The central government on Tuesday gave its approval to the region’s information technology investment region project, Chief Minister BS Yeddyurappa said.
The park would be located between Chikkaballapur and Doddaballapur near Bangalore International Airport.
The project has already received investment proposals worth around 11,000 crore from IT companies and more than 55 companies offering to invest around 124 billion rupees in the sector. An investment of around 1353 crore has also been offered by the biotech companies.
Some of the companies that have invested include Wipro, Tata Elxsi and Infosys, said Katta Subramanya Naidu, Minister of IT and BT.
“The ITIR will cover a geographic area of approximately 40 square kilometers and span 10,000 acres. More than 57 IT companies, including Infosys and Wipro, have expressed interest in establishing themselves in the region. ITIR will be an integrated IT city with excellent physical and social infrastructure, ”he said.
He said that this project would be taken up by the board of directors with umbrella bodies to make the right decisions on all matters relating to this project.
The project has not yet received central government approval, and once approval is received, the project will include representatives from the central government as well as the state government.
“The region will have an integrated township with modern facilities, especially road and rail connectivity to transport people faster between the city and Devanahalli, about 35-40 km away,” Naidu said.