Minister for IT and Biotechnology S.R. Patil on Saturday said the Union government had approved the Information Technology Investment Region (ITIR), coming up on about 10,500 acres near Bangalore, and it would generate nearly 40 lakh jobs.
A notification had been issued to acquire 2,072 acres of land, in the first phase, in a radius of about 14 km from the Bengaluru International Airport. The Centre would provide Rs. 7,000-crore assistance to the State for developing infrastructure for the ITIR, he said.
Speaking after inaugurating SPICity Phase II of Software Paradigms Infotech (SPI) Pvt. Ltd. at Hebbal industrial area here, the Minister said the IT industry should expand its operations in tier-II cities such as Mysore, Mangalore, Hubli, Dharwad, Tumkur and Belgaum. The IT sector had to grow across the State and generate employment.
“Of the 95 lakh people in Bangalore, nearly 33 lakh people work in the IT industry, which has given direct employment to 8 lakh people and indirect employment to 25 lakh people. Bangalore’s population is rising and the city is getting choked. So, I suggest the big IT players to move to secondary cities which are also promising,” he said. Referring to the recommendations of the Karnataka ICT Group, Mr. Patil said the government was working on implementing them. Based on the ICT Group report, the State was looking at increasing employment in the IT sector from 8 lakh to 20 lakh and software exports from the current Rs. 1,30,000 crore to Rs. 4,00,000 crore by 2020, he said.
Describing IT as a “pollution-free” industry, the Minister said the industry had a promising future and the State had the potential to become a global leader in the sector. “I will act as a catalyst and facilitate the sector’s growth,” Mr. Patil said.
Earlier, Global CEO and cofounder of SPI Sid Mookerji spoke about the company’s growth. The company, which started with just three employees in 1994, now employs over 1,000 people.
Swami Muktidananda of Sri Ramakrishna Ashram, Mysore, who was the guest of honour, said the growth of the IT industry in the State shows the intellectual ability of the people here. This successful march in the area of IT had to continue creating more jobs, he said.
Chairman and CEO of Sagitaur Ventures India Pvt. Ltd. B.V. Naidu was present.
SPICity Phase II, spread over 85,000 sq. ft, has been built at a cost of Rs. 25 crore. The building is equipped with state-of-the-art technology and can accommodate 1,000 employees. The new office is an addition to the existing 1,00,000-sq. ft facility in the Hebbal industrial area.
coming up on about 10,500 acres near Bangalore