Karnataka govt to focus on 5 key sectors for job creation

News Network

October 23, 2020

Bengaluru, Oct 23: With a view to increasing its share in the country’s digital economy, Karnataka would focus on 5 key sectors for job creation and ease of doing business,” state Industries Minister Jagadish Shettar said on Thursday.

“We are focusing on 5 key sectors — artificial intelligence (AI), aerospace, automobiles, biotechnology and Internet of Things (IoT) to attract investments from the world over and generate about 70,000 jobs across the state,” said Shettar at the 7th national forum of the Public Affairs Forum of India (PAFI) in the virtual meet.

The New Delhi-based forum is a platform for corporate and public affairs practitioners and has members from large and medium firms from across the country, including Indian and overseas firms.

“The state government is skilling its workforce so that the industry can hire them for commencing operations at the earliest,” said Karnataka Chief Minister B.S. Yedyiurappa on the occasion.

Asserting that the state government was taking measures to sustain the economic growth amid the Covid pandemic, Shettar said Karnataka was the hub of IT services in line with its newly introduced IT policy for 2020-25.

“We are focussing on the new Industrial policy and the Industrial Facilitation Act to ensure investors implement their projects at the earliest,” said Shettar on the occasion.

The southern state has attracted investment proposals valued at Rs 1.38 lakh crore in 2020, the minister claimed.

“Our new industrial policy aims to create about 20 lakh jobs in diverse sectors spanning manufacturing and services over the next 5 years,” said Shettar.

State industry secretary Gaurav Gupta said the state government helped the industry to revive growth after the Covid-induced lockdown was lifted gradually since May.

“The pandemic has taught us the importance of building a strong value chain. We offer supply chains to industries, de-risk their operations and strengthen the local ecosystem for sustainable solutions,” said Gupta.

US-India Chamber of Commerce president Nisha Biswal said Karnataka was a harbinger of opportunity India seeks to capitalise on, post-pandemic, in the knowledge economy or the service sector.

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From Dubai boom to Bengaluru backlash: Inside CJ Roy’s journey

News Network

January 31,2026

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

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