KHIR City – Karnataka Government to Attract Rs 40,000 crores Investment

KHIR City: Bengaluru is known for its vibrant lifestyle and startups, but more than that, it is also known for its traffic and weather. 

Yet, those who have come here in search of jobs and started living here might complain about a few things, but one thing is for sure: leaving this beautiful city is not on their minds.

After Gujarat had its own GIFT City, Karnataka is now planning to build its own city, KHIR City. Yes, the name might sound a bit unusual, but it’s set to unleash wonders.

So, what is this KHIR City?

It was on November 10, when the Karnataka government announced the plan for KHIR City, which stands for Knowledge, Healthcare, Innovation, and Research City.

This project is being planned on the outskirts of Bengaluru and aims to attract Rs. 40,000 crores in investments in the healthcare, innovation, and knowledge sectors, creating over 80,000 jobs and boosting the healthcare, innovation, and knowledge sectors.

This new investment region will unfold within 60 km of Bengaluru in a phased manner. While the location still needs to be finalised, it will possibly come up near Kempegowda International Airport (KIA).

KHIR City is inspired by Singapore’s Biopolis Cluster and Japan’s Kobe Biomedical Innovation Cluster and will spread across 2000 acres.

It will be implemented in two phases, with each phase requiring 1000 acres of land. It’s more than just a city; it’s a vision taking shape!

How will it help people and the economy?

Well, according to MB Patil, Karnataka’s large and medium industries and infrastructure development minister, this new city means more than just bricks and roads.

While addressing the ideation session for setting up KHIR City, he clarified what the city is all about.

It will help create more jobs and attract global investments, research centres, universities, private companies, and more. This initiative has the potential to contribute towards the state’s GDP, making Karnataka an even bigger player in the Indian economic game.

Karnataka is already one of the top five states in India in terms of economic value, contributing around 8.7% to the national GDP.

Besides attracting investments, this project aims to contribute at least Rs. 1 lakh crore to the state GDP.

But it doesn’t just stop at numbers or money; it’s about turning Bengaluru into a medical tourism hub as well. That means more jobs for locals and attracting talent from around the world.

Though he mentioned making healthcare affordable and accessible as a goal for the country, it’s hard to believe if this is really possible or just another way of giving us hope.

Do you think there’s still a need for this new city in Bengaluru?

Written By Shivani Singh

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