The Conductor of Good Times - Mysuru gets a Rs.22,900 Cr Semiconductor Fab Plant
Mysore is shining and how! Good news is ringing in from all quarters! Close on the heels of mega projects such as the 10 Lane Expressway between Bangalore - Mysore, double-tracking of the railway line, Airport runway expansion, Multi-modal Logistics Park, the lucrative Beyond Bengaluru project etc., comes another great news!
The State Government has decided to set up a Semiconductor Fab Plant in Mysuru with an investment of Rs.22,900 Crores (3 Billion Dollars). An MoU was signed recently at Bangalore with Israel-based International Semiconductor Consortium ISMC Analog Fab Private Limited. The unit will be the first and the largest semiconductor fabrication unit in the country. The mega project is estimated to create 1,500 direct jobs and 10,000 indirect jobs. The establishment of the plant at Mysore will result in the overall development of the region and will give a huge boost to the industry sector.
Mysuru will be on the global map of the semiconductor industry and will encourage additional investments apart from generating direct and indirect employment. The local industry will also largely benefit from this plant. The fantastic and progressive project is sure to change the industrial landscape of the city. The semiconductor plant will require the establishment of many other supplier industries and this will open the floodgates of employment and growth.
Is it Worth Investing in Mysore?
Rs.22,900 Crores will change the face of Mysore. Mysuru is fast becoming a big industrial hub supported by the Karnataka Government’s Karnataka Digital Economy Mission (KDEM) and Beyond Bangalore initiatives. The setting up of big industries and manufacturing hubs will boost all the other allied industries. It will lead to many job creations, and growth and will boost the region’s economy. Industrialisation will reshape the city and its real estate sector for the better. The impact of economic development of this project will drive up the real estate value by many folds. This will open up an unprecedented opportunity for investment.
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Alliance Square has more than 20 years of experience in the real estate industry and offers you the best investment opportunities in Mysuru. We have more than 25000 happy customers so far. You can choose from a wide range of premium DTCP & RERA approved plots in Mysore in all directions of the city. Alliance Square has well developed, ready-to-register MUDA sites at attractive EMIs available. The best time to invest is NOW & the best place to invest is Mysuru.