Monday December 10, 2018
Home Business Karnataka app...

Karnataka approves nine IT projects to generate more jobs

0
//
Republish
Reprint

Bengaluru: The Karnataka government on Monday cleared nine IT projects with a combined investment of Rs.3,097 crore, including a proposal by global chip maker Intel’s Indian subsidiary.

The state high-level clearance committee, chaired by Chief Minister Siddaramaiah, cleared four major IT projects, with combined investment of Rs.2,957 cores, while the single window clearance cell, chaired by IT Minister S.R. Patil, cleared five projects with the combined investment of Rs.140 crore,

Intel will invest Rs.1,100 crore to set up its second computer software development centre and hardware design services facility in the city’s southeast suburb with job potential for 3,000 engineers.

Velankani Electronics Ltd will invest Rs.1,130 crore in the electronics city to expand its capacity to make electronic products and generate jobs for 2,400 people.

Saltire Developers Ltd to invest Rs.463 crore for setting up a special economic zone (SEZ) for IT/IT-enabled services with job potential for 25,000 people.

Amin Properties will invest Rs.265 crore to set up a SEZ at Devanahalli near the city’s airport for IT/IT-enabled services with job potential for 8,000 people.

The five other IT projects are from Alisa Agency (Rs.14 crore), Regen Environ Management Services (Rs.7 crore), Itwine Technologies (Rs.7.5 crore), Sol Biz Consulting Ltd (Rs.16.5 crore) and Hical Technologies (Rs.95 crore) with a combined job potential for 1,355 people.

The approvals come two days ahead of the global investors meet (GIM) from Wednesday in the city to attract global investments in diverse sectors.

(Inputs from IANS)

(Picture Courtesy: finalreport.in)

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

Intel Brings New Processor For Entry-Level Servers

The Xeon E-2100 processor is targeted at small- and medium-size businesses and cloud service providers

0
Intel
Intel announces massive 48-core chip, new processor for entry-level servers.

Intel on Monday announced two new members in its Xeon processor portfolio, including the 48-core Cascade Lake advanced performance processor.

The Cascade Lake advanced performance chip is expected to be released in the first half of 2019 and the Intel “Xeon E-2100” processor for entry-level servers is now available, the company said in a statement.

“The new parts represent a substantial upgrade over current Xeon chips, with up to 48 cores and 12 DDR4 memory channels per socket, supporting up to two sockets,” said Intel.

The two products build upon Intel’s foundation of 20 years of Intel “Xeon” platform leadership and give customers even more flexibility to pick the right solution for their needs.

“We remain highly focused on delivering a wide range of workload-optimised solutions that best meet our customers’ system requirements.

intel
intel technology, pixabay

“The addition of Cascade Lake advanced performance CPUs and Xeon E-2100 processors to our Intel Xeon processor lineup once again demonstrates our commitment to delivering performance-optimized solutions to a wide range of customers,” said Lisa Spelman, Intel Vice President and General Manager of Intel Xeon products and Data Center Marketing.

Cascade Lake advanced performance chip is designed for the most demanding high-performance computing (HPC), Artificial Intelligence (AI) and infrastructure-as-a-service (IaaS) workloads.

Also Read- More US States Lift Taxes From Female Hygiene Products

The Xeon E-2100 processor is targeted at small- and medium-size businesses and cloud service providers.

“The processor supports workloads suitable for entry-level servers, but also has applicability across all computing segments requiring enhanced data protections for the most sensitive workloads,” said Intel. (IANS)