Wednesday, July 19, 2006

Hi-Tech City to promote IT sector in Bangalore

Hi-Tech City to promote IT sector in Bangalore
Business Standard

The three-year-old Hi-Tech City project aimed at promoting IT sector in Bangalore is a step closer to reality.

The Karnataka legislative assembly on Tuesday approved the Bangalore Development Authority (second amendment) Bill 2005 to enable the civic authority to implement Hi-Tech City project between Sarjapur road and Hosur road.

The project was mooted by the S M Krishna-led Congress government to provide world class facilities for IT and IT-enabled services, including residential facilities and commercial purposes.

It will come up on 900 acres of land between Sarjapur road and the Electronics City on the Hosur Road. Nearly 40 per cent of the land will be used for services and commercial space while the remaining land will be used for housing and other civic facilities.

The Bill was tabled by law and parliamentary affairs minister M P Prakash on behalf of the chief minister. It proposes to make a one-time exemption to section 38 (B) of the BDA Act 1976 to acquire land without the Karnataka Industrial Area Development Board's (KIADB) intervention for the project.

The Bill was approved by the assembly once earlier during the erstwhile Congress-JD (S) coalition government. However, it was rejected in the upper house.

As per rules, any Bill rejected by the legislative council has to been approved again in the legislative assembly.

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