Mysuru emerges as Karnataka’s second-largest IT exporter, generating over ₹5,000 crore annually

Karnataka’s digital growth story is expanding beyond its capital, with Mysuru rapidly transforming into a Tier-2 technology and innovation hub. Spearheaded by the Karnataka Digital Economy Mission’s (KDEM) “Beyond Bengaluru” initiative, the city is now the state’s second-largest IT exporter, generating over ₹5,000 crore annually.

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Mysuru’s rise is being fuelled by strong investments in IT, electronics system design and manufacturing (ESDM), deeptech, and global capability centres (GCCs). Over the past year, it has attracted ₹2,800 crore in new projects, including a major semiconductor joint venture, a ₹1,250 crore printed circuit board plant, and several nano-GCC facilities. Notable entrants include Hoptekai Technologies, Sharp Software Development India, and MiPhi Semiconductors, which is setting up a 200-member Global Technology Centre.

The region hosts over 1,200 startups and nearly 5 lakh sq. ft. of co-working spaces, with another 2 lakh sq. ft. under development. A 235.5-acre Electronics Manufacturing Cluster at Kochanahalli is expected to draw high-value semiconductor players.

Future prospects for Mysuru 

KDEM aims to generate $10 billion in digital revenues from Mysuru by 2030, creating 1.65 lakh jobs through the establishment of 28 large IT firms, 12 ESDM units, 12 GCCs, and over 2,800 startups. Cost advantages, abundant talent in emerging tech fields, and lower real estate rentals further strengthen its appeal.

With structured investments and targeted policy support, Mysuru is positioning itself as Karnataka’s next major technology destination, potentially emerging as the state’s second Silicon Valley by the end of the decade.