Larsen & Toubro (L&T) is reportedly planning to set up an IT Park and IT SEZ in Bengaluru for a combined investment of Rs 2,080 crore. The company’s application to set up an IT park and IT SEZ in Yelahanka near the international airport came up before the Karnataka State High Level Clearance Committee (SHLCC) for clearance on Friday. The company’s application is for setting up an IT Park at an investment of Rs 800 crore, creating 9,100 jobs, and an IT SEZ for Rs 1,280 crore. The SEZ will create 9,800 jobs.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue. It operates in over 30 countries worldwide.