Bengaluru Airport City: A New 2 Million Sq Ft Business Park Set to Transform Karnataka's Economy

Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), has officially begun the construction of an ambitious 2 million square foot Business Park, which will be a key component of the expansive Bengaluru Airport campus. This project, set across 17.7 acres, is poised to redefine the business landscape in Karnataka by providing a mixed-use destination that caters to various sectors.

A Catalyst for Economic Growth

As outlined in a recent statement from BIAL, the Business Park is part of Karnataka's new Global Capability Centres (GCC) policy for 2024-2029. This initiative aims to position Bengaluru as a vital global hub for GCCs, which are essential for driving innovation and business development. The project is expected to create approximately 350,000 jobs, contributing a remarkable USD 50 billion to the state’s economy. This aligns with the government's vision of making Karnataka a powerhouse for economic growth and job creation.

Features of Bengaluru Airport City

Bengaluru Airport City is being developed as a comprehensive mixed-use destination that will include not only the Business Park but also various amenities such as:

• Business Parks: Dedicated spaces for offices and commercial activities.
• Education and Health District: Institutions focused on learning and healthcare.
• Research and Development Hubs: Facilities designed to foster innovation and technological advancements.
• Entertainment and Hospitality Options: A range of venues for leisure, dining, and accommodation.

Enhancing Connectivity and Accessibility

Rao Munukutla, Executive Director and CEO of BACL, highlighted Bengaluru’s preeminence in the GCC sector, noting that the city currently houses 36% of India’s GCC workforce across diverse industries, including IT, biotechnology, automotive, and aerospace. To further enhance connectivity, the upcoming Airport West metro station will serve as a crucial link between the Business Park and Bengaluru’s city center. This infrastructure project promises to offer residents and employees faster and more eco-friendly commuting options, significantly reducing travel time.

Future Developments: A Vision for the Airport City

The plans for Bengaluru Airport City go beyond the immediate construction of the Business Park. Future developments include the establishment of India’s first 'Concert Arena' within an airport ecosystem, as well as a state-of-the-art Convention and Exhibition Centre. These additions aim to create a vibrant community that fosters business collaboration, cultural events, and tourism, ultimately enhancing Bengaluru's reputation as a global city.

Karnataka's Draft GCC Policy

On September 27, the Karnataka government unveiled a draft Global Capacity Centres (GCC) policy, with an ambitious goal of attracting 500 new GCCs by 2029. This initiative makes Karnataka the first state in India to implement a dedicated framework to support the growth of GCCs, reinforcing its commitment to becoming a leader in the sector.

The establishment of the Business Park within Bengaluru Airport City marks a significant milestone for Karnataka's economic development. By integrating business, education, and entertainment in a single location, this project is set to attract global investments and talent, reinforcing Bengaluru’s status as a premier destination for businesses. As the state moves forward with its GCC policy, it remains committed to fostering an environment conducive to innovation and sustainable growth. With the anticipated creation of jobs and the influx of investment, Bengaluru Airport City is not just a project; it is a vision for the future of Karnataka.