Complex sentence: Two such parks are under construction, one Export Promotion Industrial Park (EPIP) at Ganjimutt and a second IT SEZ near Mangalore University, while a third IT SEZ is being proposed at Ganjimutt.
Split into simpler sentences: Two such parks are under construction, one Export Promotion Industrial Park (EPIP) at Ganjimutt and a second IT SEZ near Mangalore University. A third IT SEZ is being proposed at Ganjimutt.