Bengaluru will be India’s ‘economic capital’ in 5 years, says Bommai

In the coming five years, Bengaluru would be the “economic capital” of India, according to Karnataka Chief Minister Basavaraj Bommai. He expressed faith in the “hard-working” residents of the state capital, saying they will raise the state’s economy to the top level in the nation.

Speaking at the Bengaluru Tech Summit, Bommai said, “Karnataka has always been in the top position in attracting foreign investments and startups. The investors and entrepreneurs are now eyeing places around Bengaluru. The state also maintains a good ranking in the fields of agriculture, technology and economy. All this combined can elevate the tech capital as the economic capital in the next five years.”

Mumbai is currently regarded as India’s financial hub.

Innovators, according to Bommai, should use technology to advance humankind.

“I am highly confident about our engineers and scientists, and their hard work. Modern technology must be used for the betterment of mankind and for building a great society. Each person can be a part of the change and s/he must carry self-confidence without the fear of losing,” he underlined.

“Due to rapid urbanization, our government is planning to decentralize the development in Karnataka. A total of six new cities will be constructed soon in the state which will boost the economy and productivity of Karnataka,” he shared.

He also revealed a startup park in Bengaluru, next to Kempegowda International Airport, which will encourage aspiring entrepreneurs.