GIM: Karnataka clears 9 IT projects worth Rs 3,009 crore, Intel among investors

Posted By: PTI
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 Bengaluru, Feb 3: Karnataka Government on Monday cleared nine IT projects with a combined investment of Rs 3,097 crore, including a proposal by global chip maker Intel's Indian subsidiary, which will invest Rs 1,100 crore in software and hardware facilities in the city.

"The state high level clearance committee, chaired by Chief Minister Siddaramaiah, cleared four major IT projects, with combined investment Rs of 2,957 crore, while the single window clearance cell, chaired by IT Minister SR Patil, cleared five projects with combined investment of Rs 140 crore," said a statement released by the Karnataka Industries Ministry here.


Chip maker Intel will invest Rs 1,100 crore to set up its second computer software development centre and hardware design services facility in Bengaluru, which would create jobs for 3,000 engineers, the statement said.

As much as Rs 1,130 crore investments will be made by Velankani Electronics Limited at Electronic City to expand its capacity to manufacture electronic products and create 2,400 jobs, the statement said.

altire Developers Ltd will invest Rs 463 crore for creating a SEZ for IT/IT-enabled services with job potential for 25,000 people, it said.

Amin Properties will invest Rs 264.25 crore to set up a SEZ at Pujanahalli in Devanahalli near the city's airport for IT/IT-enabled services with job potential for 8,000 people, the statement said.

The five other IT projects are from Alisa Agency (Rs 14 crore), Regen Environ Management Services (Rs 7 crore), Itwine Technologies (Rs 7.5 crore), Sol Biz Consulting Ltd (Rs 16.5 crore) and Hical Technologies (Rs 95 crore) with a combined job potential for 1,355 people.


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