Karnataka Digital Economy Mission​

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Scenario 1

M/s ABC & XYZ is a law firm doing exceptionally well in New York. At today’s realty prices the partners feel that they need to move certain functions out of the US and move them to India. (Legal Research Center)

Scenario 2

DEF Private Limited has now reached a juncture where it understands that in order to expand faster it will need to outsource some/ all of its support functions to India. (Customer Support Center)

Scenario 3

GHI LLP has been continually successful in their business and intends to create a Global Delivery Center outside the US.  

What would an ideal location for such business situations be like? It would minimally need:

1. A location within a Tier-1 city/ Proximity to a (Tier-1) city.

2. Multi-level connectivity to and from such a city.

3. Suitably functional building space and zonal infrastructure.

4. Technological support infrastructure. 

5. Easily and readily available talented workforce. 

Welcome to Mysore City

  • A royal heritage city with a rich history dating centuries.
  • A cultural hub for Karnataka state and the country.
  • Just 145 kms (90 miles) from Bangalore city
  • Connected by Road (10 lane Super-expressway), Rail and Air (International Airport coming up in 2 yrs).
  • 5G Network is already functional in major cities across India and is soon arriving at Mysore too as a 2nd tier city.
  • Mysuru being an educational hub with 63 schools and 85 colleges, produces a continuous flow of qualified talents each year. This makes finding the right people for your business requirements so much easier.

INFRASTRUCTURE

Mysuru

  • 10,000 seats available through a group of real estate providers
  • Gopalan Infrastructure is developing 1 million sq. ft.
  • Global Technology Centre being developed in Mysuru with provision for 3,000 seats covering an area of approximately 150,000 sq. ft.

The Karnataka Digital Economy Mission is a knowledge bridge between the Government of Karnataka and the Industry, with a view to accelerate the growth and investments in the IT, BT and S&T sectors in Karnataka.

Its core objectives are:

  • To support technology investments in Karnataka
  • To support the Department of IT / BT, S&T
  • To help structure promotional efforts abroad
  • To help position Karnataka well with technology-sector-specific investment reports
  • To sponsor and organize research to uncover technology opportunities
  • To provide feedback to government departments on the policy initiatives needed to attract further investments
  • To act as a bridge between government and industry
  • To build a comprehensive Vision Document with strategy and roadmap directions
  • To build Brand Karnataka and enhance our leadership position across segments

 

In furtherance to the above objectives the KDEM has come with the below policy enablers:

1. Government of Karnataka Start-up Policy 2015-20

2. Government of Karnataka IT Policy 2020

The Government of Karnataka Start-up Policy 2015-20 assures the following benefits to match

  • Incubation Support
  • Booster-Kit Services
  • Marketing assistance
  • Tax Reimbursement
  • Matching grants
  • Patent filing assistance

Government of Karnataka IT Policy 2020 assures the following benefits to match.

  • Rental Reimbursement
  • IT Hubs/ Clusters
  • Co-Working Spaces/ Plug & Play Infrastructure
  • Stamp Duty Exemption
  • PF/ ESI Reimbursement
  • Power Tariff Concession
  • Single Window Agency
  • Quality Certification Reimbursement
  • Marketing Cost Reimbursement
  • Patents Cost Reimbursement
  • R&D Support

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Company Secretary

  1. To provide accurate and timely Management Information along with relevant inferences/conclusions to the Management.
  2. Manage secretarial and statutory compliance requirement of the company. To develop systems and process towards the capture and analysis of relevant financial information towards ensuring, sound and informed decision making.
  3. Other duties would include Secretarial Compliance, Financial Reporting, Financial Planning, Coordination of ROC and secretarial activities, Analyses in all areas of the company: Inventory Analysis.
  4. Sales Analysis, Margin Analysis, etc.