This Thursday, Karnataka Chief Minister Siddaramaiah, along with his cabinet ministers, launched Knowledge, Wellbeing, and Innovation (KWIN) City near Bengaluru.
Launch Of KWIN City
The Karnataka CM Siddaramaiah, along with his colleagues launched KWIN 🏙️ near the city of parks and high tech industries.
Earlier, this project was known as Knowledge, Health, Innovation, and Research (KHIR) City, but it has now been renamed KWIN City.
This project is expected to create a parallel city to Bengaluru for providing equal growth and opportunities in all sectors that too within an accessible distance to Karnataka’s capital.
The state government seems to have rounded off the area between Doddaspete and Doddaballapur, which is roughly 60 kilometers from Bengaluru, after taking all the suggestions.
They are planning to build this city on a total of 2000 acres of land which is on the Satellite Town Ring Road.
With this launch, they will primarily focus on attracting top educational institutions, start-ups, research centers and global health centers, which will ultimately provide employment to the local people.
A New Real Estate Boom Attracting Investors
This project is implemented by the DĂ©partement of Commerce and Industries.
The best part is that KWIN city will be away from the usual Bengaluru traffic so it is likely to attract investors, keeping its accessibility to the international airport in mind.
It is noteworthy here that the Kempegowda International Airport is just an hour away from the KWIN city.
After this launch, the authorities are expecting a new real-estate boom around the Doddaballapur area.
The KWIN city is going to contribute a lot to the state’s GDP, said Karnataka minister MB Patil earlier.
Adding, “There is an increased economic activity in the state, and we need to attract investments. Karnataka is known for its public-private partnership, which will be enhanced further for the city of KHIR. It is also easy for the global players to find talent here in Bengaluru, and they would not find a better option than this new city. It will provide a big-time contribution to the state’s GDP.”
Further, this project is anticipated to attract investments worth â‚ą40,000 crores in all four segments and will likely create around 80,000 new jobs, Patil noted.
