News Updates - KDEM - Technology Enabler

State offers incentives worth Rs 10,980 cr to companies in 3 years

June 10, 2026

India’s GCC boom drives IT firms toward build-operate-transfer model

As India’s GCC boom gathers pace, IT services companies are embracing the Build-Operate-Transfer (BOT) model to create new revenue streams, helping multinational clients set up and scale captive centres even as such centres compete with traditional outsourcing businesses.

June 10, 2026

Export push, free trade agreements dominate DPIIT’s UP industry meet

The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday held an industry outreach workshop in Lucknow, urging businesses to leverage free trade agreements (FTAs), focus on export-oriented manufacturing, and actively participate in govt initiatives aimed at improving ease

June 10, 2026

UP plans 50 industrial townships under Bhavya scheme

The UP govt is planning a major expansion of industrial townships across the state, with as many as 50 townships for workers and entrepreneurs proposed in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT). Work on 10 such townships is already underway.

June 10, 2026

Exponent Energy raises Rs 200 crore led by 360 ONE Asset, TDK Ventures

Exponent Energy, a startup that claims to provide 15-minute rapid charging for electric vehicles (EVs), has raised Rs 200 crore ($21.1 million) in a funding round co-led by 360 ONE Asset and TDK Ventures. The Bengaluru-based company plans to use the funds to expand its charging network for commercial electric vehicles across India.

June 10, 2026

IIT Madras To Showcase Cutting Edge Deep Tech Innovations At Bharat Innovates 2026 In France

Indian Institute of Technology Madras (IIT Madras) will showcase cutting-edge innovations, deep-tech startups and strategic research initiatives at ‘Bharat Innovates 2026’, an international technology showcase being held in Nice, France, from June 14 to 16 by the Union Ministry of Education.

June 10, 2026

Bengaluru startup sets up Rs 3 crore semiconductor testing lab at

As India pushes to build a stronger domestic semiconductor industry, Bengaluru-based AGNIT Semiconductors has opened a new testing laboratory at the Indian Institute of Science (IISc), aiming to speed up the development of specialised chips used in telecommunications and defence systems.

June 10, 2026

SEZ import relief to fast track chip projects

India’s semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality checks. This will speed up the setup of chip fabrication plants and assembly units. Companies can now import necessary equipment and materials without delays. Compliance with Indian standards will only be required when products enter the domestic market.

June 10, 2026

Semiconductor: Energy questions

India has achieved a massive total power capacity of over 446 gigawatts, but this may not be enough to anchor its semiconductor ambitions, as semiconductor fabrication demands a level of grid perfection, environmental stability, and resource volume that the current infrastructure may not be structurally equipped to deliver seamlessly.

June 10, 2026

India achieves historic progress in economy, infra under 12 years of PM Modi-led transformative governance

The electronics sector exemplifies this transformation. Exports surged eightfold from Rs 0.38 lakh crore to Rs 3.3 lakh crore, while production expanded six times to Rs 11.3 lakh crore. Mobile phone exports alone skyrocketed 163 times, from a modest Rs 0.016 lakh crore in 2014 to Rs 2.6 lakh crore in 2026. This boom, driven by the “Production Linked Incentive” scheme and semiconductor investments worth Rs 1.64 lakh crore, has created more than 25 lakh jobs and positioned India as global manufacturingHub

June 10, 2026

Milestone in IT Sector

June 10, 2026

A public goods pivot for Karnataka

We stand at an important juncture in the economic and political trajectory of Karnataka. A new chief minister takes office, opening a window to revisit the state government’s policy strategy. The objective of state policy is to maximise the welfare of the people. This requires an objective assessment of the present situation, identifying constraints, and formulating a coherent strategy for the coming years.

June 10, 2026

Rural libraries, schools to get first indigenous AI-ready PCs

June 10, 2026

‘New AI-age law needed’

June 10, 2026

India can take the lead in applying AI in industries: SAP CEO Christian Klein

SAP CEO Christian Klein believes India can lead in applying AI to industries like manufacturing and finance, rather than just replicating large language models. He emphasised workforce transformation and sees India’s talent, infrastructure investment, and government support as key to its continued tech powerhouse status amidst global AI shifts.

June 10, 2026

TCS will have as many AI agents as employees

TCS chairman N Chandrasekaran said the IT industry will no longer hire at the scale seen over the past two decades as artificial intelligence takes over parts of traditional work, signalling a structural shift for India’s $315-billion technology sector. “The company will not be hiring the kind of numbers it used to hire,” Chandrasekaran said at TCS’s 31st annual general meeting held virtually on Tuesday.

June 10, 2026

Securing India against the threat of a ‘Mythocalypse’

When it comes to Artificial Intelligence (AI), the United States is about six months ahead of the rest of the world. Within the U.S., Silicon Valley is six months ahead of New York, and within Silicon Valley, frontier AI companies are six months ahead of everyone else. Simple maths reveals where India stands vis-à-vis the AI frontier

June 10, 2026

Reliance Industries shares in focus as Meta signs landmark AI Data Center partnership in India

Reliance Industries shares are expected to remain in focus on Wednesday after global technology giant Meta Platforms announced a major expansion of its strategic partnership with Reliance Industries through an agreement to develop an AI-enabled data center in India.The project marks a significant milestone in India’s growing artificial intelligence and digital infrastructure landscape. Under the agreement, Reliance will build a state-of-the-art data center in Jamnagar, Gujarat, with an initial capacity of 168 MW, which Meta will lease with options for future expansion.

June 10, 2026

Beyond Bengaluru: Entrepreneurs and industry push growth into Karnataka’s smaller cities

Karnataka’s push to expand economic growth beyond Bengaluru is gaining traction, with entrepreneurs, businesses and government initiatives increasingly creating opportunities in tier-II and tier-III cities across the state.City & Local GuidesA notable example is Goutam Bengle, co-founder of Alt Digital Technologies, who returned to his native village in Uttara Kannada district during the Covid-19 pandemic and began working remotely. He later established a company office in neighbouring Vaddinakoppa, creating jobs for local residents while serving international clients.

June 10, 2026