CommercialLatest Stories

Mangaluru IT Park tender sees no bids, deadline extended

MANGALURU: The proposed ₹135 crore IT Park in Mangaluru has encountered further challenges, as it remains unable to attract bidders, prompting the government to extend the tender deadline from May 29 to June 19. Sources from the Karnataka State Electronics Development Corporation Limited (Keonics) indicate that there may be further extensions, as there are currently no prospective bidders for the project. During the second round of bidding, Keonics and Credai Mangaluru noted that three interested stakeholders initially engaged but ultimately withdrew, citing several constraints within the tender conditions. This second bidding opportunity was reopened after the first round saw no…

CommercialLatest Stories

Karnataka Reopens Tender for Mangaluru IT Park After No Bids

MANGALURU: The state government has reopened bidding for its proposed IT Park in Mangaluru for the second time in five months. The initial round attracted no bidders, raising concerns over the Rs 135-crore project intended for public land. The IT Park is planned on 3.2 acres near Blueberry Hills Road in Derebail as part of the state’s ‘Beyond Bengaluru’ initiative. The tender is being managed by the Karnataka State Electronics Development Corporation (KEONICS). Initially opened on December 15 and closed a month later without interest, the second round of bidding is currently ongoing and will conclude on May 22. Reports…