Pallonji IT park gets Karnataka govt nod

The Karnataka government today cleared investments worth Rs 28,000 crore, including a 1,400-acre hardware park promoted by Shapoorji Pallonji, in Devanahalli, on the outskirts of Bangalore, near the upcoming international airport.

A high-power committee headed by Chief Minister HD Kumaraswamy also cleared investments in sectors including textiles and engineering. The projects will provide employment to around 7.35 lakh people.

Official sources told Business Standard that bulk of the investments "" Rs 21,840 crore "" was in the IT sector, mostly software technology parks.

A special economic zone for IT near Varthur, near Whitefield industrial area on the eastern part of the city, is also among the proposals cleared. The KIADB had been instructed to identify land for the hardware park near Devanahalli, sources added. A housing project for IT professionals is part of the hardware park promoted by Shapoorji Pallonji.

On Thursday, the chief minister had cleared the allotment of 845 acres of land to Infosys on Sarjapur Road. Land allotment to Wipro amounting to 200 acres in Mysore was cleared at the previous high powered committee meet.

Following is the breakup of the Rs 28,000 crore investment proposals cleared sectorwise: Textiles - Rs 265 crore; research and development - Rs 2,773 crore; steel - Rs 317 crore; sugar - Rs 178 crore; engineering - Rs 1,000 crore; autotech - Rs 345 crore; power - Rs 60 crore; agriculture - Rs 150 crore and others - Rs 300 crore.

Apart from Bangalore, investments will be made in tier-II cities like Mysore, Gulbarga, Raichur, Hassan, Belgaum and Udupi.