GEM & Vittal to develop Hitech city in Lepakshi
Global Emerging Markets (GEM) and Vittal Innovation City in a joint venture with Lepakshi Knowledge Hub, are developing at the Lepakshi Knowledge Hub, near Bangalore. This will be a green eco system for Knowledge based services, manufacturing, R&D and incubation activities inspired by global hi-tech innovation clusters like Silicon Valley in the US, Hsinchu in Taiwan, Tsukuba in Japan.
Global Emerging Markets and Vittal Innovation City have prepared a concept master plan which proposes to set up IT, ITES units, advanced hi-technology Electronics city, Defence electronics zone, Integrated Freight and Logistics Corridor, media, digital and film making hubs, international universities, biotechnology, genetic engineering units with health and hospitality enclaves across 2500 acres. The first phase of the cluster will focus on development of an integrated innovation cluster for electronics eco system, so that all segments of the value chain are present to provide a sustainable framework for design, innovation, R&D and manufacturing. This cluster will be promoted to relevant trade bodies and industry in other countries especially with Taiwan, Korea and Japan amongst others. Vittal Innovation City already has an MOU with Institute of Information Technology (III), Taiwan to promote the cluster with the Taiwanese electronics companies, and with the Korean Government to promote the cluster for Hi-tech Korean companies. Several companies from South Korea and Taiwan have shown keen interest to set up their manufacturing units at the cluster.
Lepakshi Knowledge Hub (LKH), which is developing a 9,800-acre integrated townships located in Anantapur district, 70 km from Bangalore International Airport. LKHPL has already tied up with North Western Aerospace Alliance (NWAA) to develop a Supply Chain Academy in Lepakshi. Claimed to be the first company to develop a defence & aerospace industrial cluster with a dedicated runway, Lepakshi Hub has already attracted public sector Bharat Dynamics Limited (BDL), Electronic Corporation of India Ltd (ECIL), Bharat Electronic Ltd (BEL) and Hindustan Aeronautics Ltd (HAL) to set up their operations in the park.
Besides, it is in talks with a few private players including Mahindra, L&T and Rajshree Shipyard who are looking at setting up joint venture projects in view of growing business opportunities thrown open by the Centre’s offset policy. Lepakshi Knowledge Hub has also obtained necessary approvals from Dept of Textiles, Govt of India to develop Integrated Textile park in 130 acres.