The software industry in Karnataka state in India has become one of the main pillars of economy. Karnataka stands first among all the states of India in terms of revenue generated from software exports. Software exports from Karnataka amounted to excess of 48,700 crores ($11.6 billion) in the year 2006-2007. This achievement has earned Karnataka's capital city, Bangalore the sobrəűŤŤȚșšŠiquet of Silicon Valley of India. This is because of the presence of major software companies in Bangalore and the revenue generated by exports of computer software. Though most software companies are located in Bangalore, some have settled in other cities like Mysore, Mangalore and Hubli in Karnataka. The Nandi Hills area in Devanahalli outskirts is the site of the upcoming $22 Billion, 12,000-acre (49 km2) BIAL IT Investment Region, one the largest infrastructure projects in the history of Karnataka. This edeavor expected to create four million jobs over by the year 2030. The infrastructure required for setting up software industries in Karnataka is provided by STPI. The software industry in Karnataka includes companies dealing with various fields like telecommunication, banking software, avionics, database, automotive, networking, semiconductors, mobile handsets, internet applications and business process outsourcing.
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“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)