GovJobRecruit.Com | Sarkari Naukri | Govt Jobs

Sarkari naukri | Government Jobs Website I 10th Pass Govt Jobs I 12th Pass Govt Jobs

Karnataka govt launches new policy, aims to create 50,000 jobs


The Karnataka government on Tuesday launched the Engineering Research & Development (ER&D) policy-2021 which will create about 50,000 new jobs and also help the state to contribute about 45% to India’s Engineering R&D during the policy tenure.

The five sectors that have been prioritised in the policy include aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products.

Here are a few things that have been highlighted in the policy

  • The investments offered under the policy include-

1) rental reimbursement for setting up/ expanding in beyond Bengaluru urban district.

2) recruitment assistance for setting up/ expanding in beyond Bengaluru urban district.

3) investment subsidy for setting up or expanding in beyond Bengaluru urban district.

  • The policy aims to develop Engineering R&D Future Skills Courses and promote the adaptation of these courses in state government engineering universities/ affiliated colleges.
  • According to the release, to promote internships to bridge the gap between academic skills and the needs of the Engineering R&D industry, the government will reimburse 50% of the internship stipend for interns per entity, for a period of 3 months, up to 10,000 per month per intern.
  • The entity will offer internships to 33% women candidates and consider 30% of the total interns into full-time employment, it added.

The objective of the policy include – attract leading Engineering R&D entities to establish and/or expand in Karnataka, creating strong linkages between Industry and Academia, establishing and offering access to advanced testing, prototyping, and other innovation infrastructure, facilitate ER&D entities to adopt leading practices and gain marketing opportunities.

It also envisages developing a research-oriented skilled talent pool and fostering a knowledge economy, attracting Engineering R&D intensive investment into Karnataka, and augmenting capacity by bridging the gap between engineering/ research talent and industry’s technology needs, the release said.

The policy has been drafted by the Department of Electronics, IT, Bt and S&T, Karnataka Innovation and Technology Society (KITS), and NASSCOM after wider consultations with all the other participating stakeholders including the representatives of the industry.

Deputy Chief Minister C N Ashwath Narayan said: “The ER&D sector in the country is the fastest growing industry with a CAGR of 12.8%. Meanwhile, the global Engineering Research and Development industry is expected to reach a spend of $ 2 trillion by 2025.”

“Considering this scenario, this policy aims to prepare the state to make use of the future opportunities emanating from this sector.”

(With inputs from agencies)

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Government Jobs Website © 2020 About Us | Frontier Theme
%d bloggers like this: