|Time zone||IST (UTC+5:30)|
Kanivenarayanapura is a village located 6 km from Chikballapur, 3 km from Nandi Town and 2 km from Muddenahalli in Chikballapur District of Karnataka State. The Bangalore-BIAL ITIR is a 50 km2 (12,000 acres) Information Technology Investment Region that is under development 15 km North of Bangalore International Airport at Devanahalli. One of the most ambitious infrastructure projects in the world aimed at attracting IT investment, the ITIR project is sure to reinforce Bangalore’s position as the pre-eminent hub of IT activity along with the Silicon Valley in California. The sheer enormity and ambitiousness of the project is conveyed by the fact that it is designed to attract investment in the range of Rs 1-2 lakh crores ($20-$40 billion). Envisioned to be a hub for knowledge-based and high-technology industries, it has already attracted the attention of major companies. Fifty-five multinational companies including TCS, Wipro, Cognizant and Infosys have signalled their interest in the project and responded to the Expression of Interest (EOI) issued by the Karnataka State Electronics Development Corporation (KEONICS) for developing the region. This massive project is expected to generate employment to the tune of 3 million new jobs. This is a significant measure to augment exports and generate employment by attracting high-value investments. The ITIR is one of the largest infrastructure projects in Karnataka’s history. The initiative will provide direct employment to 1.2 million people and indirect employment to 2.8 million. Development will involve a Centre-State partnership in conjunction with private partners. Basic infrastructure such as road, rail and telecommunication links will be provided by the Centre. The State government will provide physical infrastructure and utilities, including power, water, sewerage and effluent treatment facilities. The first phase of ITIR spread over 2,500-acre (10 km2) is scheduled to be completed this year, while the second and third phases will be built over the next five to ten years. “The ITIR will be a self-sustainable integrated investment region housing IT, ITeS (IT enabled services) and hardware parks, supported by residential townships, a mini airport, high-speed railway network, shopping malls, hospitals and educational institutions among others,” the state IT-BT minister said regarding the project after a special legislation was passed to enable it, the ITIR Act, 2010. The Central government had adopted a policy to set up IT Investment Regions across the country as early as May 2008. With the BIAL ITIR Karnataka becomes the first state to be setting up an ITIR while other states like Andhra Pradesh and Tamil Nadu are also considering similar options to attract IT investment. This has been seen as yet another sign of Karnataka government’s dedication to capitalize on the state’s edge in hosting knowledge-based industries and has been lauded by industry majors like Infosys.
The project received final State cabinet approval on January 28, 2010 and Central approval on June 5, 2010. On July 15, the region received final legislative approval from the state assembly. It will be situated at the Nandi foothills between Chikballapur and Doddaballapur in the Muddenahalli/ Kanivenarayanapura area. This, along with other development projects near North Bangalore, will have significant impact on the real estate.Up to 4000 acres lands have been acquired by the government and acquisition under process. So we can see all round development in North Bangalore within short term.
Kanivenaryanapura can be reached by bus, it is 50 km from Bangalore via Yelahanka and Devanahalli.