HOSUR IT PARK
The Electronics Corporation of Tamil Nadu (ELCOT) has already commenced the leveling work and formation of the IT SEZ park at Hosur in 190 acres the largest in Tamilnadu. The project foundation stone was laid by the Tamilnadu C.M Mr. M.Karunanidhi on 26 th Feb 08.
The Govt. is likely to stop the TAX holiday after 2009 in India. Therefore, It will attract all the IT cos., from all over india to set up their new projects inside this Hosur SEZ, as they will get another 10 years of TAX holiday benefit.
Already about 20,000 people working in Electronic city are located in Hosur. They travel daily by Pool Vehicles, Staff bus from Wipro, Infosys and Mini cabs from IT co's.
HOSUR has been chosen as it can dovetail the strengths of Bangalore's deep talent pool and salubrious climate with Tamil Nadu's infrastructural forte and relatively inexpensive real-estate rates.
ELCOT Says "We will consider building a 250,000 sq ft facility, on the lines of TIDEL Park in Chennai, at a cost of between Rs 35 crore (Rs 350 million) and Rs 50 crore (Rs 500 million). This initiative, has created a light-house effect and boost investor confidence," Harinarain says.
He says the Tamil Nadu government is likely to use a private-public partnership to upgrade Hosur's present infrastructure, including schools, hospitals and shopping malls, to build Hosur into a viable satellite town.
Schools - CBSE 3 , Matriculation 3 , State board 10 with more than 70 private buses.
A view of Ashok Leyland School & TVS School :
Apart from Adhiyaman Engineering 684 candidates , arts and science college - 768 stundents , Perumal manimekalai Engineering college 926 and Poltyechnic 938 , St.Joseph Womens college, Mahirishi Vidy mandir is planning for a college and the Government is planning for a Arts college near Maruthi Nagar. Bus facilities with colleges 60 private buses.
The state government will provide all supporting infrastructural requirements such as land, sewerage, electricity and water. "With a TIDEL-type park, Lots of residential complexes will be thrown in between Hosur and Bangalore. Travel time is faster outside Bangalore to Hosur rather than within the city," says K Pandia Rajan, managing director, Ma Foi Management Consultants Limited, the recruitment agency.
It is not as if Hosur doesn't have anything other than its proximity to Bangalore going for it. It has been an industrial hub for more than two decades now and home to the manufacturing plants of Ashok Leyland, Titan Industries, TTK Prestige, Reckitt Benckiser, Hindustan Lever, Carborandum Universal and TVS Motors.
So, the basic infrastructure is firmly in place. "Hosur's potential to become a prime outlying suburb of Bangalore, on the lines of Noida and Gurgaon for Delhi and Navi Mumbai for Mumbai, has been largely underutilized.
IT majors such Infosys and Wipro are just a stone's throw away in Electronics City which is midway between Bangalore and Hosur. These companies would be wary of setting up operations in Hosur as they are already battling the Karnataka government over the lack of proper roads to Electronic City from Bangalore.
If anything can stop Hosur's advances to becoming a IT super city. "Work on the Rs 400 crore (Rs 4 billion), six-lane expressway has begun in June 2007 with a deadline of 18 months to complete the project from electronic city to Hosur. However, real estate prices are 25-30 per cent lower in Hosur than in the areas of Bangalore closest to Hosur. The rentals for commercial buildings are Rs.10 to 37 Rs. per sq.ft. House rental is Rs.5 to 7 per sq.ft. The Rental house demand is growing daily and is unable to cater the new comers. More new constructions are coming up.
What do the software companies think of Hosur? "We are not considering Bangalore or Hosur as of now. But assuming that we were, the primary concerns would be travel time, overheads and the cost of attracting talent," says Arun Jain, chairman and CEO, Polaris Software Lab.
He adds that Hosur as an IT destination will be viable only if a company is considering setting up a 5,000 to 10,000 personnel organization. "Setting up operations in Hosur might prove counter-productive if travel times are extended," Jain remarks.
"Twenty-year tax incentives, subsidised land-registration charges and the creation of a special economic zone would help us invest in Hosur," says an official at an IT major, who heads its Tamil Nadu operations.
The proposed satellite ring road to Devanahalli airport in the northern part of Bangalore will further improve Hosur's prospects of attracting industrial and employment generating industries.
So if Hosur is to become a hub of technology companies and industrial activities, it will bring in good infrastructure and road links to Bangalore. In the long run, it is also Bangalore's interests to assist in the development of Hosur as one of its satellite towns. This will only pave its way to becoming a true mega polis
TAAL AIR PORT AT HOSUR :
TAAL has recently signed MoU with Sabena Technics for setting up a MRO business at TAAL's private airfield at Hosur, near Bangalore. The runway at this airfield has been extended to accept a Boeing 737 class of aircraft and we have also built a hanger capable of accommodating Narrow Body aircraft. As per the understanding contained in the MoU the two companies will form a 50:50 JV, which will be run by Sabena Technics. We expect that the facility will be operational in three months and will initially target ATR42 and ATR72C checks. Work is now underway to convert the MoU into an agreement and also to put the requisite set-up in place to commence the work. TAAL already maintains three BAE ATP aircraft on behalf of First Flight Couriers. Also, TAAL currently provides hangar space to Air Deccan for their ATR42 and ATR72 aircraft.
TAAL Spreads wings
The Co. has already applied for permissions for night landing and extending the runway to accept Boeing 737 class of Aircraft, all towards making it a full fledged airport.