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Karnataka Government Incentivizes US Companies and Startups to Relocate from Bangalore to Tier-2 Cities

Karnataka Government Incentivizes US Companies and Startups to Relocate from Bangalore to Tier-2 Cities

Author:

Global Cryptocurrency

Published:

2025-11-18 14:08:02

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BTCCSquare news:

Bangalore, once celebrated as India's Silicon Valley for attracting multinational corporations to offshore backend services, now faces overcrowding due to rapid migration and unchecked growth. The Karnataka government is offering tax rebates and incentives to startups, fintech firms, and US companies willing to shift operations to Tier-2 cities like Mangalore, Mysore, and Hubballi.

The policy aims to decongest Bangalore while distributing economic opportunities across the state. This strategic move could reshape India's tech landscape, though its impact on crypto-related firms—often clustered in urban hubs—remains uncertain. No direct cryptocurrency or exchange mentions were identified in the context.

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