TECHNOLOGY SOLUTIONS A N I N D I A N G L O B A L P R O D U C T S C O M P A N Y Doing Business in Karnataka A Private Sector Perspective Anant R Koppar, Chairman & CEO
TECHNOLOGY SOLUTIONS Backdrop of Eleventh 5 Year Plan “Towards Faster and More Inclusive Growth” “Converting potential into reality is a formidable task and cannot be achieved if we simply continue on a business as usual basis”
TECHNOLOGY SOLUTIONS Karnataka Status Growth environment is reasonably good Synergistic relationship between government and high growth sectors, though some creative tensions exist Private sector (and most other) growth is Bangalore centric Growth is below potential since most other constraints as identified at national level also exist in Karnataka
TECHNOLOGY SOLUTIONS Key Constraints Infrastructure - Roads, Water & Power Supply : Quality & Quantity do not match requirements Human Resource : Quantity is adequate but lack Quality for direct employment Speed, Proactivity and ease of government clearances and facilitation for new private enterprises can improve Inclusiveness hampered by metro-centricity of growth and education-finishing system lacunae
TECHNOLOGY SOLUTIONS FDI attractiveness is not attractive enough Metro (Bangalore) centric growth regional hubs yet to attain critical mass, creating regional growth imbalance Limited Sources for Angel / Early stage venture capital, especially for non IT sector Cluster Development strategy needs to be re-booted & implementation needs greater focus and impetus Key Constraints
TECHNOLOGY SOLUTIONS Strategic Options Re-evaluation of thrust areas for the state, prioritize industries and allocate proportional resources Integrated plan for distribution of manufacturing & service industries across the regions Infrastructure build-up to support the above Aggressively facilitate Clusters, decongest Bangalore industrially
TECHNOLOGY SOLUTIONS Strategic Options Set up Early-stage / Angel Investment funds, include non-IT Private-Public advisory panel to guide enterprises Bridge the employability gap and make growth inclusive Finishing School : Create Standards / Processes Increase employability of local population Public-Private partnership Create Sector agnostic special cell for tracking and competing for FDI
TECHNOLOGY SOLUTIONS Infra- structure Infrastructure : Roads, Power Growth Policy Focused & Regionally Distributed Growth, FDI attractiveness Enterprise Angel Funding, Guidance Human Capacity Quality of Human Resources : Finishing Schools Strategic Impact Final Thoughts…
TECHNOLOGY SOLUTIONS Sustainable State Strategy Financial resources Energy, water & waste Human resources Health Care Inclusive Basic services for all Affordable land and housing Social cohesion Access and mobility Well Governed Inter-govt alignment Leadership & partnerships Effective decision-making Participatory governance Final Thoughts… Productive Comparative competitive advantage Workforce skills Integrated transport Economic infrastructure
TECHNOLOGY SOLUTIONS Can we create “Plan Vehicles” ??? for Being Implementation-Centric Sustained accountability Transparency Create Plan Awareness in people Make plan info available (in popular formats) Final Thoughts…