Wipro-Acer Ltd, Infosys Technologies Ltd and several other companies have decided to set up their units at Karnataka's newest Silicon Valley coming up near here, 130 km from Bangalore.
The joint director of industries and commerce, D S Viswanath, told Business Standard that Wipro-Acer, which has been allotted 30 acres, will be setting up a hardware peripheral training centre at a cost of Rs 68.15 crore at the electronic city in Hebbal Industrial Area near Mysore.
Infosys too will be setting up a training and software development centre at an investment of Rs 36.52 crore.
Infosys has been allotted 60 acres of land at the electronic city. Though the investments from these companies are less, the state's information technology department has decided to set up another Silicon Valley as a magnet complementing Bangalore, which is home to several leading computer firms in the world.
Vishwanath said Keonics, a Karnataka Government software and electronic undertaking, and Videsh Sanchar Nigam Ltd are jointly proposing to set up a software technology park in the electronic city at a cost of Rs 8 crore. An earth station will also be set up there.
Vishwanath said an innovative software park called the Intelli Village, which will cater to small entrepreneurs in the software sector, will be established in the electronic city with the assistance of Larsen & Toubro.
To attract leading infotech companies to Mysore, the state government has offered several infrastructure projects for private sector participation.
It has awarded the Bangalore-Mysore express corridor to the Kalyani group consortium which will build a Rs 1,318.7 crore super expressway.
The project consists of construction of seven townships along the 110 km-corridor, an industrial, tourism, heritage, communication and agricultural centres.
The corridor will pass through a total of 50 bridges. The schedule time for completion is 2005.
To encourage growth of the infotech industry, the state government has floated a software venture capital fund and has relaxed norms for those companies who plan to set up their units in cities other Bangalore.
Even the power tariffs have been considerably reduced for those setting up infotech units and they have been completely exempted from power cuts.
