The Karnataka government is set to release a new industrial policy next month with the goal of encouraging investment in tier-II cities. As it has been in the past, this goal is likely to be framed in zero-sum terms i.e. achieved by pushing IT companies to move away from Bengaluru and in other cities instead.
We will limit this article’s focus on what such a policy direction would mean in high-tech sectors such as biotech, aerospace, and IT. , this push towards creating an alternative of centre gravity for the high-tech industry seems to be an intuitive answer for achieving balanced regional growth. And yet, this view is wrong because it doesn’t square with the empirical experience of high-tech clusters elsewhere in the world.
Read more at: https://www.deccanherald.com/opinion/bengaluru-needs-more-high-tech-companies-not-fewer-780314.html