The project will cost about Rs 40,000 crore and is expected to add about 100,000 jobs, Industries & Infrastructure minister MB Patil said.
The government has formed an advisory committee comprising eminent citizens such as Dr. Devi Shetty, Kiran Mazumdar-Shaw, Prashanth Prakash, Thomas Osha, Ron Kimball, Mohandas Pai, and Nikhil Kamath, among others to monitor progress of the project. The city will be designed to accommodate a residential density of 100 people per acre, Patil added.
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The KHIR-City is expected to make a significant contribution to the state’s economy and boost exports, positioning Bengaluru for greater global prominence, he said. The city, he added, will be home to world-class universities, hospitals, innovative industries, and research institutions.
