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The Central government has approved in principle the proposed Information Technology Investment Region project to be set up between Doddaballapur and Chikkaballapur near Bengaluru International Airport in Karnataka.

The Karnataka government will soon appoint Keonics (Karnataka State Electronics Development Corporation Ltd) as the nodal agency for executing the project that will spread across 10,000 acres. About 57 IT companies including Infosys and Wipro have shown interest in setting up their operations in the proposed region.

The state government has identified the required land and a preliminary notification has been issued in respect of 2,100 acres. Work on the project is expected to start in a month's time. The state has earmarked an investment of Rs 40,000 crore in phase-I and Rs 1.4 lakh-crore in phase-II.

The project also includes a mini airport apart from road and rail connectivity near the Information Technology Investment Region. The Centre will provide infrastructural assistance. The ITIR will be governed by a management board that will have representatives from both the central and state governments.

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