Karnataka govt plans to develop medical hub near Bengaluru International Airport

According to a PTI report, Janardhan Reddy, Minister for Tourism and Infrastructure Development, Karnataka said that his ministry is expecting Memorandum of Understanding (MoUs) worth Rs 4000 crore to be signed for investment purpose at the Global Investors Meet, which will be held on June 3-4, 2010 in Bengaluru. "Tourism will be a key sector to be promoted at the Global Investors Meet," said Reddy.

Elaborating on the same, Reddy mentioned that the state government will seek investors' interest in 12 mega projects including, a wellness city and film media city, an international convention centre at the Bengaluru International Airport, an 18-hole golf course at Thhannirbhavi and wellness centres to be set up in the state.

Around 3000 acres of land has been identified, both with the state government and private sector, to make it easier and faster for tourism investors to set up their projects. An investor and industry-friendly Tourism Policy had been announced in 2009 providing a comprehensive package of subsidies and incentives, including making loans available at ten per cent interest, VAT exemption for three years, and availability of up to five acres of land for establishing hotels and resorts. A master plan has been formulated to attract Disney-land type of mega projects.

K Jothiramalingam, Principal Secretary, Department of Tourism, Government of Karnataka informed that the state tourism department has also identified 100 places which lacked in tourism-related facilities especially good hotels. The state government will help investors who are keen in developing these places by facilitating acquisition of five acres of land for setting up infrastructure. It has also proposed to develop four tourism circuits in the state.