Tag: Mangaluru

CommercialLatest Stories

Karnataka to Open IT Park Bid in Mangaluru Next Week

Karnataka is set to open bids for an IT Park and commercial office spaces in Mangaluru on December 15. The government initiated tenders for a public-private partnership (PPP) model, following a call for bids in late October. IT/BT Minister Priyank Kharge made this announcement in response to Mangaluru City North MLA Bharath Shetty during the assembly session on Wednesday. The minister stated that the government is actively working to boost investments in IT/BT across various regions in the state, including Mangaluru, Udupi, and Manipal. He mentioned that revisions to the tender guidelines may be made through discussions with local MLAs…

CommercialLatest Stories

Mangaluru: ₹135 Crore Tender for Tech Park in PPP Model

MANGALURU: Often called the ‘Silicon Beach of India’, the city will soon see its first purpose-built tech park at Survey No. 129-1A, Blueberry Hills Road, Derebail. The Karnataka State Electronics Development Corporation (KEONICS) has initiated a tender process, with submissions open from October 29 to December 15. This project aims to create a commercial office tech park featuring grade-A building specifications, under a public-private partnership (PPP) model. The development and management will follow a design-build-finance-operate-transfer (DBFOT) approach, with the project’s value estimated at Rs 135 crore, which is expected to generate approximately 11,000 jobs. According to the transaction adviser for…