Change to state land laws may make M&As in IT parks smooth

BENGALURU: A recent amendment to Karnataka’s land laws is expected to help developers of technology parks, industrial estates and special economic zones (SEZs) as well as investors as it opens up opportunities in mergers and acquisition (M&A) deals.

Chief minister BS Yediyurappa and revenue minister R Ashoka took the lead in amending the law by first discussing it in the Cabinet. After the Cabinet nod, the Raj Bhavan recently promulgated an Ordinance giving effect to the enabling provision in the law.