The government of Karnataka is setting up a new hardware park in an area
of about 300 acres, near Bangalore International Airport (BIA) at an
estimated cost of Rs 650-750 crores. Taiwanese companies will be invited to set up their units and collaborate with their Indian counterparts.
Karnataka, principle secretary, department of commerce and industry, MN Vidyashankar, said, “We have invited TCA (Taipei computer associates) and Taitronic (Taiwan electronics). Most of the Taiwanese companies are small scale, but 90 per cent of the laptops come from Taiwan”.
He added that there is a lot of interests shown by Taiwanese companies. The park would be part of the Karnataka government’s efforts to promote hardware development to complement the large number of companies involved in software development. Vidyashankar, said that more than 50 companies had already expressed their interest to be part of the park.
“We are spending about Rs 650-750 crores for land and development and would be able to make the money by selling it to interested companies. The revenue from the companies planning to set up here could well be over 10 times of our investment”, he said.
The work for the park will start from September and Ascendas will develop it. “Only 55% of the total land can have concrete structures as per the by laws and over 50 units of Consortium of Electronic Industries of Karnataka (CLIK) have taken over 50 acres and planning to scale vertically”. He said about 250 companies could be hosted.
The government of Karnataka also announced to host a new start up booster program in its upcoming 15th annual flagship event of Bangalore IT.biz, called ImpressIT programme. The new program will incubate at least 10 startups by facilitating funding from venture capital. The start up booster program will reach out to 194 engineering colleges across Karnataka.
SAP Lab, managing director, VR Ferose, said, “We will make the process of submitting the proof of concept very easy. Students across the state can submit their ideas online. And industry leaders will evaluate their ideas. Finally, 10 short-listed ideas will be given opportunity to be present in the event, Bangalore IT.biz. We will also invite venture capitals and investors, and students will be able to pitch their ideas before them for funding”.
Karnataka, principle secretary, department of commerce and industry, MN Vidyashankar, said, “We have invited TCA (Taipei computer associates) and Taitronic (Taiwan electronics). Most of the Taiwanese companies are small scale, but 90 per cent of the laptops come from Taiwan”.
He added that there is a lot of interests shown by Taiwanese companies. The park would be part of the Karnataka government’s efforts to promote hardware development to complement the large number of companies involved in software development. Vidyashankar, said that more than 50 companies had already expressed their interest to be part of the park.
“We are spending about Rs 650-750 crores for land and development and would be able to make the money by selling it to interested companies. The revenue from the companies planning to set up here could well be over 10 times of our investment”, he said.
The work for the park will start from September and Ascendas will develop it. “Only 55% of the total land can have concrete structures as per the by laws and over 50 units of Consortium of Electronic Industries of Karnataka (CLIK) have taken over 50 acres and planning to scale vertically”. He said about 250 companies could be hosted.
The government of Karnataka also announced to host a new start up booster program in its upcoming 15th annual flagship event of Bangalore IT.biz, called ImpressIT programme. The new program will incubate at least 10 startups by facilitating funding from venture capital. The start up booster program will reach out to 194 engineering colleges across Karnataka.
SAP Lab, managing director, VR Ferose, said, “We will make the process of submitting the proof of concept very easy. Students across the state can submit their ideas online. And industry leaders will evaluate their ideas. Finally, 10 short-listed ideas will be given opportunity to be present in the event, Bangalore IT.biz. We will also invite venture capitals and investors, and students will be able to pitch their ideas before them for funding”.
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