Hoping to ride on Bengaluru's initial success with startups, Karnataka will soon become the first state to have a dedicated startup council.

The new system, states such as Telangana and Andhra Pradesh, is expected to be in place in a month or two.

Private investors, the policy says, can develop industrial areas and estates either on their own or in public-private partnership mode.

Even as the Karnataka chief minister SM Krishna is busy giving the final touches to the state's '03-04 Budget, the state-owned Karnataka St...