Karnataka launched the country\u2019s maiden Engineering Research & Development (ER&D) Policy to raise its contribution to the sector in the country to 45% in the next five years.<\/p>\n\n\n\n
The State government anticipates the policy has the potential to create over 50,000 jobs in the ER&D space in five years.<\/p>\n\n\n\n
According to industry apex body Nasscom, ER&D has the potential to become a $100-billion industry in the country in the next five years.<\/p>\n\n\n\n
The ER&D sector in the country is the fastest growing industry with a CAGR of 12.8%. Meanwhile, the global engineering research and development industry is expected to reach a spend of $2 trillion by 2025.<\/p>\n\n\n\n
The new policy has identified five key focus sectors such as aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka launched the country\u2019s maiden Engineering Research & Development (ER&D) Policy to raise its contribution to the sector in the country to 45% in the next five years. Daily Current Affairs Quiz 2021 The State government anticipates the policy has the potential to create over 50,000 jobs in the ER&D space in five years. According […]<\/p>\n","protected":false},"author":404,"featured_media":38059,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1400],"tags":[86],"offerexpiration":[],"class_list":["post-38058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2021","tag-karnataka-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/38058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=38058"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/38058\/revisions"}],"predecessor-version":[{"id":38060,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/38058\/revisions\/38060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/38059"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=38058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=38058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=38058"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=38058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}