The potential growth of this sector can be seen from the fact that according to a recent KPMG study, biotech/ healthcare IT are amongst the top trends that can disrupt industries in the next 3 years.
In 2012, the Karnataka Government had sent a proposal for setting up an Information Technology Investment Region (ITIR), which got the Union Cabinet approval nod in 2013. This proposal included setting up of parks where IT and biotechnology companies, including startups could set up operations.
For the development of ITIR, the Karnataka Industrial Area Development Board (KIADB) had announced that it will acquire 2,072 acres for the first phase of this project, which the state is still in the process of acquiring. Business LIne
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