From Our Special Correspondent
Daijiworld Media Network
BANGALORE, JUNE 2: Karnataka’s Information Technology and Biotechnology Department will sign Memorandum of Understandings (MoUs) for 55 projects involving an investment of Rs 12,353 crore during the two-day Global Investors’ Meet being held in Bangalore on June 3 and 4 .
MoUs in respect of BT projects with an investment potential of Rs 1,353 crore would be signed during the seminar on BT while MoUs for IT projects would be signed on Friday to bring investment of Rs 11,000 crore, according to Karnataka’s IT, BT and Housing Minister Katta Subramanya Naidu.
Several IT majors such as Infosys Technologies Limited (Rs 700 crore), Wipro Technologies (Rs 477 crore), Manyata (Rs 2002 crore), Bhuvana Comforts (Rs 390 crore), DM Estates (Rs 336.28 crore),
Prestige Estate Projects (Rs 600 crore), ETL Infrastructure Services Limited (Rs 993 crore), L&T (Rs 615 crore), Chandra Developers Limited (Rs 459.98 crore), Tata Elexi Ltd (Rs 486 crore), Silver Jem
Energy Diodes Limited (Rs 250 crore), Nandan Biomatrix Limited (Rs 96 crore), and Xchanging Cambridge Solutions Limited (Rs 50 crore) would enter into MoUs with the government during GIM.
The Minister said the Government has decided to set up one BT Finishing School each in Bangalore and Manipal.
The Life Sciences and Engineering of C D Sagar Centre, Bangalore and Manipal Life Sciences Centre, Manipal University, would set up schools in Bangalore and Manipal, respectively. The agreements would be signed on Thursday, he said.
With employment potential among the BT graduates was just 40 %, the Biotech Policy envisaged setting up of 10 BT finishing schools with government’s support of Rs 1 crore per school. Such schools are expected to provide jobs skills to graduates/post graduates. The policy also provided for setting up of Bio Venture Fund of Rs 50 crore with 26 % equity participation by the State government, he said.
MoUs would also be signed with Bangalore Helix for a Rs 250 crore project nand Nutri-Nutraceuitcal and Phyto-Pharmaceuitcal Park (BT park) for a Rs 200 crore project, Naidu said.
The Vision Group on BT headed by Bicon CMD Kiran Mazumdar Shaw has recommended setting up of sector specific parks in tier II and III cities.
Accordingly, the government has decided to set up Neuti-Neutraceuitcal Park in Mysore, Phyto-Pharmaceutical Park in Mysore, Marine Biotech Park in Mangalore, Agri-tech Park in Dharwad, and Animal House in Bidar.
The department has initiated the process for selection of private partners for development of these parks. The selection process was in the final stages for the BT Park in Bangalore, he said.
KEONICS, a government undertaking, is entrusted with the job of developing IT parks in Mysore, Mangalore, Shimoga and Gulbarga.
An MoU would be signed for developing the IT Park at Shimoga with the investment of Rs 500 croer during the GIM. Xchanging Technology Services Limited, US, would be setting up their operations in six acres in Shimoga, he said.
Naidu said steps have been taken for opening of 20 Rural BPOs in different parts of the state. Already 10 BPOs have been functioning in different parts of the State. The government was committed to establish 100 rural BPOs to provide employment to 10,000 youth, he said.