The country’s first integrated machine tool industry park (IMTP) is set to come up near Bengaluru. The Indian Machine Tool Manufacturers’ Association (IMTMA), an apex body of machine tool makers, had conceived the idea of setting up the park and has chalked out a blue print for its execution. The IMTMA has entrusted the task of preparing the detailed project report (DPR) to IL&FS, which is expected to be ready shortly. The park will be a cluster of machine tool builders, makers of accessories, components, foundry among others. It will have a common facility centre for all companies setting up shop in the park. The IMTMA has proposed to set up the park on a 300-acre plot at Hosa Narasapur Industrial Area near Tumkur, with a provision to scale it up to 500 acres, Vikram Sirur, President, IMTMA, said. IMTMA has signed a memorandum of understanding with the Karnataka government during the Global Investors’ Meet 2012.