Karnataka’s New SWIFT City Initiative

December 17, 2024

The Karnataka government has revealed its ambitious plan to establish SWIFT City near Sarjapur in Bengaluru, aiming to enhance the start-up ecosystem and position the city as a leading industrial hub. The project follows the recent announcement of KWIN City, further emphasizing the government’s focus on innovation and entrepreneurship.

Project Overview

SWIFT City will cover over 1,000 acres and is designed to attract start-ups, aims to replicate the success of established industrial areas like ITPL and Electronic City. The project is set to become a central point for innovation and technology in Bengaluru.

The new city will feature excellent connectivity to National Highways 44 and 48. It will include wide 150-meter roads, modern office spaces, and co-working facilities. Additionally, residential areas and schools will be integrated into the development, creating a comprehensive environment for work and living.

Facilities for Start-ups

SWIFT City will offer 8 to 10 plug-and-play facilities, each spanning 20–25 acres. Start-ups can access land parcels ranging from 5,000 to 20,000 square feet. These options will be available through lease, sale, or equity-sharing agreements, providing flexibility for new businesses.

The Karnataka government plans to extend its vision by developing five mini KWIN cities across the state. Locations include Vijayapura and Hubballi-Dharwad, aiming to replicate Bengaluru’s success statewide. More information regarding these developments will be revealed at the upcoming Invest Karnataka summit.

KWIN City Launch

Earlier in September, the Chief Minister of Karnataka launched KWIN City. This project is located about 60 kilometres from Bengaluru and spans 2,000 acres. It aims to provide equal opportunities across all sectors, reinforcing the state’s commitment to innovation and well-being.

GKToday Facts for Exams:
SWIFT City SWIFT City, a new initiative in Bengaluru, spans over 1,000 acres. It aims to enhance the start-up ecosystem and boost industrial growth in the region.
KWIN City KWIN City is located 60 kilometres from Bengaluru. It encompasses 2,000 acres and focuses on providing equal opportunities in various sectors for sustainable development.
ITPL ITPL, or International Tech Park Limited, is a prominent IT hub in Bengaluru. It houses numerous technology companies and has contributed to the region’s economic growth.

« Previous Post