Bangalore, Sep 14 (Calcutta Tube) The Karnataka government has set in motion the process to acquire 10,000 acres of land for its ambitious Rs.100,000-crore Information Technology Investment Region (ITIR).
‘Notification to acquire over 2,000 acres of land has been issued and for the remaining 8,000 acres of land it will be done in a week,’ State IT and BT Minister Katta Subramanya Naidu told reporters here.
The ITIR is to come up in three phases near Devanahalli, about 35 km from city centre, and close to the Bangalore International Airport.
The first phase of the project in around 2,000 acres of land envisages an investment of Rs.25,000 crore and the work would begin in December, he said.
The development of the entire ITIR is to be completed in 12 years. ‘When fully operational, it is expected to provide employment to about four million people,’ Naidu said.
The minister said new policy on hardware and animation is to be announced in October- end.