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BUSINESS OPPORTUNITIES

The Government of Karnataka, realizing the importance of infrastructure, is giving top priority to infra structural projects. Karnataka's investment in infrastructure, by far the maximum among all states in the country, reaches a staggering Rs 73,937 crore. The Government is providing incentives to infra structural Projects - infrastructure projects with investments over Rs 100 crore will be gettingspecial concessions.

Many major projects are coming up in Karnataka.

     
  • Power generation & distribution has increased considerably. The transmission losses has been brought down from 22% to 18%.
  • An international airport near Bangalore, a host of other projects shall catapult Karnataka into the limelight.
  • An International Convention Centre and the Electronic Trade, Technology Development & Exhibition Centre is proposed to come up shortly.
  • A Mega City project for the development of Bangalore with a project outlay of Rs.805 crore
  • A world class technology park at White field near Bangalore
  • The Bangalore-Mysore Expressway at a cost of Rs.640 crore.
  • A 99 km long Elevated Light Rail System at an investment of Rs 4300 crore
  • Construction of ring road around Bangalore. The Bangalore - Mysore expressway will make Mysore a satellite city paving way for industrial townships along the expressway.
  • Apart from Bangalore many growth centres are planned namely Dharwad, Hassan, Raichur etc. Airstrips are coming up at Hubli, Gulbarga and Mysore to facilitate faster transport.

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    From 1991 to 1997, the state has cleared over 469 foreign proposals with a total worth of Rs 6,708 crore (US $1863.43 million) Last Year, the approval was for Rs 3,409,22  crore and this year, only four months into the financial year, investment proposals have already reached Rs 1541.15 crore.
    More than 40 countries have had their proposals cleared, with the USA leading.

    Karnataka As a Preferred Area of Investment Karnataka has one of the most congenial industrial environments in the country.

  • Labour unrest is few and unheard of.
  • Law and order problems are minimal.
  • A stable government and good infrastructure.
  • Large pool of human resources, aided by the presence of a large number of engineering, medical and other educational institutes.
  •  A single window clearance system and many other benefits make Karnataka a favourite investment location. The Karnataka Government is focussing on building power plants based on thermal, nuclear, naphtha etc.. So far, power projects totalling  around 8000MW in the long and short term projects have been sanctioned.  Transmission and distribution aspects also are being given due importance.  Bangalore, is a self sufficient world-class facility that offers companies a one stop shop for their operations.
The first phase of the Tech Park consisting of two blocks of office and production space is nearing completion and the tenants have started their fitting our work.
    Infrastructure
    The two blocks are of 14 and 12 floors, covering a total area of 68,337 sq.mts. The other facilities in Phase I comprise of production block covering 6 floors andarea of 35,938 sq.mts. And a ground commercial floor space covering 6454 sq.mts.

    The International Tech Park, based on the model of Singapore Science Park seeks to do away with the usual infra structural hurdles faced by companies inIndia. The prime concern of any business venture is the availability of power, telecommunication and water, are all available under one roof in the International
    Tech Park.

    A 3x3 mw captive power which has been installed in ITP will serve as a stand by to the 220 Kw power lines from Karnataka Electricity Board, thus ensuring that the offices/production units and residential apartments within the Park never face a power shortage. ITP is also equipped with a 1000-lines dedicated telephoneexchange with a provision to upgrade it to 12,000 lines in future. The clients can also be provided immediated data connectivity of any bandwidth from ITP usingthe VSNL hub located at the International Tech Park. By January 1998, VSNL will commission a 13m antenna for satellite link for its clients at ITP directly from ITPEarth Centre.

    Apart from the basic infra structural amenities, the International Tech Park also provides some value added services like business/office support centres, medical centre, food court, restaurants, recreation and fitness centres.

    Job oppurtunities
    ITP can provide employment to over 4,000 people which is over 4,000 people which is expected to increase to over 15,000 people when the entire project iscompleted. The International Tech Park will house 50+90 residential units which is targeted for completion by August 1999.

    Target Profile
    ITP's target profile includes companies which are in technology oriented industry like Research and Development, Product Design, Information Technology and Software Development; Prototyping, manufacturing, Industrial Packaging, technical and customer support, computer/nerve centre and/or data processing, sales andmarketing, industrial trading, showroom and other activities that Information Technology Park Ltd. deems fit.

    Location
    The International Tech Park is located in White field, 18Kms East from the city centre and a mere 12 kms. from the Bangalore airport. The Park is alsowell linked through the city's extensive network of roads and highways.

    Development
    The 68 acres project project when divided into three phases would include 1,72,000 sq.mts of modern space, 1,35,000 sq.mts. of wide columnar productionspace and 400 residential units on completion. The first phase is nearing completion with phase isnearing completion with phase is nearing completion with phase is nearing completion with phase II and III scheduled to be completed by the year 2003.

    Around 38% of the space at the International Tech Park has been either bookedof leased by prominent companies like Siemens Components, Hitachi Asia, TCS, Singapore Technologies, Rotary Engineering, SAP Ag, Sony, Gemplus Technologies,Times Bank etc.

    The estimated Rs. 1475 crore project is being developed by a joint venture group concerning, the Tata Industries Ltd., Singapore's Information TechnologyPark Investments Pte Ltd., the Karnataka Industrial Areas Development Board.