IT & BT projects worth $20.38 b on offer at Global Investors Meet

IT & BT projects worth $20.38 b on offer at Global Investors Meet

Bangalore, May 6, , DH News Service:

With preparations for next month’s Global Investors’ Meet (GIM) in full steam, the State government is on the overdrive leaving no stone unturned to make a success of it.

The State’s Information Techonology & Biotechnology (IT&BT) department has lined up a whopping US$20.38 billion worth of IT, BT, electronic hardware and solar farms projects to be taken up by prospective investors. These projects, official sources told Deccan Herald, are being offered on a public-private partnership model and MoUs for the same with successful players inked on June 3, 2010 during the two-day GIM.

Incidentally, while day one (June 3, 2010) will focus on four sectors of aerospace, infrastructure, tourism and biotechnology, day two will see deliberations on automobile, IT, minerals, power, food processing, textile, health and education sectors. Sources said, IT Investment Region (ITIR), proposed to come near Bangalore International Airport envisages to attract total investments of US$20 billion by 2030. Deloitte Touche have been appointed consultants for the project. Bid evaluation of the projects will be taken up on May 31, selection done on June 1 and signing of Letter of Intent on June 3, 2010, sources said.

The IT parks in Tier-II cities of Mysore, Mangalore, Gulbarga and Shimoga hopes to attract US$30 million, electronic hardware manufacturing hubs at Bangalore-Tumkur, Mysore-Nanjangud, Shimoga-Hassasn and Hubli-Dharwad at investments of US$100 million. Solar farms at Gulbarga, Bijapur, Bellary and Raichur at US$100 million investments, Bangalore Biotech Park (US$50 million), Agri-Biotech Park at Dharwad (US$20 million), Marine Biotech Park at Mangalore (US$20 million), Vivarium (animal house) at Bidar (US$20 million), Nutri-Neutraceuitcal Park at Mysore (US$20 million) and Phyto-Pharmaceutical Park in CFRTI, Mysore (US$20 million).

For biotech cluster at Bangalore, 50 acres would be provided for investments of US$50 million to be developed on PPP model and granted SEZ status, sources said adding incubation centre and instrumentation facility will come up on 14-acre land for which the Centre has provided US$3 million for instruments.