Karnataka's Rs 2 Lakh Crore Plan: Bengaluru Set to Become World-Class Hub by 2037

Additional Chief Secretary of the Urban Development Department Tushar Giri Nath and ISEG Director Dr Shirish Sankhe exchanged signed documents in the presence of Deputy Chief Minister DK Shivakumar at an event organised in Vidhana Soudha.

Speaking on the occasion, DK Shivakumar, who is also in charge of Bengaluru Development, said that the party has made efforts for the past three years to make Bengaluru into a world-class hub.

"We have been making efforts for the past three years to make Bengaluru into a world-class hub. We have provided record levels of economic strength to Bengaluru and its surrounding areas over the last three years. The per capita income in the Bengaluru Metropolitan Area stands at $8,850 -- double the state average. Bengaluru urban, rural, and southern districts together spread over more than 8,000 square kilometres, with a population of 16 million," he said.

He further added that Bengaluru contributed 42 per cent of India's software exports and decided to give Bengaluru a new form and renewed strength.

"Bengaluru contributes 42% of India's software exports. As Bengaluru city completes 500 years, we have been deliberating on formulating a comprehensive Economic Master Plan for the period 2032 to 2037. We have therefore decided to give Bengaluru a new form and renewed strength," he added.

"A blueprint will provide directions on where to create employment, where tourism should be developed, where housing schemes should be introduced, and how traffic congestion should be addressed. I have seen heavier traffic congestion in other cities of the country like Mumbai, Delhi, and Kolkata. I am not blaming them. We have formulated a plan on how to solve this problem. A plan worth approximately Rs 2 lakh crore has been drawn up and is being implemented in a phased manner," he explained.

"Instructions are being given to formulate a data-driven Economic Master Plan. This will not impose any financial burden on us. Opinions and suggestions will be sought from key citizens as well as sectors, including energy, city corporations, water, urban development, information technology, and industries," he added.

Shivakumar added a new shape to the decision taken to make Bengaluru a world-class hub.

"We are giving new shape to the decision taken to make Bengaluru a world-class hub. Bengaluru will be prepared to compete with global cities. The ISEG Foundation, which has come forward to sign this agreement with us, has already formulated such plans in Mumbai, Visakhapatnam, Pune, and Varanasi. They have been given 4 months, within which they will submit the blueprint. I am instructing our officials to extend all necessary cooperation to them. Citizens of Bengaluru, developers, industrialists, and educational institutions must be taken into confidence to create a grand Master Plan," he directed.

- ANI