'Beyond Bengaluru' Initiative - A Commercial Boost to Mysore
‘Beyond Bengaluru’ initiative is a step forward of the Karnataka state government towards its goal of making the state a trillion-dollar digital economy by 2025.
As an integral part of the Bengaluru Tech Summit 2020 - ‘Beyond Bengaluru’ program is a state-wide initiative to expand the tech ecosystem beyond the Electronic Capital of India. The aim of the initiative is to foster the growth of IT /ITeS, business process outsourcing (BPO), electronic system design manufacturing (ESDM), and telecom sector industries in cities such as Mysuru, Mangaluru, Hubbali-Dharwad, and Shivamogga.
At present, Bangalore is the only city that has the highest tech revenue in the state while other cities contribute just 5% of the total revenue. To enable a distributed IT/ITeS model that fosters industrial & employment generation in other cities, ‘Beyond Bengaluru’ program is just another excellent move of the state government to facilitate technology and innovation across Tier II and Tier III cities across the state.
Benefits of ‘Beyond Bengaluru’ Initiative
- Growth of IT/ITeS companies in Mysore & other cities
- More investment opportunities
- Employment generation & opportunities
- Growth of the biotechnology sector
- Development of Electronic System Design Manufacturing (ESDM) sector
- Boost in Entrepreneurship and skill development
- Internship opportunities across these economic regions besides just Bangalore
- Better industry-academic connection
- Infrastructure development
- Talent Development
- Greater market access
How Mysore is Impacted
Mysore is currently on its pace to becoming a highly commercialized city in the state. With the ‘Beyond Bengaluru’ initiative, the city’s industrial & economic growth is obvious to escalate in the next 5 years. As home to highly reputed IT & manufacturing companies, Mysore is going to experience telecom, BPO, education, and IT penetration in the coming years.
The Best Time to Invest in Mysuru is Now
Mysore already has a lot to offer when it comes to real estate and returns. Whether you want to buy a residential plot or commercial property, Mysuru has the best options available from the MUDA & private developers such as Alliance Square. The city is a top attraction for investors across Bangalore, Mandya, and neighboring cities. So, when are you investing in Mysore?
