Information & Technology,Information & Technology sector projects by Dept.of Information Technology, Biotechnology and Science & Technology - Karnataka in Bangalore
Project Information
5647
Dept.of Information Technology, Biotechnology and Science & Technology - Karnataka
The Karnataka government, which has been working towards incentivising and encouraging companies and startups in the ESDM (Electronic System Design and Manufacturing) sector, is setting up Indias first brownfield cluster development project in Bangalore.
Typically, brownfield projects refer to re-starting or renovating existing projects with additional investments.
Announcing an update to its Karnataka i4 policy (introduced in October 2013), SR Patil, the states IT & BT minister has announced that the state has got in-principle approval for the project.
"This will be set up at an estimated cost of Rs 85.15 crore on 1.16 acres in Electronic City," said Srivatsa Krishna, secretary, department of IT & BT. The IT/ITeS sector.
Common Facility for Units
The sector, which provided jobs to 1.9 lakh people in 2001, is now providing employment to 10 lakh people today.
To attract investments to the ESDM sector, which is expected to grow to $400 billion by 2020, the state will provide additional incentives to companies that register with the Karnataka wing.
"We get benefits in addition to what the government of India has provided like Rs 5 lakh for patent filing," says Sanjay Nayak of Tejas Network, whose company is among the eight which was registered on Friday as Karnataka ESDM companies.
"The brownfield facility will help electronic manufacturing units in Bangalore to have a common unit for testing, instead of relying on neighbouring states for such facilities," says Sanjeev Keskar, chairman of the India Electronics and Semiconductor Association.
The ministry has also announced a single-window clearance for IT/ITeS and related industries for investments up to Rs 100 crore and employment-linked incentives for land allotment to this sector.
In a leg-up to startups, nine colleges in the state were provided an initial grant of Rs 5 lakh each to fund research on projects to solve local problems and find solutions to local needs as part of the Karnataka New Age Incubation Network.
Project Value
INR 85.15 Crore /-
Conceptual Stage
Bangalore
Karnataka
India
Information & Technology,Information & Technology
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