Karnataka to buy land for IT investment region near Bangalore

Bangalore, July 19 (IANS) The Karnataka government will initiate the process of acquiring about 2,072 acres of land to develop the Information Technology Investment Region (ITIR) near the Bangalore international airport, a senior official said Friday.

"We are soon going to issue the final notification to acquire the land required for the first phase of the region, as the central government had cleared the project in early June," state Industries Secretary M.N. Vidyashankar told IANS here.

The preliminary notification was issued in 2012 to acquire the lands at prevalent market rate from farmers and land owners after the central and state governments agreed in principle to set up the investment region, the first of its kind in the country, under the public-private partnership (PPP) at Devanahalli, about 40km from here.

"The IITR is projected to attract global investments worth Rs.2 lakh crore and create a million jobs over the next 10 years in knowledge-based industries, including software and hardware firms with entire supply chain," Vidyashankar said.

The region will also have a residential township, an airstrip, high-speed rail network, shopping plazas, hospitals, schools and recreational facilities for the communities living there.

"The knowledge park will be a self-sustainable integrated investment region for setting up software firms, back offices and a hardware park for electronics cluster, including chip designing and manufacturing units with world class infrastructure facilities," Vidyashankar said.

Indian IT bellwethers TCS, Infosys and Wipro have shown interest in setting up their software development centres in the region.

"Companies in the region will be entitled to tax and other incentives similar to those being provided under the SEZ (special economic zone) policy by the central government," Vidyashankar noted.

The state government has appointed international consultancy firm Deloitte to prepare an RFP (request for proposal) documents and terms and conditions for the global tender to select project developers, he said.

Noting that the ITIR project was a mega and prestigious project for Karnataka, state IT and BT Minister S.R. Patil said when the entire region is fully developed in two phases by 2020 and 2032, the new tech hub would create four million direct and indirect jobs in the knowledge sector.

"An additional 8,000 acres of land will be acquired after commencing the first phase project, which will be built in a modular way so that both the phases can be integrated seamlessly and become a new tech hub for the city," Patil said.

The Karnataka State Industrial Development Board (KIADB) has identified the additional land (5,090 acres), which is adjacent to the total land (5,400 acres) in first phase and falls under Doddaballapur across Devanahalli town.

Besides Karnataka, states like Andhra Pradesh, Tamil Nadu and Orissa have proposed to set up ITIRs and had approached the central government for approval.

Matches

MORE TOP STORIES TODAY

Kallis, Narine star in Knight Riders’ crushing win

Kallis, Narine star in Knight Riders’ crushing win

An all-round display saw Knight Riders thump Mumbai Indians by 41 runs in the IPL-7 opener. More »

Pietersen to miss Delhi's first game

Pietersen to miss Delhi's first game

The former England batsman will have to lead the franchise as he is out of the match against Bangalore with a finger injury. More »

Srinivasan named in fixing report: SC

Srinivasan named in fixing report: SC

The court emphasised that the tainted administrator can no longer work for the BCCI. More »

'If you do the wrong thing it will be found out'

'If you do the wrong thing it will be found out'

'Everyone knows what is right and what is wrong and if you do the wrong thing it will be found out' More »

Why I'm not looking forward to the IPL

Why I'm not looking forward to the IPL

Welcome to another season of a league that many watch but few trust. More »

Mitchell Johnson may quit T20s for Test cricket

Mitchell Johnson may quit T20s for Test cricket

Australia's Mitchell Johnson may quit limited-overs cricket to prolong his test career with an eye on the 2015 Ashes series in England, the fast bowler… More »

There's a lot going on: Fleming

There's a lot going on: Fleming

He experienced anxious moments in the lead-up to the tournament as the courts decided on whether to suspend the franchise, he said, but stressed that the… More »

Latif couldn’t work with tainted players

Latif couldn’t work with tainted players

Former Pakistan cricket captain Rashid Latif said Tuesday he turned down the job of national chief selector because he could not work with ex-players tainted… More »

We are not over-confident: Bailey

We are not over-confident: Bailey

Indian Premier League — George Bailey-led Kings XI Punjab will face Chennai Super Kings on Friday. More »

Taxing issue — BCCI hits roadblock

Taxing issue — BCCI hits roadblock

MoU between BCCI & its units to avoid double taxation delayed after a few decline to share details. More »

Big runs expected, with bat and ball

Big runs expected, with bat and ball

Royal Challengers Bangalore: Their main concern, once again, is the fast bowling More »

Black Caps pick rookie duo for West Indies

Black Caps pick rookie duo for West Indies

New Zealand selectors included two new caps in a 15-man Test squad named Tuesday to tour the West Indies, with injury-hit spinner Dan Vettori's future… More »

The stage is set for IPL-7 to start

The stage is set for IPL-7 to start

The Preview — Defending champions Mumbai Indians take on Kolkata Knight Riders More »

Srinivasan appeals to court to allow BCCI comeback

Srinivasan appeals to court to allow BCCI comeback

He was aggrieved by the allegations against him during the hearing. More »

Klinger on his exit from South Australia

Klinger on his exit from South Australia

Michael Klinger has revealed he felt compelled to leave South Australia after being told he would be only a fringe part of the Redbacks' plans for next season, and disputed the suggestion that he left… More »

India: cricket's Brazil

India: cricket's Brazil

They are tough to beat with a big talent base exposed to good facilities. (CYCSPL) More »

Delhi Daredevils say no to gifts

Delhi Daredevils say no to gifts

Franchises are doing their bit to refurbish the image of the tainted league. More »

India-Pakistan Test series likely in 2015

India-Pakistan Test series likely in 2015

The revival of Indo-Pak Test ties could take place in UAE. More »

Kohli hopes to end RCB trophy drought

Kohli hopes to end RCB trophy drought

'This time around we will hope to go few more steps ahead and actually get that trophy' More »

Gavaskar can help IPL regain glory

Gavaskar can help IPL regain glory

Apart from the foreign players a lot of behind-the-scene activity has taken place in selecting the Indian domestic players. More »

Tendulkar, Ganguly to promote soccer

Tendulkar, Ganguly to promote soccer

Leading Spanish club Atletico Madrid and former cricketers Sachin Tendulkar and Sourav Ganguly are among the owners of eight franchises of a new Indian… More »

This isn’t my first trip to India: Neesham

This isn’t my first trip to India: Neesham

Kiwi all-rounder wants to utilise the India leg to explore the country’s tourist attractions. More »

Ishant wanted to quit ODIs

Ishant wanted to quit ODIs

Says his mother made him change his mind. More »