80,000 New Jobs To Be Created In Bengaluru; Rs 40,000 Crore Investment Announced Under KHIR City In Bengaluru


Rohit Kulkarni

Rohit Kulkarni

Nov 20, 2023


The Karnataka government has launched the creation of the Knowledge, Healthcare, Innovation, and Research (KHIR) City near Bengaluru, with the goal of attracting a Rs 40,000 crore investment and generating 80,000 jobs in the healthcare, innovation, and knowledge sectors. The extensive 2,000-acre project is being strategically developed in phases within a 60 km radius from Bengaluru.

80,000 New Jobs To Be Created In Bengaluru; Rs 40,000 Crore Investment Announced Under KHIR City In Bengaluru

Unveiling the Transformative Vision: KHIR City’s Potential and Karnataka’s Strengths in Innovation and Industry

During the Ideation Session, Shri M B Patil, the minister for large and medium industries and infrastructure development, emphasized the transformative potential of KHIR City. He stressed the importance of collaboration between the government, medical institutions, private enterprises, and academia to establish a center of excellence. The initiative not only concentrates on job creation and attracting investments but also aims to significantly contribute to the state’s GDP, setting a target of at least Rs 1 lakh crore. Valuable insights were shared during the session by industry leaders such as Kris Gopalakrishnan and Dr. Devi Prasad Shetty.

Karnataka’s existing strengths, including a skilled talent pool and a robust innovation ecosystem, position it favorably for the development of KHIR City. Bengaluru’s strategic location, hosting over 60% of India’s biotech companies and 350 medical device manufacturers, is poised to enhance its global standing.

Strategic Vision: KHIR City as a Hub for Innovation and Medical Tourism in Karnataka

Shri Priyank Kharge, the minister for IT/BT, and S&T, highlighted KHIR City as a unique knowledge center that brings together innovators from various sectors. The government is planning to formulate a dedicated policy to boost medical tourism.

Emphasizing the importance of swift implementation, Kris Gopalakrishnan recommended the development of essential infrastructure such as a metro station before the full realization of KHIR City. Drawing inspiration from global models like Singapore’s Biopolis Cluster and Japan’s Kobe Biomedical Innovation Cluster, the project encourages flexible participation formats for private companies, ensuring a balanced and sustainable development model. Industry representatives underscored the significance of skill development in the state, with a specific focus on life sciences.

Image Source


Rohit Kulkarni
Rohit Kulkarni
  • 1131 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online