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Addressing the Inauguration Ceremony of 3 days event ‘World Dubai Expo 2020’, he said that some of the sectors in the UAE that are witnessing the massive presence of Indians, especially Bengaluru based start-ups and tech majors.
“Karnakata government which is playing the role of a facilitator has been undertaking all tech-focused initiatives in line with achieving the vision set by our Prime Minister Narendra Modi to make India reach the 5 trillion dollar economy by 2025. Shared economic visions and geopolitical outlooks have spurred the two sides (Karnataka and UAE) to seek to expand cooperation across multiple domains including in investment, technology, and the knowledge economy”, Minister Narayan explained.
Karnataka is one of the prosperous states in India with an estimated GSDP of $220 billion and has been a leader in sectors of Information Technology, I-T enabled services, Electronics, Machine Tools, Aerospace, and Biotechnology, he pointed out.
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He said, Karnataka is a leading global innovation hub due to partnerships established with innovation hubs such as UAE, adding that the government of Karnataka is interested to strengthen its relationship with the UAE on common grounds of innovation and technology.
(With inputs from IANS)