HUBLI: A consortium of five hardware companies has submitted a proposal to the State Government seeking 25 acres of land for setting up units in Hubli-Dharwad.

Vivek Pawar, Chief Executive Officer of Sankalp Semiconductor Limited, Bangalore, told presspersons here on Friday that the companies were eager to set up their units in the twin cities.

He said the consortium had not requested the Government for giving land at concessional rates. "We are ready to pay for the land according to the price fixed by the Government, but we are asking the Government to give us the option of deferred payment," he said.

He said another proposal had been submitted by a consortium comprising 10 companies seeking 100 acres of land for setting up an "Integrated IT City" between Hubli and Dharwad. "Whichever proposal gets the consent of the Government, we will go according to it as we do not want to slow down the momentum towards developing the twin cities as an IT hub," he said.

Mr. Pawar said the Indian semiconductor industry was one of the fastest growing industries. The Indian Semiconductor Association (ISA) — Frost and Sullivan report stated that the compounded annual growth rate of the industry was pegged at 30 per cent. This growth would result in the rise of revenue and the creation of nearly eight lakh jobs by 2015, he said.

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