Karnataka Digital Economy Mission 2020
- The State Govt of Karnataka has given its approval for formation of the Karnataka Digital Economy Mission. the main purpose of this mission was to boost more than 7000 start-ups, e-commerce, and other gig economy companies in the State.
About Karnataka Digital Economy Mission –
- new company will be included under Karnataka Digital Economy Mission as per Section 8 of the Companies Act, 2013. in which Karnataka state govt will have 49 per cent share and industries and other stakeholders will have remaining 51 per cent share. prior to this,
- startups, e-commerce, and gig economy companies used to oprerate under old technology mission.
- In the year 2016, Karnataka State Govt established a company called ‘Invest Karnataka’. it aimed to boost the State as an ideal investment destination. so far. the company has played an important role in promoting the State globally.