The 2024 Global Business Forum (GBF) in Bengaluru stands as a testament to the robust and diverse sectors driving Karnataka's economy. Hosted in Bengaluru, Karnataka's dynamic capital, this event convenes delegates from over 200 cities worldwide. It presents a unique opportunity to delve into the varied industrial sectors that form the backbone of Karnataka's economic landscape.

This forum is more than just an event; it's a gateway to explore and engage with the sectors that are propelling Karnataka's growth, with B2B matchmaking supported by the Bangalore Chamber of Industry & Commerce (BCIC). Representing a significant portion of Karnataka's industrial investment and workforce, BCIC plays a pivotal role in highlighting the potential within these sectors. From technology to manufacturing, and from startups to established enterprises, the 2024 GBF is where business opportunities unfold. Discover the richness and diversity of Karnataka's industry sectors by clicking the down arrow beside each sector to learn more.

The following B2B sector insights are courtesy of Bangalore Chamber of Industry and Commerce (BCIC).


Agricultural sector has contributed 14% to India’s GDP. The exports of agricultural and processed food products are approx. US$ 14.275 billion.

India is considered one of the biggest producers of agricultural product, and one of the most suitable places for Agro-Processing industries with 157.35 million hectares of agricultural land.

India holds the 2nd largest agricultural land in the world.

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Karnataka's per-capita GSDP is the highest among the Top 5 states and, indeed, one of the highest in the country, the result of a substantial 66% contribution to the state economy by the services sectors with incredibly high value-add through manufacturing like hardware automobile engineering, chip systems design, electronics manufacturing, and others.

The economic impact of Karnataka's automotive sector is profound, contributing significantly to the state's GDP and employment generation.

The state's automotive prowess extends beyond domestic consumption, with a substantial portion of vehicles manufactured in Karnataka finding their way into international markets, contributing to India's export figures.

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The Indian Civil Aviation Maintenance, Repair & Overhaul (MRO) market, at present, stands at around $900 million and is anticipated to grow to $4.33 billion by 2025, increasing at a Compound annual growth rate (CAGR) of about 14-15%.

Increase in airports to 340 from the present 140 functional airports and with the increase in UDAN flights have resulted in the airline operators scrambling to meet the demand in the next five years.

The Indian Airports are working towards achieving Carbon Neutrality and net Zero which inter-alia includes the use of green energy. Presently, 66 airports across the country are running with 100% Green Energy.

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Karnataka, India's biotech capital, is home to over 60% of all biotechnology companies in India having a base in Bangalore and driving 50% of the total revenues in the national biotechnology sector. Karnataka is the destination of choice for global and domestic biotech investments in India.

The Bioeconomy of the state grew to $27.1 billion in 2022 with 155 new biotechnology startups registered in the state in 2022 — on an average a total of 13 biotech startups every day and a cumulative total of startups grew to 632.

India aspires to achieve a $150 billion bioeconomy by 2025, and further elevate it to $300 billion by 2030.

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India’s education and skills market will double throughout this decade, from US$180 billion in 2020 to US$313 billion in 2030, while creating 5 million incremental jobs and impacting 429 million learners. 

68% of India’s population is young and 55% of its population is in the age group of 20-59 (working population) in the year 2020 and is estimated to reach 56% of the total population by 2025. 

India will add 140 million middle-income and 21 million high-income households by 2030, which will drive the demand and growth of the Indian education space.

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There is a growing demand for heavy machinery and equipment in India, particularly in sectors such as power, oil and gas, and steel.

India is investing heavily in infrastructure development, with projects such as the construction of new highways, railways, airports, and smart cities.

India is also investing in research and development in the heavy engineering domain, particularly in areas such as renewable energy, aerospace, and defense.

With the support of government initiatives such as 'Make in India' and 'Startup India', mechanical engineers can start their own businesses in the heavy engineering domain.

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It has been noted that Information Technology (IT) Services and Information Technology Enabled Services (ITeS)-Business Process Outsourcing (BPO) segments have been responsible for impacts on the growth of Indian economy.

The drivers for outsourcing have moved beyond cost-saving to include other key influencers such as need for sustained performance improvement, access to the global talent pool, need for a flexible and scalable organization, prompting organizations to re-evaluate and restructure their outsourcing strategies.

ITeS-BPO is moving up the value chain and the industry now caters to the requirements of high-end BPO services. In India, the industry has now been renamed as “Business Process Management” considering the complexities and nature of work carried out by the Indian Service Providers in IT enabled Business Process Services (BPS).

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In recent years, Karnataka has witnessed a metamorphosis in its manufacturing industries, driven by technological advancements, globalization, and a proactive government.

The Atmanirbhar Bharat initiative has left an indelible mark on Karnataka's industries with a call for self-sufficiency that has led to a re-evaluation of supply chain dependencies, fostering the development of indigenous capabilities. In Karnataka, this has translated into increased investments in research and development, skill development programs, and the creation of manufacturing clusters.

In the automotive sector, Karnataka is witnessing a surge in domestic manufacturing capabilities, with a focus on electric vehicles (EVs) and alternative fuel technologies. The aerospace industry is aligning with Atmanirbhar Bharat by strengthening partnerships between public and private enterprises to develop critical components and systems domestically.

Karnataka's manufacturing industries are incorporating eco-friendly practices, emphasizing circular economy principles, and demonstrating a commitment to environmental stewardship.

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Data from a property consultancy firm states that sales of luxury homes saw a 142% jump in Bengaluru in the first quarters of the calendar year 2023. A record 9,220 luxury homes were sold in the city between January and September 2023, up from 3,810 homes sold in the same period in 2022.

According to the latest reports, in the past five years, the Non-Resident Indian (NRIs) buying properties in Bengaluru has gone from 4% to 29%.

The newly inaugurated Bengaluru-Mysuru Expressway, much anticipated Bangalore-Vijayawada Expressway and Bengaluru-Chennai expressway will only intensify the housing demand in the city.

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The Indian DeepTech startup landscape has matured significantly, boasting over 3,000 startups that have achieved an impressive 53% Compound Annual Growth Rate (CAGR) in the past decade.

Out of the 3,000+ startups, approximately 500 startups fall into the category of Inventive DeepTech startups, focusing on areas such as video analytics, data analytics platforms, customer engagement platforms, healthcare diagnostics, autonomous driving, and automation robots.

In 2021, the Indian DeepTech startup ecosystem reached a tipping point, with 78% of these startups adopting a B2B business model.

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India is the world’s second-largest producer of textiles and garments. It is also the sixth-largest exporter of textiles spanning apparel, home and technical products. India has a 4.6% share of the global trade in textiles and apparel.

Bengaluru city is known as the Garment Capital of India.

The state of Karnataka contributes 65% of silk, 12% of wool, 6% of cotton to the national production

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Karnataka proudly boasts a rich cultural tapestry, featuring iconic landmarks like the Mysore Palace and the UNESCO World Heritage Site, Hampi.

Karnataka is not just a repository of cultural heritage but also a thriving centre for technological progress.

Karnataka Tourism aptly embodies the slogan "One State Many Worlds," offering a diverse range of experiences that cater to various interests and preferences. Whether one seeks cultural exploration, culinary adventures, encounters with nature, business opportunities, or luxurious indulgence, Karnataka has something to offer for every traveler.

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