Karnataka launches SWIFT City in Bengaluru to boost industrial growth

To increase Bengaluru’s standing as a global hub for startups and technology, the Karnataka government has started an ambitious plan to build SWIFT City (Startups, Workspaces, Innovation, Finance, and Technology City) close to Sarjapur. Supporting technical advancements and entrepreneurship is the goal of the 1,000-acre new industrial and innovation complex.

Karnataka Minister MB Patil claimed that SWIFT City will be built to compete with well-known industrial regions such as ITPL and Electronic City. It will provide cutting-edge infrastructure, including eight to ten plug-and-play facilities spanning 20 to 25 acres. The city will also have co-working spaces, offices, residential buildings, schools, and 150-meter-wide roadways, guaranteeing seamless connection for both companies and inhabitants.

The project would provide customizable land choices ranging from 5,000 to 20,000 square feet, appealing to startups through a variety of structures such as lease, sale, or equity participation. The strategic location near Bengaluru’s prominent IT hubs, along with excellent connectivity to National Highways 44 and 48, further boosts the city’s accessibility for businesses.

Beyond SWIFT City, the Karnataka government plans to expand its vision for industrial development with five mini KWIN (Karnataka Workspaces for Innovation and Nurturing) cities in other regions like Vijayapura and Hubballi-Dharwad. These cities aim to ensure balanced growth across the state. Additionally, the KWIN City, located about 60 km from Bengaluru between Doddaspete and Doddaballapur, will span 2,000 acres and focus on innovation and creating equal opportunities across various sectors.

This project is part of the state’s overall plan to promote commercial and technical growth outside of Bengaluru. The Karnataka administration will explore these advances further at the forthcoming Invest Karnataka Summit, where it hopes to demonstrate how the state’s industrial environment is developing to suit future demands.