Ascendas, promoters of the International Tech Park-Bangalore (ITPB), has expressed interest in building an ‘IT/ITES township' in Bangalore.
Addressing reporters to announce the Global Investors Meet (GIM) in Bangalore, Karnataka's Minister for Large and Medium Industries, Mr Murgesh R. Nirani said: “During the investment road show in Singapore, Ascendas expressed keen interest in setting up a dedicated ‘IT/ITES township' near the international airport at Devanahalli.”
“The company has plans to provide social infrastructure and work/play concept all in one place. Based on our experience with Ascendas over the last few years, we are confident of their investment coming through,” he added.
Ascendas, a leading business space provider, has been operating IT parks in Bangalore, Chennai and Hyderabad. The company has been actively involved in ITPB along with the Karnataka Industrial Areas Development Board (KIADB), the other shareholder.
The State delegation in Singapore also showcased its investment potential in infrastructure, port development and more IT parks in tier II and III cities.
Mr Nirani said the delegation met Ascendas India Trust, Bank of Singapore, Keppel Integrated Engineering, Phoenix solar, Walton International group, Hyflux, Pacific Power Tech among others.
Reclamation plant
Mr Nirani said the delegation visited Changi water reclamation plant run by Sembcorp Private Ltd. The water reclamation plant has a capacity of 880 million litres a day.
The plant is run on a BOT basis. The plant treats used water generated by homes, local shops and industries.
Cluster approach
The delegation also visited BioPolis and Fusionpolis in Singapore. This is a project which has industrial, residential and social infrastructure, all in one building. This is to ensure that the live, work, play concept is utilised.
“The two components have seen Government investment at the beginning and then private players have started creating the infrastructure. These two industrial parks highlight the cluster approach to investment which is possible in different sectors,” said Mr Nirani.