Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) earlier known as Karnataka State Industrial Investment and Development Corporation, was established in the year 1964, as a wholly owned undertaking of the Government of Karnataka. KSIIDC is currently involved in recovery of the pending loan portfolios as well as major infrastructure projects taken up on PPP basis like Development of a Sea Port at Tadadi, International Convention Centre & Devanahalli Business Park near BIA, etc In addition, KSIIDC has entered into joint ventures with ILFS for providing consultancy & advisory services; and with GAIL for City Gas Distribution project.