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Karnataka: August 2012

August, 2012

Karnataka is located in the Southern region of India. It is surrounded by the Arabian Sea in the West, Goa in the Northwest, Maharashtra in the North, Andhra Pradesh in East, Tamil Nadu in the Southeast, and Kerala in the Southwest.

The state offers a wide range of fiscal and policy incentives for businesses under the New Industrial Policy, 2009-14. Additionally, the state has well drafted sector-specific policies for biotechnology, IT, tourism and textiles.

The state has well-developed social, physical and industrial infrastructure and virtual connectivity; has good supply and distribution of power, seven airports and substantial port infrastructure (one major and ten minor ports).

Some of the prominent cities in the state are Ankola, Bengaluru, Bagalkot, Belgaum, Bidar, Bijapur, Chikmagalur, Chitradurga, Dandeli, Hubli-Dharwad, Mangalore, Mysore and Shimoga.

Karnataka has emerged as a key state with knowledge-based industry such as IT, biotechnology and engineering. The state also leads in electronics, computer software and biotechnology exports, with US$ 23.11 billion for 2010-11. It is the science capital of India with more than 100 Research and Development (R&D) centres, and a preferred destination for multinational corporations with more than 650 such companies.

At current prices, the Gross State Domestic Product (GSDP) of Karnataka was about US$ 97.1 billion in 2011-12. The Net State Domestic Product (NSDP) of Karnataka was about US$ 86.6 billion in 2011-12.

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