<p>Bengaluru: Karnataka Minister <a href="https://www.deccanherald.com/tags/m-b-patil">M B Patil </a>announced on Saturday that he will advance the initiative to develop ‘SWIFT City’ in Sarjapura here.</p>.<p>A press statement from Patil's office revealed that SWIFT City would become Karnataka’s third major planned industrial hub after Electronic City and ITPL.</p>.<p>According to him, the project would focus on startups, workspaces, innovation, finance, and technology.</p>.<p>"Despite the presence of thousands of companies in Bengaluru, many stakeholders have expressed dissatisfaction with the lack of well-planned workspaces. To address this, we will provide 150-ft-wide connecting roads in Sarjapura and ensure world-class facilities, including residential clusters and schools," the State Large and Medium Industries Minister said.</p>.Bengaluru urgently needs to prioritise urban agriculture.<p>He added over 1,000 acres of land in the Sarjapura Industrial Area have been reserved for the project.</p>.<p>Sarjapura has been identified for its strategic location near National Highways 44 and 48, as well as its proximity to Bengaluru's thriving IT hub, Patil said.</p>.<p>The Minister further highlighted that small and medium-sized startups would benefit from spaces ranging from 5,000 to 20,000 sq ft, available through lease, sale, or investment-sharing models.</p>.<p>He also outlined plans to transform Karnataka into a ‘Silicon State’.</p>.<p>"While Bengaluru is already recognised as the Silicon City, the objective is to extend this recognition across the entire state," Patil stated.</p>.<p>He added that the government plans to develop five Mini KWIN Cities, including ones in Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department, furthering Karnataka’s ‘Silicon State’ vision.</p>.<p>"Innovative concepts are essential to attract investors. If we don’t take proactive steps, neighbouring states could gain an edge in securing investment opportunities," Patil said.</p>
<p>Bengaluru: Karnataka Minister <a href="https://www.deccanherald.com/tags/m-b-patil">M B Patil </a>announced on Saturday that he will advance the initiative to develop ‘SWIFT City’ in Sarjapura here.</p>.<p>A press statement from Patil's office revealed that SWIFT City would become Karnataka’s third major planned industrial hub after Electronic City and ITPL.</p>.<p>According to him, the project would focus on startups, workspaces, innovation, finance, and technology.</p>.<p>"Despite the presence of thousands of companies in Bengaluru, many stakeholders have expressed dissatisfaction with the lack of well-planned workspaces. To address this, we will provide 150-ft-wide connecting roads in Sarjapura and ensure world-class facilities, including residential clusters and schools," the State Large and Medium Industries Minister said.</p>.Bengaluru urgently needs to prioritise urban agriculture.<p>He added over 1,000 acres of land in the Sarjapura Industrial Area have been reserved for the project.</p>.<p>Sarjapura has been identified for its strategic location near National Highways 44 and 48, as well as its proximity to Bengaluru's thriving IT hub, Patil said.</p>.<p>The Minister further highlighted that small and medium-sized startups would benefit from spaces ranging from 5,000 to 20,000 sq ft, available through lease, sale, or investment-sharing models.</p>.<p>He also outlined plans to transform Karnataka into a ‘Silicon State’.</p>.<p>"While Bengaluru is already recognised as the Silicon City, the objective is to extend this recognition across the entire state," Patil stated.</p>.<p>He added that the government plans to develop five Mini KWIN Cities, including ones in Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department, furthering Karnataka’s ‘Silicon State’ vision.</p>.<p>"Innovative concepts are essential to attract investors. If we don’t take proactive steps, neighbouring states could gain an edge in securing investment opportunities," Patil said.</p>