‘IT sector boosts Banglore’s per capita income’

Published: 05th June 2012 12:24 PM  |   Last Updated: 05th June 2012 12:24 PM   |  A+A-

The per capita income of the city is Rs 3,25,000 due to the Information Technology (IT) sector, said chairman of Manipal Universal Learning T V Mohandas Pai here on Monday. Speaking at the curtain raiser of Global Investors Meet (GIM-2012) Pai said that the per capita income of the six crore plus population of the state was `88,000.

The GIM did not enjoy the complete support of the corporate sector. However, it was assured of continued support by trade bodies and corporates. Attributing the high income to the prosperity of the state’s investment and industrial climate, Pai suggested that the GIM should be used to create more jobs in the state.  Speaking on behalf of the private sector, Pai said that GIM should be able to churn out 20-25 lakh jobs within the next few years.

Minister for Industries Murugesh Nirani said, “Industry uses 0.5 per cent of the total land but contributes 54 per cent to the state GDP whereas agriculture uses almost the remaining percentage but contributes to only 14 percent of the GDP.”

Reiterating that Karnataka was the only state to have a land bank, he said that 1,20,000 acres had been identified while 86,000 acres had been given preliminary notification and 42,000 acres had been given final notification. “Currently, we have 30,000 acres of readily available land in the state for industries,” he said.

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