Los Angeles-based startup Virgin Hyperloop One has signed MoU with the Karnataka Urban Development Department (KUDD). The partnership aims to conduct its preliminary study to understand Hyperloop’s feasibility and economic impact in the Bengaluru region.
This announcement came in soon after Virgin Hyperloop One announced its partnership with the Maharashtra and Andhra Pradesh governments.
Virgin Hyperloop One will be working with partners in the region and KUDD will help navigate the regulatory requirements and support the report with data.
“Bengaluru has been the IT hub of the country and all major giants have been functioning out of the region. The introduction of a technology like hyperloop will further add to the pace at which the state wants to grow,” said Priyank Kharge, ITBT & Tourism, Government of Karnataka. “We are happy to partner with Virgin Hyperloop One for its preliminary study in our region and we hope to bring out some concrete solutions for the state swiftly.”
Hyperloop Preliminary Study: How Karnataka Will Get Benefited
Karnataka is a growing hub for technology and innovation. Recently, when global research firm 2thinknow placed Bengaluru at the 19th spot amidst 25 most hi-tech cities in the world, Karnataka Ministers gave credit for this achievement to state government’s timely policies and vision.
Here is a glimpse of recent policy adoptions and initiatives taken by the Karnataka government to foster tech and entrepreneurship in the state.