KHIR City: Bengaluru is known for its vibrant lifestyle and startups, but more than that, it is also known for its traffic and weather.
However, those who came here to look for jobs and started living here may complain about a few things, but one thing is certain: leaving this beautiful city is not on their mind.
![telegram channel](https://tradebrains.in/wp-content/uploads/2023/01/telegram-channel.png)
After Gujarat had its own GIFT CITY, Karnataka is now planning to build its own city, KHIR City. Yes, the name might sound a little unusual, but it is set up to unleash wonders.
So, what is this KHIR city?
It was on November 10 that the Karnataka government announced the plan for KHIR City, which stands for Knowledge, Healthcare, Innovation, and Research City.
This project is planned on the outskirts of Bengaluru and aims to attract Rs. 40,000 crore 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 be developed within 60 km of Bengaluru in a phased manner. While the location is yet to be finalised, it might 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 is more than just a city; it’s a vision in the making!
How will it help people and the economy?
Well, according to MB Patil, Karnataka’s big and medium industries and infrastructure minister, this new city means more than just bricks and roads.
Addressing the brainstorming session for the establishment of KHIR city, he explained what the city is all about.
It will help create more jobs and attract global investments, research centers, universities, private companies and more. This initiative has the potential to contribute to 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 approximately 8.7% to the national GDP.
Apart from 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 is about making Bengaluru a medical tourism hub as well. That means more jobs for locals and attracting talent from around the world.
Although he mentioned making health care affordable and accessible as a goal for the country, it is hard to believe if this is really possible or just another way of giving us hope.
Do you think there is still a need for this new city in Bengaluru?
Written by Shivani Singh
By using the stock screener, stock heat map, portfolio backtestingand stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks also updated with stock market newsand make a well-informed investment.
![](https://tradebrains.in/wp-content/uploads/2021/06/Portal-Mobile-App-Ad-2023-Web.jpg)
Start Your Stock Market Journey Today!
Want to learn stock trading and investing? Be sure to check out exclusive Stock Market courses from FinGrad, Trade Brains’ learning initiative. You can enroll in FREE courses and webinars available at FinGrad today and get ahead in your business career. Join now!!