Karnataka’s new R&D policy aims to boost research at all levels

08 Aug 2022 CW Team

The state cabinet has approved the Karnataka R&D policy which seeks to give a big boost to research and innovation from the garage to the institutional level, Chief Minister Basavaraj Bommai has said.

The Chief Minister was speaking at the 3rd Edition of ‘Sankalp Se Siddhi’ Conference in which Union Home Minister Amit Shah too participated.

Bengaluru is home to over 400 research and development centres of international repute from genomics to the aerospace sector and no other city in the world could boast of such a huge presence of R&D centres, Bommai said.

On industry in the state, he said, “We have formulated an employment policy which seeks to incentivise industries for the number of jobs provided; similarly the state has prepared a semiconductor policy, electric vehicle policy, and renewable energy policy. Karnataka has signed memorandums of understanding for a total investment of Rs 11 trillion in the renewable energy sector.

“Production of hydrogen fuel and ammonia from seawater is being taken up in the state. Industries have contributed immensely to the development of Karnataka and the state has always recognised it,” Bommai said.

“Karnataka is surging ahead of western nations in IT, BT and high-tech sectors. We have a target of contributing $1 trillion for India’s mission of emerging as a $5 trillion economy. Sectoral plans are being formulated to achieve this,” Bommai claimed, adding that the state has made huge strides in agriculture too.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..