Karnataka Digital Economy Mission (KDEM) annual report

Karnataka Digital Economy Mission (KDEM) annual report

News – 

• The Karnataka Digital Economy Mission (KDEM) annual report for FY 2024-25 highlights a significant expansion in the state’s technology sector, specifically through the addition of 50 new Global Capability Centres (GCCs)

Key Highlights from the KDEM Annual Report

• GCC Distribution: Of the 50 new centres, 40 were established in Bengaluru, while 10 were set up in “Beyond Bengaluru” clusters.
• Employment & Talent: The state’s GCC talent pool has surged to 6.5 lakh professionals in FY 2024-25, up from 3.5 lakh in 2021.
• Startup Growth: The number of DPIIT-registered startups in Karnataka reached 16,700, with over 3,300 of these registered outside Bengaluru.
• Infrastructure: Over 1.1 million sq. ft. of IT park infrastructure is now available in “Beyond Bengaluru” clusters to support decentralized growth.
• Nipuna Karnataka: The report notes progress on this skilling initiative, with four corporate proposals approved to train approximately 10,000 beneficiaries in emerging tec

Additional Information – The Karnataka Global Capability Centre (GCC) Policy 2024–2029.

• It was launched on November 19, 2024.
• It is India’s first dedicated framework to attract and scale Global Capability Centres (GCCs)
• Objective –  The policy aims to double the state’s existing 500+ GCCs to 1,000 by 2029, generating $50 billion in economic output and creating 3.5 lakh new jobs.