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2h ago

Karnataka Unveils IT, SpaceTech and Startup Policies, Plans New IT City Near Bengaluru

A decentralisation drive pairs with investor-backed deep-tech funding to spread growth beyond the capital.

Karnataka deputy chief minister DK Shivakumar said the investment for Bengaluru features major projects like twin tunnels, a double-decker metro line, and 'AI City' near Bidadi, among others.
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He warned that each incentive category is capped at 100 applicants, making it a first-come, first-served race.
DK Shivakumar (PTI)

Overview

  • Chief Minister Siddaramaiah opened Bengaluru Tech Summit 2025 and unveiled the IT, SpaceTech and Startup Policies for 2025–30, with the space plan targeting 50% of India’s market and 5% globally by 2034.
  • The cabinet‑approved Startup Policy carries a Rs 518.27 crore outlay over five years and aims to enable up to 25,000 startups, including 10,000 outside Bengaluru.
  • Deputy Chief Minister D.K. Shivakumar announced a planned IT/AI city in Bidadi and cited more than Rs 1 lakh crore in Bengaluru infrastructure projects, including twin tunnels, a double‑decker metro and elevated corridors.
  • IT/BT Minister Priyank Kharge said 16 venture firms have committed Rs 430 crore to co‑fund deep‑tech startups alongside state allocations under the Deep Tech Decade initiative.
  • Private‑sector summaries describe incentives encouraging companies to expand to tier‑2 and tier‑3 cities, including rent and tax support and R&D reimbursement up to Rs 50 crore, with formal application guidelines expected to follow.