The Karnataka government on March 2, 2021 launched the country’s maiden Engineering Research & Development (ER&D) Policy.
- The objective of this policy is to raise its contribution to the sector in the country to 45% in the next five years.
- The State government anticipates the policy has the potential to create over 50,000 jobs in the ER&D space in five years.
- According to industry apex body Nasscom, ER&D has the potential to become a $100-billion industry in the country in the next five years.
- The policy has identified five key focus sectors such as aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products.
(Source: The Hindu)
