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PROPOSED DEVELOPMENT
 Devanahalli, with enhanced connectivity, is emerging as a sister city to Bangalore with
major investments pouring in for development. A cumulative investment of close to Rs. 1,15,000 crore worth would develop this once sedate location booming with activity to compete with Bangalore in terms of business and social life. And this is apart from the investments coming in from the hospitality industry and the entertainment sector, which is expected to prop up this place as an ideal social location in addition to an industrial hub.
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The developments proposed around the Bangalore international airport are categorized as follows:
»Information Technology / Information Technology enabled services & Biotechnology
»Special economic zones
»Residential complexes such as real estate development
» Hospitality and entertainment
» Aero‐Industry
» Medical hub
» Finance and Business districts
The State government has identified the area in Devanahalli taluk where about 10,000 acres of land would be acquired to set up the Information Technology Investment Region (ITIR).
Also among the major projects reported to have received, the Udyog Mitra clearance for the Aero SEZ (special economic zone), an aviation hub in Devanahalli, is expected to see major US civil and military aviation companies as well as the European Aeronautics and Defence Systems (EADS) pump in up to Rs. 11,700 crore as investment.
The Indian initiatives at the SEZ would see Rs. 666 crore of investment from Sobha Nadathur Aerospace Pvt Ltd (Rs. 200 crore) and Dynamatic Technologies, manufacturers of hydraulic equipment (Rs. 466 crore).
MOUs SIGNED AT GLOBAL INVESTORS MEET
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