semiconductor / news / / The Hindu Business Line
The cabinet ministry of Karnataka approved the allocation of 140 acres of land at Bengaluru Signature Business Park.
Karnataka cabinet approved allocating 140 acres to Applied Materials at BSBP near Kempegowda Airport.
KEY POINTS
- The land is priced at ₹1,288 per sq ft, totaling ₹780 crore for Applied Materials.
- The allocation operates on a lease-cum-sale basis and awaits statutory and regulatory clearances.
- Karnataka will review disposal mechanisms for the remaining 267 acres, considering competitive bidding.
- The state plans to re-examine the BSBP land disposal policy following this Applied Materials allocation.
COMPANIES
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