Multinationals show interest in Knowledge city

Bangalore, Oct 22 (UNI) A number of multinationals have evinced interest in setting shop at the proposed knowledge city which will come up in Bididi, near here, in a 10,000 acre area at a cost of Rs 60,000 crore.

To be developed by the Delhi based realtor DLF, around 2500 acres would be taken up in the first phase in the project which aimed to decongest the city and cater exclusively to the IT sector. On completion, the Knowledge city would be housing a population of 7.5 lakhs and would be an integrated city providing all amenities, including housing.

Talking to newsmen on the sidelines of the launch of the Walchand Dale Carnegie Finshing School here today, Karnataka Secretry for Information Technology and Biotechnology M N Vidyashankar said atleast 25 of the top fortune 500 companies have shown interest. He, however, declined to name them.

He said the first phase would be completed in 18 months once the letter of intent was given to DLF after it made the necessary initial payment.

He said a number of Special Economic Zones would come up in the Knowledge city which would have separate segments for various IT verticals including Hardware and BPOs besides the core IT companies.

UNI