A provincial government in China is keen on setting up an industrial park, exclusively for Chinese companies, in the vicinity of Bangalore, a delegation from trade and industry body, FKCCI, has informed Chief Minister Siddaramaiah.Location important
“They are looking at developing a world-class facility on at least 100 acres of land. For reasons of good air and road connectivity, they want to establish it at a location not beyond 100 km from Bangalore,” Federation of Karnataka Chambers of Commerce and Industry president S. Sampathraman said, about the plans of the Yunnan provincial government. The China Development Bank, he added, is likely to be associated with the project.‘Very keen’
Speaking to The Hindu , after the delegation met Mr. Siddaramaiah on Friday, Mr. Sampathraman, who, accompanied by another FKCCI leader, visited Yunnan province a month ago, said many Chinese companies are keen to come to Bangalore. Leading the list is Sunpa group, a noted name in the field of telemedicine.
The Yunnan government, which would be purchasing the land for the industrial park, is looking to the Karnataka government to facilitate supply of water, power and provide good road linkages. The industrial park promoters, he said, were confident of the facility attracting $1 billion investment in four to five years from various companies, including those in food processing and manufacture of electronics.
This proposal, he added, assumes significance in the backdrop of the new industrial policy of Karnataka that proposes private investment in setting up industrial areas and estates.
The Yunnan government, Mr. Sampathraman said, is also establishing an industrial park near Kunming, where it wants IT and ITeS companies from Bangalore to set up units there. Both the projects, however, are independent of each other, he said, and added that the FKCCI was in talks with smaller IT firms interested in setting up facilities in China. During the meeting, Mr. Siddaramaiah asked the FKCCI to take a delegation to South Korea.Facilitator
The Chief Minister also made FKCCI the facilitator for an investors’ meet to be conducted by the State government at Chamarajanagar this month and Raichur next month, Mr. Sampathraman said.