skilled workforce
• More than 400 research and
development firms
• Pioneer in introducing niche
policies
• Among top 15 start-up
ecosystems of the world
Karnataka is agriculturally strong state with large number of crops in which it has national
leadership while in other crops as well it has sufficiently large base to support industrial
processing
Millets production

In India in sale of Tetra-Fino UHT milk

In certified organic produce

Agri/Food based Bio-tech startups

 Agri and Food Processing

• 65% of the total geographical area under agriculture cultivation

• Coffee, Gherkins, Silk, Green Chilli, Tamarind and Sunflower.
Major producer of Maize, Coarse Cereals, Sugarcane and Pulses in
the country
• Agriculture & allied activities contributed 11.68% to GSDP in 2016-17
• Leader in horticultural products and spices
• Leader in floriculture, accounting for 75% of India’s total
flower production
• One of the largest producers of Cashew nut in India
• Known for Byadgi Chilli. Oleoresin extracted from them is used in
the preparation of nail polish and lipstick
Production Clusters
 Famous Ethnic Foods of Karnataka

Korri Gassi: Mangelorean dish Mysore Pak Dharwad peda Yenegayi palya

Jolada Rotti Bele holige Vaggarane mirchi

 Geographical Indication for Agricultural Products

Nanjanagud Rasbale
Mysore Betel leaf Coorg Green Cardamom
Banana

Monsooned Malabar
Coffee Devanahalli Pomello Bangalore rose onion
Byadagi Chilli Bijapur Raisins Kamalapur Red Bananas

Minor millets of
North karnataka
 Millets KARANATAKA

• Karnataka: Millet capital of India

• Bengaluru- the millets food hub
• Millets are smart foods
• Karnataka at the forefront of promoting millet
i. Organic millets mela
ii. SavayavaBhagyaYojane
iii. Paramparagat Krishi Vikas Yojana (PKVY)

Millets were the first crops; Millets are the future crops
 State Government initiatives

• Entire State defined as single zone for availing incentives

• Investment promotion subsidy @ 35% of fixed assets for MSME (capped at INR
65lakh).
• Interest subsidy to micro enterprises @ 6% per annum for 7 years
• Subsidy for technology adoption from recognized national labs, 50% of the cost
(max INR 1 lakh)
• First State to establish an unified, e-trading platform - Rashtriya e-Market Services
Limited (ReMS) in 2014
• Rashtriya e Market Services Private Limited (ReMS) has been established as a joint
venture company, with Government of Karnataka and the NCDEX Spot Exchange
• First State to introduce a Multi-Sector Startup Policy in 2015 which supports new
product development in Agri-business and Food Processing
 Growth Drivers
•