India, June 11 -- The Karnataka government has officially notified Bengaluru's Peenya Industrial area as a Special Investment Region (SIR), making it the 18th such zone in the state. Situated along the Bengaluru-Tumakuru highway, Peenya is one of Southeast Asia's oldest and largest industrial hubs, home to a wide range of manufacturing units producing engineering goods, electrical equipment, textiles and several start-ups.

Peenya Industrial Area (PIA), located in northwestern Bengaluru, was established in the late 1970s. It houses several small, medium and large-scale industries.

Real estate experts say the SIR designation is likely to boost civic infrastructure in the core areas of Peenya. As the area develops into a more organized ind...