Karnataka has generated 13.91 lakh jobs in the last four years and is inching closer towards meeting the governments target of creating 15 lakh jobs by 2019, Minister for Large and Medium Industries R V Deshpande said today.
Deshpande said from 2013-14 to 2017-18, 12.03 lakh jobs had been created in the micro, small and medium enterprises (MSME) sectors and 1.88 lakh jobs in the large industries sector.
Another 5.79 lakh jobs are in the pipeline, Deshpande told the two-day Vendor Development and Investors Summit 2017 organised by the Karnataka government, a release by the organisers said.
The summit will act as a common platform for CPSUs, SPSUs, Mega and Large units in identifying vendors of their choice in terms of production capacity and quality standards.
The meet will also help MSMEs understand the need of the OEMs, the organisers said.
Biocon Chairman and Managing Director Kiran Mazumdar said, "proud to know that we are a frontier state in the country with a huge plethora of capabilities when it comes to Industrial manufacturing. People of Karnataka are what make us so successful."
"We are the startup capital of the country. We have been successful in creating new age jobs. They will lead the future SME s of the country," she said, according to the release.
HAL Chairman and Managing Director T Suvarna Raju said the company had an high growth plan of making 1000 helicopters in the next 10 years.
"We have highest expectation from vendors for the large volumes of aircrafts to be produced."
In a milestone, a BrahMos supersonic cruise missile was fired successfully yesterday for the first time from a Sukhoi-30MKI fighter aircraft of the Indian Air Force, he said, noting that, many partners from Bangalore have made many parts of this 2500 kg missile.
IKEA India CEO Peter Betzel said Ikea Group has acquired 14 acres in Bengaluru to set up its third store in the country after Hyderabad and Mumbai.
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