Yet Another Feather on Yeddy’s Cap : ITIR in Bangalore at Rs 2 Lakh Crore
From Our Special Correspondent
Daijiworld Media Network
BANGALORE, JUN 1: Even as the B S Yeddyurappa regime is leaving no stone unturned to mop us an unprecedented Rs 4 lakh crore investiment proposals at the Global Investors’ Meet being held in the city on June 3 and 4, Karnataka is planning to set up an Information Technology Region (ITIR) with the support of Centre at an estimated cost of Rs 2 lakh crore.
The ITIR, an integrated IT city with all physical and social infrastructure, is proposed to be set up near Devanahalli in the vicinity of the Bangalore International Airport Ltd (BIAL) on a 10,000 acre plot in a phased programme.
The first phase of the ITIR would come up on 2,200 acres involving investment of Rs 40,000 crore in another 3-4 years. The second phase would involve investment of Rs 1,60,000 crore and would be implemented in the 10-15 years.
Giving this information at a news conference, Karnataka’s IT/BT and Information Technology Minister Katta Subramanya Naidu said 55 companies have evinced interest in setting up operations in the ITIR. Many developers have come forward to establish IT parks.
CM greets Murugesh Nirani on his birthday
ITIR would be governed by a management board and the state empowered committee headed by Chief Minister B S Yeddyurappa, which would take decision on all matters of the project, the minister said.
“We hope to get over Rs 2 lakh crore investment having potential of creating over three million jobs,” Naidu said.
Several major IT companies have evinced interest to set up their companies. KEONICS is the nodal agency for the ITIR and the US based Deloitte had prepared the detailed project report, which has been submitted to the Centre along with the project proposal.
The State Government has also conducted a feasibility study on the project and has prepared a draft legislation to set up the ITIR, which has been submitted to the Centre for its suggestions.
A Bill on the proposed ITIR would come up in the monsoon session of the State legislature meeting later this month, he said.
The Centre would support the State government in creating infrastructure facilities such as metro rail links, rail connection and roads. The centre and state governments would share the infrastructure cost on 50:50 basis.
A mini airport, educational excellence centre and other facilities would also be provided at the ITIR. To address the water problem, an understanding would be reached with the Bangalore Water Supply and Sewerage Board, Ashok Manoli, principal secretary, IT/BT, said.
Naidu said the land acquisition process would be completed in a few weeks and the work on the ITIR would commence once the Centre gave its formal approval.