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Karnataka govt, Nasscom launch ER&D policy to foster innovation in state

50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones

Topics
Karnataka government | Nasscom | Research and development

Neha Alawadhi  |  New Delhi 



Auto manufacturing
The policy envisages making Karnataka contribute nearly 45 per cent to India's ER&D during the policy period, and create additional 50,000 jobs.

The Department of Information Technology Biotechnology and Science and Technology, Karnataka and industry body National Association for Software and Service Companies (Nasscom) on Tuesday launched the Karnataka State policy for Engineering, (ER&D), approved by the State cabinet.

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First Published: Tue, March 02 2021. 17:17 IST

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