Bengaluru, Nov. 15 -- The Karnataka Cabinet on Thursday approved a series of technology-focused policies aimed at reinforcing the state's position as a leading innovation and research hub, including the Karnataka Information Technology Policy 2025-2030 and the Karnataka Space Technology Policy 2025-2030.

The new IT Policy, with an outlay of Rs 967.12 crore, aims to raise the IT sector's Gross State Value Added (GSVA) contribution from 26 percent to 36 percent by 2030. The government has set a target to raise software exports from Rs 4.09 lakh crore to Rs 11.5 lakh crore over the same period.

A key focus of the policy is to attract investments in emerging technologies such as AI, blockchain, quantum computing, green IT and advanced cyber...