The second and last day of Global Investors Meet -2012 saw three major companies sign MoUs with the government, with the promise of investing Rs 4,356 crore in the state.
While Reliance Group’s Infotel Broad plans to establish a Rs 3,300 crore unit on 36 acres in Devanahalli, Infosys will invest Rs 595 crore in a 60 acre facility at the Devanahalli IT special economic zone and Wipro is all ready to set up a campus at the IT SEZ in Sarjapur.
The GIM also saw some brainstorming by IT experts on ways to keep Bengaluru ahead in the game and remain the information technology capital of the country. Mr V.R Feroze, MD, SAP Labs India felt it was neccessary to bring in policies in tune with technological advances to ensure that the state was heading in the right direction.
He suggested setting up a special entrepreneur zone where new ventures could be established. “If Karnataka has to keep its IT growth story going, then it must make it possible for a team in the hamlets of Shimoga to coordinate with a team in other districts for a product being made in Bengaluru and designed in Israel,” said Mr Ganesh Natarajan, VC, Zenstar.