Industry

Govt clears Honeywell Tech Lab’s Rs. 1,373 crore investment proposal

Karnataka Government has cleared a Rs. 1,373 crore investment proposal of Honeywell Technology Lab Solutions Private Limited in Bengaluru.

Chief Minister Siddaramaiah on Thursday chaired a meeting of the State High-Level Clearance Committee (SHLCC) and cleared company’s expansion proposal at Varthur hobli, near Whitefield, in Bengaluru. The investment would generate 500 jobs.

Honeywell Technology Lab Solutions Private Limited would buy 5.4 acres from private people and the government would grant permission to buy the land under section 109 of the Karnataka Land Reforms Act.

In the backdrop of serious criticism from IT companies over slow clearances, the Chief Minister chaired meeting with IT/BT Minister S.R. Patil and top officials of the Industry and IT/BT departments.

After an hour-long meeting, Mr. Siddaramaiah said Infosys Technologies has written to the Government its decision to withdraw from the Devanahalli IT park owing to infrastructure bottlenecks such as power shortages, lack of drinking water and issues regarding land clearances. The company has decided to expand its business at Bommasandra in the City where it owns lands.

Out of 100 acres sought by Infosys, the Karnataka Industrial Area Development Board (KIADB) has granted 40 acres to the IT major at Devanahalli IT park.

The Chief Minister said the government would provide four lane road and drinking water in the next three months and 200 MW of power in the next one year to companies setting up their business operations in IT park. He said Infosys has no intentions to move out of Bengaluru.

Mr. S.R. Patil, said that “the Government is committed to providing basic infrastructure and address industry grievances and facilitate investments in Devanahalli IT Park and other IT parks in tier I and II cities”.

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Printable version | Jul 12, 2020 6:01:59 AM | https://www.thehindu.com/business/Industry/govt-clears-honeywell-tech-labs-rs-1373-crore-investment-proposal/article6570922.ece

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