Peenya Industriral Area (Representative Image)
Peenya declared Special Investment Region; KIADB named Township Authority
In a major move to bolster industrial infrastructure in Karnataka, the state government has officially declared the entire Peenya Industrial Area in Bengaluru as a “Special Investment Region” (SIR) under the Karnataka Special Investment Region Act, 2022. Spread over 1461.46 acres and covering Peenya 1st to 4th phases, the region will now be governed by the Karnataka Industrial Areas Development Board (KIADB), which has been granted sweeping powers as both the Regional Development Authority and the Industrial Township Authority.
The notification issued on June 9 by the Department of Commerce and Industries outlines the inclusion of industrial lands in Nallakadarahalli, Laggere, Chokkasandra, and Peenya villages into the Peenya SIR. This transformation aligns with the government’s long-term vision to promote planned, large-scale industrial growth by creating autonomous regions focused on infrastructure, ease of doing business, and investment attraction.
With the new status, KIADB has been empowered to act independently in planning, development, land acquisition, and provision of civic amenities—effectively bypassing municipal corporations. The move is expected to reduce bureaucratic delays and provide a single-window clearance mechanism for investors and industries operating within the region.
Officials stated that the SIR framework will not only help rejuvenate the aging industrial hub but also create thousands of jobs through enhanced industrial activity, particularly in sectors like manufacturing, logistics, and precision engineering. The government is also expected to roll out special incentives and infrastructure projects under the SIR model in the coming months.
This declaration makes Peenya one of the first established industrial zones in Karnataka to receive SIR status—potentially serving as a blueprint for other industrial corridors across the state.