Karnataka planning new IT city outside Bengaluru, says DK Shivakumar; Investment banker shares new IT policy details

Karnataka Deputy Chief Minister DK Shivakumar announced plans for a new IT city in Bidadi, citing significant international investment interest. This initiative complements the state's new IT Policy 2025-2030, which offers substantial financial incentives to encourage tech startups to relocate to tier II and III cities beyond Bengaluru, aiming for balanced economic growth across the state.