Karnataka State and Bengaluru City have been fortunate to have the IT industry as an engine of growth for the last 25 years. Today the IT industry has over 15 Lakh employed here, more than 25000 companies of which around 7,000 are startups, an export revenue of 45b$, more than 450 research labs with over 400 Fortune 500 companies getting their work done here. Bengaluru has over 125,000 chip testers and designers, the largest in the world with over 200 chip design companies even though India has no Fab. Bengaluru has more than 20000 automotive software engineers and designers, more than 10000 aeronautical engineers and designers. Lately over 500 start ups using AI and ML have come up with India’s first Fund for AI/ML being started here.