Bengaluru will be the “economic capital” of India in the next five years, Karnataka Chief Minister Basavaraj Bommai said on Friday. He described the residents of the state capital as “hardworking” and expressed confidence in them for taking the state’s economy to the highest level in the country. Speaking at the Bengaluru Tech Summit, Bommai said, “Karnataka has always been at the top position in attracting foreign investment and startups. Investors and entrepreneurs are now looking around Bengaluru. The state also maintains a good position in agriculture, technology and economy. All of this together can elevate technological capital to economic capital in the next five years.
Currently, Mumbai is hailed as the financial capital of India. Bommai also suggested that innovators must use technology for the betterment of humanity. “I am very confident in our engineers and scientists and their hard work. Modern technology must be used for the betterment of humanity and for building a great society. Every person can be part of the change and must carry self-confidence without fear of loss,” he underlined.
Earlier on the first day of the Bengaluru Technology Summit, Bommai announced that his government plans to build six new cities across Karnataka. “Due to rapid urbanization, our government is planning to decentralize development in Karnataka. A total of six new cities will soon be built in the state which will boost the economy and productivity of Karnataka,” he said.
