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FLASH NEWS -19/02/14 –47 Taiwanese chipmakers to set up a cluster in 300 acres in Devanahalli hardware park.
Devanahalli has seen a lot of action till now but mostly on paper. Despite the government and the KIADB having acquired large chunk of land ( in excess of 4000 acres) and willing to offer it to corporates in the IT/BT, Hardware and Aerospace fields, not many have come forward to begin setting up operations mainly due to the sluggish economy both locally and globally.
But now, things are slowly inching up. Close on the heels of Swiss Group STARRAG which set up a machining plant in Bangalore through its subsidiary Starrag India in January 2013 (Read this link), Wipro has today (6th Feb 2013) launched an aero space actuator manufacturing facility on a 7.2 acre campus at an initial investment of 60 cr. (Read Here)
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Readers also might know that Shell has also already started work on its 40 acre R&D facility.
While a lot of companies have been allotted land for Aerospace, IT and Hardware facilities, they have been slow to move off the ground. But now there is some momentum which can be seen and that is good news.
KIADB’s website shows that the following allotment letters have been issued in addition to the MOUs signed during the Global Investor’s Meet.