I have to introspect, says outgoing Chief Minister Krishna | Latest News India - Hindustan Times
close_game
close_game

I have to introspect, says outgoing Chief Minister Krishna

PTI | ByPress Trust of India, Bangalore
May 14, 2004 12:11 AM IST

SM Krishna's efforts to snatch back the IT glory for Bangalore from Naidu's Cyberabad contributed to the defeat of his Government.

Karnataka Chief Minister S M Krishna's exit from power may not be as dramatic as his Andhra Pradesh counterpart, but his efforts to snatch back the IT glory for capital Bangalore from Chandrababu Naidu's Cyberabad contributed to the defeat of his Government.

HT Image
HT Image

Beating Naidu in his own game of generating hype, Krishna got investment proposals to the tune of Rs 25,000 crore in the Global Investors Meet (GIM) within a year of occupying office projecting Karnataka as an investment destination, but soon found wanting for the promised money coming, as it was ahead of a economic downturn.

Hindustan Times - your fastest source for breaking news! Read now.

Though there were huge promises for IT investment, it was hit by the dotcom burst followed by the technology downturn that saw a vacuum in investments. But it picked up rapidly in the later part of his tenure as Bangalore gained attention with India becoming the preferred offhsore destinations by global IT firms.

For Krishna's credit, his BATF, the public private partnership in urban governance became a model that is being replicated in other Indian cities.

Krishna, who held the finance portfolio, tried to improve the fiscal situation of the state with the Medium Term Fiscal Reforms, which was even lauded by World Bank Chief, but could not hold on due to drought, which hit the state for three consecutive years.

"I have to introspect", Krishna said after the electorate rejected his Government, virtually admitting his neglect of the rural areas and urban centric governance cost him the job.

The fulbright scholar continued the IT.COM launched by his predecessor, and also launched Bangalore Bio, to promote Biotechnology, but thrust on the new economy sectors resulted in neglect of the manufacturing sector.

Some of the IT projects like Bhoomi, the land record computerisation programme and Khajane, the treasury management project were a success, but "BangaloreOne", the citizen delivery portal turned a cropper despite a high profile launch by Microsoft chairman Bill Gates.

Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch Now!

Get Updates on India News, Farmers Protest Live alongwith the Latest News and Top Headlines from India and around the the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, February 22, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On