MYSURU: Mysuru is banking on its eight engineering & 12 polytechnic schools, 5 universities, improved connectivity to Bengaluru with the launch of two Vande Bharat trains, and an Expressway, to draw investments in IT, ITeS, Electronics System Design and Manufacturing.“Mysuru has been experiencing a steady growth in its startup ecosystem, with an increasing number of entrepreneurs launching ventures across various sectors.We have 100+ startups currently operating in Mysuru, spanning industries such as technology, healthcare, education, tourism, electronics, defense and more,” says Shivashankar B, CEO, SJCESTEP, Begin-up Expertise Enterprise Incubation Centre for Mysuru.Town clearly rides on excessive hopes after the launch of a number of new initiatives — a world class superior electronics check and certification facility, proposal for organising Multi-Tenancy Clear Room for Semicon business, two Electronics Manufacturing Clusters (EMCs). Nonetheless, specialists expect extra interventions from the state and central governments to make sure that new initiatives might be carried out in line with the timeline.“Mysuru presents cost advantages and access to a skilled workforce, supported by government initiatives and a pleasant living environment, making it an attractive investment destination for IT, ITeS firms. Proximity to Bengaluru is an added advantage,” says Shivashankar.On the flip aspect, he says, Mysuru metropolis faces infrastructural limitations and difficulties in retaining expertise as a consequence of competitors from bigger IT hubs. “Also, Mysuru’s relatively lower market visibility poses challenges in attracting projects and investments, necessitating strategic efforts to enhance its profile. Core activities and large businesses need to start here to create a strong ecosystem,” he says.Sudhanva Dhananjaya, CEO of Mysuru-based Excelsoft Applied sciences, thinks town ought to have the presence of establishments of eminence, just like the IITs or IISc to spice up its analysis profile, and have higher air connectivity with tier-1 Indian cities in addition to worldwide locations.“While, ESDM and semicon industry is the declared focus, IT/ITeS should be encouraged. It is easier to start and expand,” he provides.
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