Karnataka Kickstarts SWIFT City: New Industrial Space
The state of Karnataka has embarked on a journey of developing SWIFT City (for Startups, Workspaces, Innovation, Finance, and Technology) on Sarjapur, Bengaluru. It is the third major general planned industrial hub for the state after the successful setting up of Electronic city and ITPL in Whitefield.
Project Infrastructure
The envisaged SWIFT city would spread over more than 1,000 acres and house about 8-10 such facilities with plug-and-play infrastructure. Each facility would be spread across 20-25 acres as already confirmed by Large and Medium Industries Minister MB Patil. The Karnataka Industrial Areas Development Board has started giving shape to a Detailed Project Report for the Sarjapur Industrial Area over 647.69 acres of land. The site, which lies in proximity to National Highways 44 and 48, and to Bengaluru’s IT hub, really gives the project imported accessibility and potential.
Features and Facilities
The development will respond to Bengaluru’s workspace crunch by providing state-of-art offices, co-working spaces, and residential clusters. Small and medium startups would get access to built spaces in the range of 5000 to 20000 square feet through various models designed including lease, sale, and investment-sharing schemes. Schools will be included in the city as well as all wide connecting roads for comprehensive infrastructure development.
Vision and Future Plan
The vision of Minister Patil goes on for transforming Karnataka into a “Silicon State” beyond this new feature called SWIFT City even as it forms part of the larger development strategy that the state envisions for itself, which also includes plans for five Mini KWIN Cities to places like Vijayapura and Hubballi-Dharwad.
Recently, the initial phase of the KWIN City project, an ambitious initiative intended to draw global talent and promote sustainable economic growth, was rolled out by Chief Minister Siddaramaiah between Dabaspet and Doddaballapur.
Its development positions SWIFT City to attract a future generation of technologically advanced industries focusing on artificial intelligence, data analytics, and fintech. Karnataka is thereby proving itself not all that much less at maintaining its premier position in innovation and development; this way new jobs can be created while old investments can continue flowing into the region.
