Karnataka, the favorite IT (Information Technology) and BT (Bio Technology) hub of India is all set to receive huge investments from as many as 55 companies. Various IT and biotech firms have come forward and proposed investments of nearly Rs.12,500 crores in the knowledge center of India.
IT and BT minister, K. Subramanya Naidu confirmed that various national and international companies are showing keen interest in expanding their operations in the region. Companies like TCS, Wipro, Infosys, Tata Elxsi, Xchanging Technology Services Ltd, Makado Energy, Silver Gem Energy Diodes Ltd, Applied Materials and numerous others are planning to set up operations in the proposed Information Technology Investment Region (ITIR) at Devanahalli near the Bangalore International airport. The state government has already entered into memoranda of understanding with 55 IT and BT firms at the Global Investors Meet (GIM 2010) on June 3. It is now expected to constitute a management board to govern the ITIR and the state empowered committee under the chairmanship of the chief minister.
Since Bangalore has been long prosperous with an influx of IT and BT firms, the government is now shifting focus to other tier-II and III cities of Karnataka. Investors are happy that they are getting support from the government as it is going to help in smooth implementation of the projects. It is encouraging not only well established brands but also entrepreneurial start-ups to pump in money into the state. Around 2,200 acres in its first phase, ITIR is expected to see IT parks, Special Economic Zones (SEZs), integrated townships equipped with modern amenities, excellent connectivity and much more. The Software Technology Parks of India (STPI) in the electronics city, on the outskirts of Bangalore is to see a Characterization Lab that deals with nanotechnology at Orchid Tech Space.
No comments:
Post a Comment