Business Daily from THE HINDU group of publications
Wednesday, Feb 14, 2007

Cross Currency

Group Sites

Industry & Economy - Infrastructure
States - Karnataka
Infrastructure, info tech projects to be developed

Our Bureau

KSIIC outlines plans; Govt may earn Rs 250 cr per annum

Bharat Matrimony

Mangalore Feb. 13 Development of several infrastructure projects near the proposed Bangalore International Airport at Devanahalli and in many other minor airports in Karnataka; development of information technology (IT) complexes; and joint ventures with other agencies in development projects are on the agenda of the Karnataka State Industrial Investment and Development Corporation (KSIIDC).

Listing out the plans of the corporation at a press conference here on Monday, Mr N. Yogish Bhat, Chairman of KSIIDC, said the corporation holds 13 per cent of the equity share capital of Bangalore International Airport Ltd (BIAL) on behalf of the Karnataka Government. KSIIDC, which has retained around 400 acres on the northern side of the airport as per the direction of the Karnataka Government, is planning to use the land for establishing facilities that would be complementary to the development of airport region.

The matter has been discussed with the Deputy Chief Minister and Finance Minister, Mr B.S. Yediyurappa, and the Industries Minister, Mr Katta Subrahmanya Naidu, and will be placed before the State Cabinet soon.

Stating that KSIIDC has developed several packages for the development of the land, Mr Bhat said the Government could earn around Rs 250 crore per annum, if these proposed packages are implemented there.


The Karnataka Government is planning to develop minor airports at Hassan, Gulbarga, Shimoga, Bellary, Raichur, Bijapur, Karwar and Bidar. Stating that KSIIDC has been playing an active role in this matter, he said techno-economic feasibility report has been prepared for Shimoga and Gulbarga airports through consultants. Action is being taken to prepare such reports for other places.

He said KSIIDC is considering the proposals for developing 14 acres of land owned by the Karnataka Agro Industries Corporation at Hebbal as a modern IT complex. It is also considering the development of around 30 acres of land in the premises of Beggars' colony on Magadi Road as IT and multi-functional complex.


The corporation is also considering joint ventures with other Government infrastructure projects, including Bangalore Mahanagara Palike (BMP). It is joining hands with BMP for constructing `Palika Tower' — a modern office complex within the premises of the Bangalore City Corporation.

A joint venture company is being incorporated with IL&FS to take up development of infrastructure projects under the Project Development and Promotion Partnership (PDPP) model. KSIIDC and IL&FS will have 50:50 partnership in this venture, he said.

Stating that Karnataka is one of the contenders for locating a PCPIR (petroleum, chemicals, and petrochemicals investment region) in the country, Mr Bhat said the Karnataka Government is taking all steps to project Mangalore as one of the prospective PCPIRs in the country. KSIIDC has taken steps to appoint a technical consultant to prepare pre-feasibility report for applying to the Union Government in this regard.

More Stories on : Infrastructure | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ISB rolling placements draw more

IIM-B placements from March 6
`Students looking beyond IT jobs this year'
RBI acts to rein in inflation
Incomes, wealth jumps drive inflation
Harnessing youth for nation-building
`Hindalco, Vodafone deals reflect resilience of economy'
`Loan growth may taper off'
Runaway prices
`India can attract 25% of global engg process outsourcing'
Sanyo to unveil `green' TV
Finance Ministry confident of meeting excise duty targets for 2006-07
Buddhadeb seeks Italian expertise to boost trade
Japanese teams coming
Reverse auction in infrastructure equipment finance `doing well'
Infrastructure, info tech projects to be developed
13 State PSUs to make turnaround this fiscal
Indian crude basket slips by $1.11 a barrel
IndianOil in talks with Turkey's TAPCO
ONGC plans to drill ultra high-tech wells in onshore assets
Ministry offers Re 1 hike in tanker freight charges
`NTPC should enter power equipment manufacturing'
NTPC set to award contracts for Simhadri expansion, Ennore plant
Maharashtra to buy more power
In the company of men of steel
Tax should not be collected without assessment order: HC
Steel industry opposes duty-free imports scheme
Mumbai plumps for CAS faster
Goel Ganga joins hands with Singapore group for school
Canara Bank sets up chair at MSE
Chamber takes out peace march against levy of mortgage fees
POSCO land acquisition delayed
Patent Pooling catching up in India
Tobacco Board chief for FDI in processing
Tata Motors 2nd trainee batch
Hyderabad to host Bio-Asia 2007
India tops in ground pepper supply to US

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line