Plan for telecom city in Bangalore

BANGALORE: Efforts are under way to locate India’s first telecom city on 166 acres of land along the NH-4 near here. At an astronomical investment of Rs 2,500 crore, this may well be the biggest project that the state has attracted in recent times.
The sheer breadth of the vision makes this project seem a reckless dream, if not for the credentials of the investors: Chinese billionaire Li Ka Shing’s family which lords over a $40 billion empire of hotels, ports, the Panama canal, Hong Kong Telecom and Hutchison Telecom - more familiar to us under the ‘Hutch’ moniker -to name a few.
The Group owned STAR TV before selling it to media baron Rupert Murdoch. It is the largest shareholder of HSBC and accounts for over half of the market capitalisation of the Hong Kong Stock Exchange.
The family-owned Pacific Century Cyber Works and its holding company Data Access India Ltd have pitched the proposal to chief minister S M Krishna. Data Access is fast emerging as a leading player in international long distance telephony, a market set to explode in the coming days. Data Access promoted Global Telecom City will be the front-end of the project.
Chiranjiv Singh, principal secretary to the CM told The Times of India: "We would like to see this prestigious project come to Bangalore, especially at a time when there is intense competition from other states. The proposal has been referred to the BDA and the process of transferring the land is on."
In a September 24 dated project proposal to chief minister S.M.Krishna, Siddarth Ray, CEO, Data Access says he is confident that the project will ensure that Bangalore emerges as the "global telecommunications hub in Asia" drawing away investments from both Hong Kong and Singapore.