Friday, May 28, 2004

Hardware Park suffers setback

The proposed Hardware Park near the site of the International Airport in Devanahalli has suffered a setback with Intel deciding to establish its chip fabrication plant in the Mahindra City Industrial Park in Chennai. According to a report published in the Economic Times, Intel will invest Rs 200 crores on this venture which will come up on 70 acres of land. It is not clear at this point what kind of chips Intel plans to manufacture here. It is believed that it was the pathetic state of power supply in the state that was the primary reason for Bangalore not being considered. With no other major hardware investment on the anvil, the Karnataka government was banking heavily on luring Intel to become the anchor tenant at the Bangalore park and then pitch to other investors on the strength of that. With Intel deciding to pass the city by and a new Chief Minister who says his focus will be on rural areas, this project will be one which we will not hear of for some time to come.

Footnote: Intel India President Ketan Sampat has subsequently denied the contents of the Economic Times report.


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