With a GDP of US$ 120 billion growing at 7% annually, the State of Karnataka has an industrial output of US $61.5 billion and Foreign Direct Investment of US $18.30 billion. Karnataka has emerged as the most preferred business hub offering more job opportunities in almost all the sectors like Manufacturing, Sales & Marketing, Human Resource management, IT/ITES, Operations amongst others.
World class healthcare amenities, Top of the class educational institutions, International standard recreation and a vibrant cosmopolitan culture with varied global cuisine and vivid cultural confluences of Art, Culture and Theatre is truly driving a global lifestyle in Karnataka.
Karnataka has also been attracting a global audience with its integrated and strategic growth plans that offer immense investment and employment potential across its varied sectors in Manufacturing, Agri business and food processing, Information technology, energy and Infrastructure along with tourism.
Bangalore, also called the ‘Silicon Valley of India', and No 1 Destination for MBA/PGDM with a vibrant Job market.
Bangalore is the well known headquarters of leading IT companies like Wipro Technologies, and Infosys. Virtually every IT company including TCS, HCL, Dell and Cognizant have large set ups in Bangalore. Some of the leading companies in diverse areas that have large presence in Bangalore are Reliance, Tata Infocom, Bajaj Allianz General Insurance Co Ltd, SBI Life Insurance Ltd, ING Vysya Life Insurance Company Ltd, United Life Insurance Company Ltd, IDBI Bank, HSBC BANK, ICICI Bank, State Bank of India, Canara Bank Head Office, Manipal Hospital and Columbia Asia Hospital.
The city of Bangalore is also home to headquarters of countless public sector undertakings such as Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML) and Hindustan Machine Tools (HMT).
Bangalore is also home to many educational and research institutions in India, such as Indian Institute of Science (IISc), Indian Institute of Management (Bangalore) (IIMB),National Institute of Fashion Technology, Bangalore, National Institute of Design, Bangalore (NID R&D Campus), National Law School of India University (NLSIU) and National Institute of Mental Health and Neurosciences (NIMHANS). Numerous state-owned aerospace and defence organisations, such as Bharat Electronics, Hindustan Aeronautics and National Aerospace Laboratories are located in the city. B-schools in Bangalore have played vital role in the growth by providing quality human resources for the leading profiles in corporate sector and industries and as the city grows, the number of aspirants looking forward to pursue MBA, colleges in Bangalore have risen tremendously. Of course, IIM Bangalore is the prominent B-school in the City. Bangalore and Karnataka is also home to 300+ leading B-schools and Universities.
Lets look at major highlights of Karnataka as a business and employment destination.
1 million employed in IT sector alone
Bangalore and other cities in Karnataka house 400 R&D centers for IT sector which add impetus to Bangalore as a start-up capital of India. 3500 companies and 750 multinational companies offer direct employment to 1 million people.
The sector has an IT-BPM Revenue of US$50 Billion and is growing at a CAGR 24%. Strengthening this strong hold is a series of proposed projects that are high investment potentials for the discerning. Bangalore IT park and a Hardware Park at Devanahalli, EPIP Park at Dakshina Kannada District, IT SEZ at Mangalore, Aryabhatta Park at Hubli and Incubators on PPP model are proposed
Telecom/electronics offer more jobs
Karnataka houses more than 85 chip designing houses and 3000 ESDM skilled people available through the skill development training center annually. Major players like Intel, Qualcomm, Nvidia and AMD reap the benefits from this eco-system offering more employment.
Karnataka plans to augment the growth with an ESDM cluster development across many cities namely at Electronic City, Brownfield ESDM common facilitation center at Mysore, Greenfield Cluster at Vasanthnarsapur, ESDM Cluster at Doddabalapur and a Hardware and IT Park at Devanahalli. This will further help the state in generating highly paid job offers.
Aero-space : Promising field
Karnataka houses top R&D centers like Indian Space Research Organization, Defense Research and Development Organization, Boeing Research And Technology Center and Airbus Engineering Center. The state also produces over 25% of all Indian Aircraft and Spacecraft well aided by a strong network of lower tiered supply base. The other prestigious projects in the sector include the Integrated Aerospace Special Process Facility and Aerospace Technology Center at Bangalore.
Biotechnology & Pharma pioneer
Karnataka has strong presence of biotech institutions and training centers like IISC, NCBS, IBAB, BTFS, IABT, BBC and CHG. The state is home to over 60% of Biotech units and contributes 2nd largest revenues in India's Biotech industry. Bangalore ranks number 1 as Best place for innovative Biotech start-ups in India.
Home to 221 formulation units and 74 bulk drug units, Karnataka exports 40% of its pharma produce. Major Players like GSK, Cipla, Himalaya, Micro labs, KAPL, Novo nordisk stay benefitted from the presence of exclusive Pharma SEZ, Pharma Industrial area and R&D centers.
Auto Industry hub
5 Auto Clusters and presence of major OEM like Toyota, Volvo, Honda Scania and TVS with both Tier 1 and II Players like Denso Bosch etc help you investigate opprtunies across the Auto Parks and other infrastructure planned including direct manufacturing of 2, 3 and 4 wheelers and the Auto ancillary parts too.
Auto industry in Karnataka is rising by leaps and bounds. With the rise and availability of all the necessary infrastructural facilities, more MBAs are venturing for ancillary start-up businesses in this sector.
Karnataka has the largest number of tourist destinations in India. These 319 destinations encompass a rich variety to include Heritage, Wildlife, Spirituality, Adventure, Waterfall, Rivers and Cities entertaining nearly 100 million tourists across the past 5 years. The state has recorded a growth of 50% in traffic these 5 years.
Considering these facts, without any doubt, Karnataka is a great destination for Businesses, Entrepreneurs and MBAs looking for learning and growth.Bachelor's degree with 50% marks. Candidates should have studied Maths at 10+2 stage or at graduation level..