Bengaluru, 5 August

The State, led by its capital, powers a significant share of India's electronics and R&D exports, as well as global capability centres and unicorn tally, with dynamic synergy of industry, academia, and policies making it the epicentre of the nation's innovation revolution, Chief Minister Siddaramaiah said on Tuesday.

Speaking at the inauguration of SAP Labs India's new campus at Devanahalli, he said the new campus is a testament to the State’s strengths, tech-savvy talent, world-class infrastructure, and progressive policies that make it a "magnet for global innovation".

“This new campus, designed to eventually house 15,000 professionals, will strengthen our position as India’s innovation workforce engine. It marks a significant milestone in our mission to create high-value jobs and opportunities for our youth,” the CM said.

"We contribute over 8 per cent to India's GDP and lead the nation in IT exports with a 35 per cent share,” he shared. The City is home to over 40 per cent of the nation's unicorns.

“Our government is committed to transforming Devanahalli into a major technology and innovation cluster with metro connectivity approved in the Karnataka Budget 2025 and suburban rail expected by 2029, " the CM said.