Bengaluru north is emerging as India's first and biggest knowledge city, attracting an aerospace park witnessing around $8-9 billion made by four major global aerospace players and, four defence and research institutions taking up in all 14,000 acres.
Besides, Karnataka has also proposed a Taiwan-modelled incubation centre -- Industrial Technological Research Institute -- on a 250-acre land at Mokshagundum, the place associated with the statesman-engineer M Visvesvaraya, who pioneered industrial development in the state.
Four aerospace manufacturing companies, including Boeing, Airbus and Bombardier have come forward to set shop at the aerospace park, close to Bangalore International Airport.
It will be developed by the Sun Forest City Ventures Ltd, work beginning by December this year.
All the four leading aircraft manufacturers will commence work soon after, Airbus and Boeing launching work by around March-April.
"This will become the world's biggest aerospace centre in about 10 years with an investment of around Rs 40,000-45,000 crore (Rs 400-450 billion)," State's Industries and Commerce Department Principal Secretary M N Vidyashankar said in Mysore.
Also, country's four leading R&D institutions, the Indian Institute of Science (IISc), Indian Space Research Organisation (ISRO), Bhabha Atomic Research Centre (BARC) and Defence Research Development Organisation (DRDO) have sought 14,000 acres which the Karnataka government has offered at Challakere in Chitradurga district.
Bangalore-based IISc was the first to seek 2,500 acres for establishing its second campus, and this was followed by ISRO, with 4,000 acres for its rocket and space research, BARC, 2,000 acres, and DRDO, 3,000