Karnataka is located in the southern region of India. The state is surrounded by the Arabian Sea in the west, Goa in the northwest, Maharashtra in the north, Andhra Pradesh in the east, Tamil Nadu in the southeast, and Kerala in the southwest. Karnataka is termed as the Knowledge Capital of India. At current prices, the Gross State Domestic Product (GSDP) of Karnataka stood at about INR 12.69 trillion (USD 196.88 billion) in 2017-18. The GSDP (in INR) of the state grew at a CAGR of 13.11 percent between 2011-12 and 2017-18. The state’s per capita GSDP was INR 193,409 (USD 3,001) in 2017-18. The per capita GSDP (in INR) increased at a CAGR of 11.89 percent between 2011-12 and 2017-18. The state has attracted Foreign Direct Investment (FDI) equity inflows worth USD 32.72 billion during the period April 2000 to June 2018, according to data released by Department of Industrial Policy and Promotion (DIPP). Karnataka has vibrant automobile, agro, aerospace, textile & garment, biotech and heavy engineering industries. The state has sector-specific SEZs for key industries such as IT, biotechnology, and engineering, food processing and aerospace. Merchandise exports from Karnataka reached USD 18.05 billion in 2017-18 and reached USD 8.87 billion in April-September 2018. Karnataka has wide range of fiscal and policy incentives for businesses under the Karnataka Industrial Policy, 2014-19.