It’s good times again for Karnataka when it comes to attracting IT/BT investments. The state, which had lost out in last couple of years because of political reasons, has got a commitment of Rs 45,055 crore at the Global Investors Meet.
State IT secretary Ashok Kumar Manoli said that 37 companies have signed 68 MoUs including 2 LoIs for different projects. These are expected to create 2.8 lakh jobs in the state.These include Infosys setting up a software development centre in Devanahalli (investment of Rs 710 crore), Manyata Developers planning an IT park in rural Bangalore (Rs 1880 crore), Larsen & Toubro setting up a IT & ITeS SEZ (Rs 615 crore) and Wipro building a SEZ (Rs 477 crore).
In FY08-09, Karnataka had drawn IT/BT investments worth Rs 10,000 crore but dwindled to few hundred crore last fiscal.
Manoli also said that Karnataka is working on a new ICT policy which will add telecom sector to existing IT policy. Additional policies on animation and hardware segments are on the anvil soon.
The proposed ITIR (Information Technology Investment Regions) in Devanahalli has been cleared by the government and is scheduled to start soon. According to manoli, about 55 companies have registered already for the facility.
