Karnataka Plans Swift City for Start-Ups in Sarjapur

16 Dec 2024 CW Team

Karnataka's Large and Medium Industries Minister MB Patil explained that, despite Bengaluru hosting thousands of companies, there has been dissatisfaction with the lack of well-planned workspaces. To address this, the government plans to build 150-ft-wide connecting roads in Sarjapura and ensure world-class facilities, including residential clusters and schools. The area has been selected for its strategic location, close to National Highways 44 and 48, and its proximity to Bengaluru’s thriving IT hub.

SWIFT City will focus on becoming a start-up hotspot, with 8-10 Plug-and-Play infrastructure facilities, each covering 20-25 acres. The city will offer a mix of offices, residential spaces, and co-working environments to support start-ups. Small and medium-sized start-ups will be able to lease, purchase, or share investment in spaces ranging from 5,000 to 20,000 sq ft. The city aims to emerge as a leading hub for innovation in areas like AI, data analytics, and fintech.

Additionally, the government is working to transform Karnataka into a 'Silicon State'. While Bengaluru is already known as the Silicon City, the goal is to extend this recognition across the entire state. Plans are also in place to develop five Mini KWIN Cities, including in Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department. More details on these initiatives will be announced at the Invest Karnataka conclave in February.

Minister Patil stressed the importance of innovative concepts to attract investors, noting that if proactive steps are not taken, neighbouring states could gain an advantage in securing investment opportunities. The government remains committed to ensuring investment inflows, job creation, and economic growth.

Karnataka is set to develop SWIFT City (Startups, Workspaces, Innovation, Finance, and Technology) in Sarjapura, Bengaluru, to promote integrated industrial growth in the state. This will be Karnataka’s third major planned industrial hub, following Electronic City and ITPL. The project involves reserving over 1,000 acres of land in the Sarjapura Industrial Area. Karnataka's Large and Medium Industries Minister MB Patil explained that, despite Bengaluru hosting thousands of companies, there has been dissatisfaction with the lack of well-planned workspaces. To address this, the government plans to build 150-ft-wide connecting roads in Sarjapura and ensure world-class facilities, including residential clusters and schools. The area has been selected for its strategic location, close to National Highways 44 and 48, and its proximity to Bengaluru’s thriving IT hub. SWIFT City will focus on becoming a start-up hotspot, with 8-10 Plug-and-Play infrastructure facilities, each covering 20-25 acres. The city will offer a mix of offices, residential spaces, and co-working environments to support start-ups. Small and medium-sized start-ups will be able to lease, purchase, or share investment in spaces ranging from 5,000 to 20,000 sq ft. The city aims to emerge as a leading hub for innovation in areas like AI, data analytics, and fintech. Additionally, the government is working to transform Karnataka into a 'Silicon State'. While Bengaluru is already known as the Silicon City, the goal is to extend this recognition across the entire state. Plans are also in place to develop five Mini KWIN Cities, including in Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department. More details on these initiatives will be announced at the Invest Karnataka conclave in February. Minister Patil stressed the importance of innovative concepts to attract investors, noting that if proactive steps are not taken, neighbouring states could gain an advantage in securing investment opportunities. The government remains committed to ensuring investment inflows, job creation, and economic growth.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..