Plan to hold investors' meet
The Hindu.com
Staff Correspondent
`Sankalp Semiconductor VLSI Design Centre' inaugurated
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# It is the first initiative of its kind in the State
# A semiconductor company will operating on the campus of an engineering college and offer training to students
# It will also make recruitments
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HUBLI: The Government is planning to hold another investors' meet here on the lines of the "IT Investors' Meet" held recently, Revenue Minister Jagadish Shettar has said.
He was inaugurating "Sankalp Semiconductor VLSI Design Centre" at B.V. Bhoomaraddi College of Engineering and Technology here on Saturday.
Mr. Shettar said the objective of the meet would be to attract industrialists and entrepreneurs to Hubli. The Government had promised to offer assistance to entrepreneurs opting to move out of Bangalore to tier-2 cities, he said.
The proposals submitted by various companies after the "IT Investors' Meet" seeking land in Hubli-Dharwad had been forwarded to the Chief Minister and they were being processed, Mr. Shettar said.
Meeting
A meeting of heads of those IT companies willing to set up their units in Hubli-Dharwad would be chaired by the Chief Minister, and a final decision taken on the mode of giving concessions, he said. Mr. Shettar said the Hubli-Dharwad Municipal Corporation had decided to give 50 acres of land to IT companies. Agricultural Produce Market Committee would soon provide its 80 acres of excess land.
As many as 300 acres of land was available with Karnataka Industrial Area Development Board.
If India has to compete with China in the global market, it has to focus on creating intellectual property, especially with regard to the semiconductor industry, Arun Bellary, Managing Director of PMC-Sierra, India, said.
The design centre was the first initiative of its kind in the State, in which a semiconductor company will be operating on the campus of an engineering college, offering training to students on semiconductors and recruiting them.
