The Development Of Machinery And Textile Industry In India Karnataka Province Is Better Than That Of Other Provincial Capitals.

According to a research survey conducted by Mckinsey, a well-known business management consultancy, for the global R&D industry executives, India

Maharashtra Province, Haryana province and Andra Pradesh province rank among the top 15 regions in the world to attract outsiders to invest in the R&D industry. Among them, Karnataka province is the first choice for foreign businessmen to invest in the R&D industry in India.

The survey also showed that 16% of respondents tended to set up the R&D department in India province Karnataka before 2016. In the cities' evaluation, the provincial capital Rolle (Bangalore) ranked third, second only to mainland China's Shanghai and Brazil St Paul, indicating that multinational enterprises have deep confidence in Karnataka province's conditions and environment for the development of R&D industry.

The main reason for Karnataka's investment in attracting R&D industry lies in its rich high-quality workforce. The province has 1078 tertiary institutions, 1143 vocational training centers, 108 R & D centers, and a large number of professional and technical talents, prompting countries to set up R & D centers here.

In addition, Karnataka Province, especially the information technology industry, is known all over the world. The capital of India is known as the Silicon Valley of the capital, and more than 2000 IT companies are gathered here, of which 700 are multinational companies and 87 are Fortune five hundred enterprises.

In addition, the province is in the pharmaceutical biotechnology, aerospace industry, machinery industry, automotive components industry,

The development of mining industry is also the top spear of India's provinces.

According to the statistics of the Ministry of Commerce and industry of India, India's FDI inflow amounted to US $162 billion 306 million between 2000 and February 2012, of which the amount of investment in Karnataka Province amounted to US $9 billion 610 million, accounting for third of the total number of provinces in the province of Mumbai, and only third after Mumbai and New Delhi.

Foreign investment in Karnataka province mainly includes IT, automobile spare parts, machinery industry, medicine and biotechnology, textile industry, mining industry and so on.