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Time of India
a day ago
- Business
- Time of India
Mysuru a hub for innovation and business growth: Priyank
Mysuru: IT-BT minister Priyank Kharge on Friday said that Mysuru is poised to become a model for distributed innovation—one that can be replicated across India and cater to global needs. Tired of too many ads? go ad free now Speaking virtually at the inauguration of the 5th edition of the Mysuru Big Tech Show held at the Infosys campus, the minister said, "Mysuru is not just the cultural capital of India but is also emerging as a strong player in the country's technological landscape. With its robust ecosystem, talent pool, excellent connectivity, and the proactive support of industrial leaders, the city has immense potential for rapid acceleration in the tech sector. " Highlighting Mysuru's strategic advantage, Kharge noted, "It takes nearly the same time—around one-and-a-half hours—to travel from Kempegowda International Airport to Bengaluru's central business district as it does to reach Mysuru. Given this, Mysuru becomes an attractive destination for businesses looking beyond the crowded metropolitan hubs." Quoting industry body Nasscom, he added that Mysuru is among the top three emerging cities in the country and was the second-largest IT exporter in Karnataka last year, recording exports worth Rs 5,700 crore. "Over 50 national companies have not only considered Mysuru as an alternative to metro cities, but have also chosen it as a preferred destination. In the past year alone, 47 companies set up operations here, generating more than 4,500 direct jobs," he said. Kharge also emphasised the city's growing reputation as a startup hub, saying Mysuru has become an encouraging space for innovation and entrepreneurship. Sudhanva Dhananjaya, chairman and MD, Excelsoft Technologies, emphasised the city's growing stature as a hub for innovation and business. Tired of too many ads? go ad free now "Large companies like L&T and Infosys believed in Mysuru and established their presence here," he said. "My core message is simple—we should all believe in Mysuru. It is the next big destination not only for technology-driven enterprises but also for a wide range of auxiliary businesses. " Reflecting on his own journey, Sudhanva shared that Excelsoft was founded 25 years ago in Mysuru and witnessed the city's transformation first-hand. "Startups and scale-ups are now thriving here, and that's the big shift I've observed over the years. This is the fourth edition of the tech show I've participated in, and the transformation is remarkable. Today, registration is overflowing," he noted. Calling upon entrepreneurs and investors, he added, "As a stakeholder, I urge everyone to come to Mysuru, experience it, and grow with it. The city offers a conducive ecosystem, excellent work-life balance, remains green and serene, and the authorities are supportive. Mysuru is poised to become a great city for business growth." Pavan Ranga, CEO and managing director, Rangsons Aerospace, entrepreneur and industrialist, echoed similar sentiments. "Everything is possible in Mysuru. Our business exports to over 60 countries—all from this city," he said. Stressing the city's livability, he remarked, "When you evaluate Mysuru as a destination, consider the quality of life—it's unmatched. You can leave home and be back in minutes. That's the essence of Mysuru. We are here to support those who wish to explore and grow in this beautiful city." Sanjeev Gupta, CEO, KDEM, Bhaskar Kalale, Startups and Innovation, Vinayak Hegde, IT, ITes, and GCC, Ekroop Caur, Secretary, Department of Electronics IT, BT and S&T, March Lamy, Consul General, Consulate General of France in Bangalore were also present.
The Hindu
2 days ago
- Business
- The Hindu
Karnataka Digital Economy Mission unveils vision document for Mysuru
The Karnataka Digital Economy Mission (KDEM) envisages a digital economy revenue of ₹10,000 crore for the Mysuru cluster by 2030. The Vision Document was unveiled here on Friday at the Mysuru Big Tech Show conducted on the Infosys campus. As per the document, the road map for Mysuru cluster envisages investment by large companies and augmenting the work force by 10-fold. The Mysuru cluster targets a digital economy revenue of ₹10,000 crore, support for over 2,800 start-ups, 1.5 lakh jobs by 2030 with enhanced rigour and focus on IT/ITES, Startups, ESDM etc. The newly established Vayu Assets announced an investment of ₹1,250 crore in the region to establish a PCB plant catering to domestic and intersional markets while an Indo-Taiwanese Joint Venture Project – MiPhil Semiconductors, also announced its entry into the Mysuru cluster. The KDEM said in a release that over the last 12 months, Mysuru had elicited strong interest from the industry to establish operations in the cluster and the continued efforts of KDEM had resulted in more than 15 companies setting up offices, leading to fresh employment. Mysuru was positioned as an advanced national innovation hub, intended to serve as a sustained contributor to India's goal of achieving 1 trillion dollar digital economy by 2030, it added. Mysuru Big Tech Show 2025 showcased the next generation of innovators, offering access to investors, market exposure with government backing from the Government of Karnataka, and mentorship from top ecosystem enablers. The event witnessed participation by over 500 delegates, 45 plus global speakers, oer 80 start-ups among others. Officials and State government representatives who participated in the panel discussions deliberated on several aspects to make Mysuru a growth catalyst in the mission backed by the regions strong education focus. The release cited Ekroop Caur, Secretary, Department of Electronics, IT, BT and Science & Technology, who pointed out that Mysuru was presently the second largest IT exporter in the State contributing ₹5,000 crore annually. Mysuru's existing plug and play infrastructure spans almost 500,000 sq ft and more than 10,000 co-working seats with an approximate 200,000 sq ft of upcoming facilities together with a Global Technology Centre. ''As we look ahead, we aim to make Mysuru India's most 'infrastructure ready' hub, with a highly trained skilled workforce making it a magnet for global investments. We believe Mysuru can truly become the poster-boy to deliver on the State's digital ambitions,' she added. Some of the other areas of discussion included future ready skills for future industries; bridging the youth-industry gap; aspirational vocational education; global mobility and quality assurance, among others.
