Mysore will be another Silicon Valley of India as a number of IT firms have evinced interest in setting up shop here, Karnataka industries minister Katta Subramanya Naidu said in Mysore.
Speaking to Business Standard, he said Infosys, Wipro, Tata Consultancy Services and a couple of other companies were coming to Mysore.
Tata Consultancy Services, Wipro and Shapurji had sought 100 acres of land each. A few other Fortune 500 companies are also holding talks with the government for locating their projects here, the minister said.
As the availability of land for new industries had become scarce, the government proposed to acquire 4,000 acres of non-agricultural land. The formalities will be completed shortly.
However, care will be taken to discourage chemical and pharmaceutical industries which may damage environment.
As regard the much-delayed airport, Naidu said that the High Court was yet to deliver its judgement over the disputes land. In the meantime, the Airports Authority of India had sought an additional 67 acres and acquitions process had been initiated.
All these investments will give a tremendous boost to Mysore and it will grow as an IT hub, the minister said.
During the last six months, Naidu said, the Karnataka government had cleared investments amounting to Rs. 90,000 crore in the state. At least 70-80 per cent of investments may come through in about two-and-a-half years.
The government will give a thrust to development of tier II and tier III cities. It is releasing another Rs 100 crore, the subsidy amount due to industries.
I hope Mysore retains its identity and not become another “silicon valley”. Development should not be at the cost of the positives it has to offer today. Long live Mysore!
Article courtesy: Business-Standard