| Bangalore, is a self sufficient world-class facility that offers companies a one-stop shop for their operations. The first phase of the Tech Park consisting of two blocks of office and production space is nearing completion and the tenants have started their fitting our work. The two blocks are of 14 and 12 floors, covering a total area of 68,337 sq.mts. The other facilities in Phase I comprise of production block covering 6 floors and area of 35,938 sq.mts. And a ground commericial floor space covering 6454 sq.mts. ITP can provide employment to over 4,000 people which is over 4,000 people which is expected to increase to over 15,000 people when the entire project is completed. The International Tech Park will house 50+90 residential units which is targeted for completion by August 1999. The International Tech Park, based on the model of Singapore Science Park seeks to do away with the usual infrastructural hurdles faced by companies in India. The prime concern of any business venture is the availability of power, telecommunication and water, are all available under one roof in the International Tech Park. A 3x3 mw captive power which has been installed in ITP will serve as a stand by to the 220 Kw power lines from Karnataka Electricity Board, thus ensuring that the offices/production units and residential apartments within the Park never face a power shortage. ITP is also equipped with a 1000-lines dedicated telephone exchange with a provision to upgrade it to 12,000 lines in future. The clients can also be provided immediate data connectivity of any bandwidth from ITP using the VSNL hub located at the Interantion Tech Park. By January 1998, VSNL will commission a 13m antenna for satellite link for its clients at ITP directly from ITP Earth Centre. Apart from the basic infrastructural amenities, the International Tech Park also provides some value added services like business/office support centres, medical centre, food court, restaurants, recreation and fitness centres. ITP's target profile includes companies which are in technology oriented industry like Research and Development, Product Design, Information Technology and Software Development; Prototyping, Manufacturing, Industrial Packaging, Technical and Customer Support, Computer/Nerve Centre and/or Data Processing, Sales and Marketing, Industrial Trading, Showroom and other activities that Information Technology Park Ltd. deems fit. However other support function activities like administrative and ancillary offices, employee recreational facility; warehousing/storage facility;technology and business consultancy etc. may also be considered. According to the CEO, ITPL, Mr. Kang Kok Hin, "We are targetting those companies which can appreciate the world-class amenities provided by the International Technology Park". The International Tech Park is located in Whitefield, 18 Kms East from the city centre and a mere 12 kms. from the Bangalore airport. The Park is also well linked through the city's extensive network of roads and highways. The 68 acres project when divided into three phases would include 1,72,000 sq.mts of modern space, 1,35,000 sq.mts. of wide columnar production space and 400 residential units on completion. The first phase is nearing completion with phase II and III scheduled to be completed by the year 2003. Around 38% of the space at the International Tech Park has been either booked of leased by prominent companies like Siemens Components, Hitachi Asia, TCS, Singapore Technologies, Rotary Engineering, SAP Ag, Sony, Gemplus Technologies, Times Bank etc. Tech International Tech Park, Bangalore sets a new standard for business facilities in India. The estimated Rs. 1475 crore project is being developed by a joint venture group concerning, the Tata Industries Ltd., Singapore's Information Technology Park Investments Pvt Ltd., the Karnataka Industrial Areas Development Board. |
