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The Deep Tech park will support the manufacturing efforts in the spacetech, semiconductor, drones, electric vehicle, aerospace and defence industries
Four months back, state’s IT minister Priyank Kharge suggested that the government and industry bodies should collaborate to establish a deeptech innovation cluster in Bengaluru
The state government also has plans for other industrial hubs which includes development of a startup park in Hubballi
Amid Centre’s push to the deeptech sector, Karnataka is planning to build a ‘Deep Tech’ park to support the manufacturing efforts in the spacetech, semiconductor, drones, electric vehicle, electronics, aerospace and defence industries.
The industrial hub will be developed at Jangamakote in Karnataka’s Chikballapur district. The park, proposed to be named MV Deep Tech Park, is about 60 kilometres away from the city of Bengaluru.
“It is important for high tech industries to be located near a metro city and international airport, hence this is the apt location,” large and medium industries and Infrastructure development minister MB Patil said in an X post.
This move also marks Karnataka’s another leap into supporting the deeptech startup ecosystem. Nearly, four months back, the state’s IT minister Priyank Kharge suggested that the government and industry bodies should collaborate to establish a deeptech innovation cluster in Bengaluru.
At the time the minister said that as per data available till 2023, Karnataka is home to more than 250 startups who are operating in the deeptech sector and have created close to 10,000 jobs in the region.
Karnataka has been developing and promoting the deeptech sector in the state. As part of the state budget speech for the financial year 2025-26, chief minister Siddaramaiah announced an INR 300 Cr fund of funds and INR 100 Cr corpus to support the deeptech startups.
The state government also has plans for other industrial hubs which includes development of a startup park in Hubballi, economic corridor in Dharwad, plug and play facility and key industrial hub in Vijayapura and Kalaburgi.
In other efforts, the state is also planning to deploy a Centre for Applied AI for Tech Solutions (CATS) with an investment of INR 50 Cr, has introduced the Karnataka Clean Mobility Policy 2025-30 which aims to attract INR 50,000 Cr investment from the clean mobility value chain and build a testing track and state-of-the-art EV cluster with common infrastructure to boost EV manufacturing.
Although Bengaluru remains among the most prominent startup hubs in the country, but saw a plunge in terms of total funding attracted by the state’s startups. As per Inc42’s annual funding report, funding raised by Bengaluru-based startups declined 19% year-on-year (YoY) to $3.4 Bn in 2024.
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