From the World Economic Forum terming it an 'Innovation Hub' to Barack Obama urging schools in America to complete against Bangalore' and the sobriquet 'The Silicon Valley of India', Bangalore has taken its development to rapid strides when it capitalized on the growth in Information Technology, Outsourcing, Off shoring, Biotechnology, Aviation and Knowledge intensive industries.
The World Bank study in the year 2009 entitled 'Investment Climate among 16 States' ranked Karnataka as No 1 in investment climate. The state was the first to bring the 'Industrial Facilitation Act'. Karnataka has streamlined procedures for Investors through its Single Window Mechanism.
Karnataka's industrial relations make sure that not a single day is lost due to industrial disputes in the state of karnataka.
Depiction of Karnataka as a knowledge hub and a rapid growing economy is credited to its peaceful industrial relations.