K’taka Approves ₹3,273-cr Tata Business Park, to Create 5,500 Jobs
The Karnataka government has given a significant boost to the state’s IT and ITeS sector by approving Tata Realty and Infrastructure’s (TRIL) plan to set up a ₹3,273-crore IT and ITeS business park in Bengaluru. The project, named Tata Intellion Park, is expected to create 5,500 jobs in the IT and ITeS sector, further solidifying the state’s position as a hub for technology and innovation.
The Tata Intellion Park will be developed on a 25.5-acre plot in the Doddanekundi Industrial Area, a prime location in Bengaluru. The project will be built by implementing state-of-the-art infrastructure, including rainwater harvesting, wastewater recycling, and zero-discharge systems. This not only ensures a sustainable environment but also reduces the park’s carbon footprint.
The approval of the Tata Intellion Park is a significant milestone in Karnataka’s efforts to promote its IT and ITeS sector. The state has been a hub for the IT industry for several years, with many major companies having set up their operations there. The approval of this project is expected to further boost the state’s economy and create a positive impact on the local community.
The Tata Intellion Park will be a world-class facility, equipped with all the necessary infrastructure and amenities to support the growth of IT and ITeS companies. The park will have a built-up area of around 3.5 million square feet, which will be developed in phases. The first phase is expected to be completed by 2024, with the remaining phases being completed by 2026.
The project will also have a range of amenities, including a convention center, a gym, a pool, and a shopping mall. The park will also have a dedicated area for startups, which will provide them with access to funding, mentorship, and other resources.
The approval of the Tata Intellion Park is a testament to the Karnataka government’s commitment to promoting the state’s IT and ITeS sector. The government has been actively working to create a conducive environment for businesses to flourish, and this project is a significant step in that direction.
The project is expected to have a positive impact on the local community, with the creation of 5,500 jobs providing a significant boost to the state’s economy. The project will also lead to the development of infrastructure in the surrounding areas, including roads, public transportation, and amenities.
The Tata Intellion Park is not the only IT and ITeS project to be approved by the Karnataka government recently. The state government has approved several other projects, including the ₹1,000-crore Infosys SEZ in Electronics City, which will create 10,000 jobs, and the ₹500-crore Wipro SEZ in Sarjapur, which will create 5,000 jobs.
The approval of these projects is a significant boost to the state’s IT and ITeS sector, and further solidifies Karnataka’s position as a hub for technology and innovation. The state’s IT and ITeS sector is already a significant contributor to the state’s economy, and these projects are expected to further boost the sector’s growth.
In conclusion, the approval of the Tata Intellion Park is a significant milestone in Karnataka’s efforts to promote its IT and ITeS sector. The project is expected to create 5,500 jobs and provide a significant boost to the state’s economy. The project’s focus on sustainability and infrastructure development makes it a model for future IT and ITeS projects in the state.
