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Devanahalli, with enhanced connectivity, is emerging as a sister city to Bangalore with major investments pouring in for development. A cumulative investment of close to Rs.1,15,000 crore worth would develop this once sedate location booming with activity to compete with Bangalore in terms of business and social life. And this is apart from the investments coming in from the hospitality industry and the entertainment sector,which is expected to prop up this place as an ideal social location in addition to an industrial hub. The State government has identified the area in Devanahalli taluk where about 10,000 acres of land would be acquired to set up the Information Technology Investment Region (ITIR).Also among the major projects reported to have received, the Udyog Mitra clearance for the Aero SEZ (special economic zone), an aviation hub in Devanahalli, is expected to see major US civil and military aviation companies as well as the European Aeronautics andDefence Systems (EADS) pump in up to Rs. 11,700 crore as investment.The Indian initiatives at the SEZ would see Rs. 666 crore of investment from Sobha Nadathur Aerospace Pvt Ltd (Rs. 200 crore) and Dynamatic Technologies, manufacturers of hydraulic equipment (Rs. 466 crore). 1. Information Technology Enabled Services & Biotechnology (ITIR) The ITIR is one of the largest infrastructure projects in Karnataka's history. Total cost is expected to be one lakh crore rupees ($22 Billion). The initiative will provide direct employment to 1.2 million people and indirect employment to 2.8 million. The proposed ITIR would be a specifically delineated investment region with a minimum area of around 40 Sq.kms. (about 10,000 acres of land),which may include SpecialEconomic Zones, Industrial Parks, Export oriented units, Free trade and Warehousing zones. The ITIR would be a combination of production units, public utilities, logistics,environmental protection mechanisms, residential areas and administrative services,with excellent infrastructure. 2. Special Economic Zones (SEZ) Owing to increasing demand for land from the multinational companies (MNCs) in the aerospace Special Economic Zone (SEZ) near Devanahalli with 3000 acres of land. The 900 acres which were acquired have already been allotted to 48 companies, including 100 acres to HAL. Karnataka is the only State in the country to have a separate aerospace policy. As the aerospace industry is among the fastest growing industries, we are trying to capitalise on the growth According to officials, the SEZ will comprise both export-oriented industries and industries that deal with maintenance, repair and overhaul-related activities in the local market. A few European companies, including British organisations, have already applied for land in the Devanahalli SEZ through the Karnataka Udyoga Mitra. Therefore, the government is likely to acquire land at the earliest. 3. Devanahalli Business Park One of the biggest projects coming up adjacent to the Bengaluru International Airport(BIA), the Devanahalli Business Park (DBP) is expected to attract an investment of $2.2billion over the next five to seven years. Karnataka State Industrial Investment & Development Corporation Limited (KSIIDC), at the behest of Government of Karnataka (GoK), is developing DBP on the site of around 413.65 acres owned by KSIIDC along theNational Highway-7 (NH-7) and adjoining the northern boundary of Bengaluru International Airport (BIA) near Devanahalli, around 35 kms north of Bangalore city. 4.Aero Space Park The park with facilities for aircraft component manufacturing and accessories was being developed near the airport in a 1000 acres area. About 250 acres of the land will be earmarked for a special economic zone (SEZ) in the aerospace hu…