Blaming it on the "ineffective" bureaucracy and "very confused" ruling coalition in Karnataka, Kiran Mazumdar-Shaw, managing director of Biocon Ltd on Friday said infrastructural woes were impeding the growth of Bangalore.
Shaw also said future expansion of her company would not happen in Karnataka as the government is not supporting the industry (in general).
India's richest businesswoman said Bangalore is no longer the "venue of choice when it comes to at least showcasing India".
"Today, Hyderabad, to some extent, had overtaken Bangalore. Even US President George W Bush went to Hyderabad (during his recent visit to India)...didn't come to BangaloreĀ that was largely as a result of Bangalore's failing infrastructure", Mazumdar-Shaw told PTI.
She severely criticised the previous Congress-JD(S) coalition headed by Dharam Singh which collapsed earlier this year following withdrawal of support by the Kumaraswamy-led group and also attacked the bureaucracy in a strong language.
In cases where politicians are "irresponsible" but bureaucracy is strong and effective, "you see progress".
"Here unfortunately, bureaucracy seems to be as ineffective as the government. You can almost say that one is almost complimenting the other.
It's a serious situation", she said. "If you don't have a bureaucracy that's effective, it's very, very bad for a state", Mazumdar-Shaw said. "It's likely to continue. That's why I don't see hope".
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Discussion Group.
© 2025