ITIR gets Centre’s approval

BANGALORE: The Union government has given an in-principle clearance to Asia’s biggest IT investment region (ITIR), which will come up near the Bengaluru International Airport. Announcing

Published: 02nd June 2010 05:42 AM  |   Last Updated: 16th May 2012 08:52 PM   |  A+A-

BANGALORE: The Union government has given an in-principle clearance to Asia’s biggest IT investment region (ITIR), which will come up near the Bengaluru International Airport.

Announcing this to the media on Tuesday, CM B S Yeddyurappa said the Centre gave clearance to the proposed ITIR that envisages to attract a whopping investment of over Rs 2 lakh crore and create over 3 million jobs, directly and indirectly.

Principal Secretary, Large and Medium Scale Industries, V P Baligar said KEONICS had deposited Rs 20 crore with the Karnataka Industrial Area Development Board (KIADB) to start the land acquisition process.

The ITIR, an integrated IT hub, will have world class facilities, including a mini-airport, and will come up in two phases in about 12,000 acres between Chikkaballapur and Doddaballapur.

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