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SM Krishna: Former CM who transformed Bengaluru from pensioners' paradise to a global IT hub

SM Krishna: Former CM who transformed Bengaluru from pensioners' paradise to a global IT hub


Published on 2024-12-10 02:42:36 - moneycontrol.com
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  • SM Krishna's vision, combined with India's economic liberalisation and competition from cities like Hyderabad, played a pivotal role in turning Bengaluru into a global technology powerhouse.

The article from Moneycontrol discusses the legacy of S.M. Krishna, the former Chief Minister of Karnataka, who is credited with transforming Bengaluru from a "Pensioner's Paradise" into a global IT hub. During his tenure from 1999 to 2004, Krishna implemented policies that significantly boosted the IT sector, attracting major multinational corporations like Infosys, Wipro, and IBM to set up operations in the city. His vision included infrastructure development, liberalization of the IT industry, and fostering an environment conducive to innovation and entrepreneurship. Krishna's efforts not only led to an economic boom but also put Bengaluru on the world map as a key player in the global IT industry. His initiatives included setting up IT parks, improving connectivity, and promoting Bangalore as an investment destination, which laid the foundation for the city's current status as India's Silicon Valley.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/india/sm-krishna-former-cm-who-transformed-bengaluru-from-pensioners-paradise-to-a-global-it-hub-12886398.html ]
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