Chief minister Siddaramaiah directed the Karnataka Industrial Areas Development Board (KIADB) to issue the final notification for acquiring 2,072 acres of land for developing an Information Technology Investment Region (ITIR) near Bangalore.Siddaramaiah told KIADB and IT department officials that the project was one of UPA's flagship schemes and should be implemented in a timebound manner. The chief minister issued this directive at a meeting of the state high-level empowered committee (SHLEC) on ITIR project, which he heads.
The KIADB has already issued a preliminary notification under Section 28 (1) of the KIAD Act. When the board said it lacked funds for the land acquisition process, the chief minister asked the officials to approach banks and government financial institutions like Hudco saying that the government would stand guarantee.
The ITIR is an integrated investment region housing IT, ITeS and hardware parks, supported by residential townships, a mini airport, a high-speed railway network, shopping malls, hospitals and educational institutions among others. The 40sqkm ITIR project, which commenced in 2013, will come up in Devanahalli and Doddaballapur taluks, around 14km from Kempegowda International Airport (KIA). “The project will be developed in two phases.“ IT minister SR Patil said. “The ambitious project has the potential to make Karnataka the largest IT cluster in the world,“ added Patil, who is also vice chairman of the SHLEC.
The KIADB has already issued a preliminary notification under Section 28 (1) of the KIAD Act. When the board said it lacked funds for the land acquisition process, the chief minister asked the officials to approach banks and government financial institutions like Hudco saying that the government would stand guarantee.
The ITIR is an integrated investment region housing IT, ITeS and hardware parks, supported by residential townships, a mini airport, a high-speed railway network, shopping malls, hospitals and educational institutions among others. The 40sqkm ITIR project, which commenced in 2013, will come up in Devanahalli and Doddaballapur taluks, around 14km from Kempegowda International Airport (KIA). “The project will be developed in two phases.“ IT minister SR Patil said. “The ambitious project has the potential to make Karnataka the largest IT cluster in the world,“ added Patil, who is also vice chairman of the SHLEC.
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