Mr. Patil said the electronics sector held the key to growth in the future. He said that domestic manufacturing of electronics is the need of the hour. “If the rupee is to be stabilised, we will have to focus on domestic manufacturing,” he said, pointing out that Karnataka was the first to submit a proposal to the Union government for cluster development for electronics manufacturing.

The State aims at increasing IT exports from the present Rs. 1.35 lakh crore to Rs. 4 lakh crore by 2020. In the same period, the government said that it will incubate 1,000 start-ups and employment generated by the sector will increase from 8 lakh to 20 lakh.