K'taka plans hardware park in Kolar, Tumkur

Image
BS Reporter Chennai/ Bangalore
Last Updated : Jan 29 2013 | 3:14 AM IST

The Karnataka government plans to set up electronics hardware parks in Kolar and Tumkur respectively.

Katta Subramanya Naidu, Karnataka minister for information technology and biotechnology has promised this to industry bodies led by Manufacturers’ Association of Information Technology (MAIT), Confederation of Indian Industry (CII) and Kassia.

He said, in addition to the land the industry bodies have asked for incentives in the form of land on a long lease of 30 years, instead of outright purchase which would be an expensive proposition to set up manufacturing unit at the time of economic crisis and five year tax holiday.

“Industry bodies have been told to come up with concrete proposals for the government to spell out our stand,” he added. For setting up the hardware park in Kolar and Tumkur, the government has already has land at its disposal. In Kolar Gold Fields (KGF) we plan to utilise land owned by Bharat Gold Mines Limited (BGML), which is closed for the last few years. “In Tumkur, the government has land at many places, we will take a call once we get applications from IT companies,” Naidu said.

The Union minister of state for Shipping, Road Transport and Highways K H Muniyappa who represents Kolar has expressed interest and has asked the state government to facilitate land and other infrastructure facilities for attracting investments.

“The proposals for Kolar will be given final shape after talks with Muniyappa,” said Naidu. The government early this year had cleared setting up a hardware park in Bangalore near Devanahalli on 300 acres.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 29 2008 | 12:00 AM IST

Next Story