Technology sector in Southern Indian states set for significant expansion, according to CBRE-CII report, fueled by a varied economic foundation, highly skilled workforce, superior infrastructure, and forward-thinking government measures.
India's southern states are gearing up for significant economic growth, with each state setting ambitious targets to become a trillion-dollar economy. According to the report 'Shaping The Future: The Real Estate Vision 2030 For Karnataka And Beyond' by CBRE South Asia and CII, here's a snapshot of the strategic priorities for each state:
Karnataka
Karnataka aims to achieve a USD 1 trillion economy by 2032. The state is focusing on decentralising growth beyond Bengaluru, strengthening research and development, and accelerating manufacturing. The report highlights a district-wise focus on sectors such as automobile, pharmaceuticals, and machinery. Additionally, Karnataka is boosting coastal and eco-tourism to attract more visitors.
Tamil Nadu
Tamil Nadu is positioning itself to reach a USD 1 trillion economy by 2030. The state is deepening its industrial leadership by promoting smart manufacturing across electric vehicles, semiconductor manufacturing, and niche electronics. Tamil Nadu is also developing industrial townships and port-led industrial corridors for seamless logistics.
Telangana
Telangana is pursuing a USD 1 trillion economy by expanding its IT/GCC base, scaling life-sciences and advanced manufacturing, and strengthening city-region infrastructure and talent pipelines. The state is also focusing on improving infrastructure and housing and attracting investment into niche manufacturing and high-value services.
Kerala
Kerala aims to achieve a USD 1 trillion economy by 2047. The state is unlocking tourism and services, expanding knowledge-economy exports, and improving infrastructure and housing. Kerala is also considering strategically developing and implementing dedicated policies targeted at sectors such as data centres, fintech, and semiconductors.
The growth is evident across a diverse spectrum of industries, notably IT/ITeS, tourism, and critical manufacturing sectors such as automotive and electronics. The southern states are experiencing high growth in technology and the scaling of global capability centres (GCCs) in sectors like electric vehicles, electronics, and aerospace. Life sciences are gaining prominence, particularly in Hyderabad and Bengaluru, backed by the presence of global R&D centres and innovation parks.
Rising interest in data centres, premium residential developments, and warehousing is shaping the next wave of real estate growth across both metro and tier-II locations in Southern India. The report frames the USD 1 trillion goal as both a calendar target and a set of strategic levers for each state — infrastructure (roads, rail, airports, digital), social amenities (housing, healthcare, education), and sectoral hubs (industrial/tech parks) — with specific callouts for decentralising activity into tier-II and tier-III cities for Karnataka.
In conclusion, the southern states of India are poised for a period of significant economic growth, with each state focusing on specific strategic priorities to reach their trillion-dollar goals. The report 'Shaping The Future: The Real Estate Vision 2030 For Karnataka And Beyond' provides a comprehensive overview of these priorities and the strategic levers each state is using to achieve their objectives.
- Karnataka's vision is to become a USD 1 trillion economy by 2032, with a focus on decentralizing growth beyond Bengaluru, strengthening research and development, and accelerating manufacturing.
- Tamil Nadu aspires to reach a USD 1 trillion economy by 2030, deepening its industrial leadership by promoting smart manufacturing across various sectors like electric vehicles, semiconductor manufacturing, and niche electronics.
- Telangana pursues a USD 1 trillion economy by expanding its IT/GCC base, scaling life-sciences and advanced manufacturing, and strengthening city-region infrastructure and talent pipelines.
- Kerala aims to achieve a USD 1 trillion economy by 2047, unlocking tourism and services, expanding knowledge-economy exports, and improving infrastructure and housing.
- Across industries, the southern states are witnessing high growth in technology, the scaling of global capability centres (GCCs) in sectors like electric vehicles, electronics, and aerospace.
- Life sciences are gaining prominence, particularly in Hyderabad and Bengaluru, backed by the presence of global R&D centres and innovation parks.
- Rising interest in data centres, premium residential developments, and warehousing is shaping the next wave of real-estate growth across southern India, both in metro and tier-II locations.
- The report 'Shaping The Future: The Real Estate Vision 2030 For Karnataka And Beyond' suggests that infrastructure development (roads, rail, airports, digital), social amenities (housing, healthcare, education), and sectoral hubs (industrial/tech parks) are key strategic levers for each state, with a notable emphasis on decentralizing activity into tier-II and tier-III cities for Karnataka. This is all part of the southern states' broader plan to reach their respective trillion-dollar goals, as outlined in the report.
