|
IT investment region to come up around Hyderabad
Saturday September 08, 2012 08:17:57 PM,
IANS
|
|
|
|
|
Hyderabad: This information technology hub is expected to witness
rapid growth in the IT sector with the setting up of investment
region around the city.
The central government has agreed in principle to Andhra Pradesh
government's proposal for setting up an Information Technology
Investment Region (ITIR), a minister announced Saturday.
State IT Minister Ponnala Lakshmaiah told reporters that the ITIR
would come up over 50,000 acres of land in 25 years. It is aimed
at attracting an investment of Rs.2.19 lakh crore in the ITTES
sector and providing direct employment to 15 lakh people.
The investment region is expected to increase the direct
employment from the current three lakh to 15 lakh and indirect
employment from 10 lakh to 50 lakh. The built-up space will rise
from the present 40 million square feet to 130 million square
feet.
The investment region would comprise production units, public
utilities, logistic, environment protection mechanism, residential
areas and administrative services in three proposed corridors.
The government proposed to develop the infrastructure for ITIR at
an estimated cost of over Rs.15,000 crore.
Under the mega project, special economic zones (SEZs), industrial
parks, free trade zones, warehousing zones and export-oriented
units would come up in three corridors around the city.
The minister said the ITIR would increase IT exports from the
present Rs.50,000 crore to Rs. 2.35 lakh crore. Similarly the
electronic hardware manufacturing sector will grow from the
current Rs.6,000 crore to Rs.80,000 crore.
The development of IT sector in Hyderabad began in mid 1990s and
it is today at the fourth place in the country in terms of IT
exports.
The city is home to global IT giants and Fortune 500 companies
like Microsoft, Google, IBM, Oracle, DELL, Motorola, Deloitte,
Convergys, UBS, Bank of America and HSBC.
|
|
Home |
Top of the Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i |
|
|
|
|
|
|
|
|
More Headlines |
|
Indian traders to be treated like those from
other nations: Khar |
|
UP set to dole out unemployment allowance |
|
For the Congress, silence is not golden |
|
YCMOU
Nashik launches web radio |
|
Striving for a just society |
|
India: From ferrying rockets on cycles to
eyeing Mars |
|
Sheikh Abdullah's 30th death anniversary passes almost unnoticed |
|
A dinner to remember in Pakistan
|
|
Increase in communal incidents cause of
concern: PM |
|
20 years old Ghalib cracks CA exams; eyes post of CAG India |
|
Multiple earthquake in China; 80 killed, hundreds injured |
|
|
|
Top Stories |
|
 Visa on arrival for Indian, Pakistani elders
Senior
citizens, aged 65 and above, in India and Pakistan can now walk
across the border between the two countries and need not go
through the hassles of getting a visa from embassies in New Delhi
and Islamabad. »
Stable Pakistan in everyone's interest: Krishna
A dinner to remember in Pakistan
|
|
|
|
Most Read |
|
 20 years old Ghalib cracks CA exams; eyes post of CAG India
Notwithstanding the fact that he was under 21 years of age and
hence would not be eligible for the mandatory enrolment at the
Institute of Chartered
»
|
|
Multiple earthquake in China; 80 killed, hundreds injured
At least 80 people have been confirmed dead and more than 700 were
reported injured after multiple earthquakes struck a mountainous
region in southwest China's Yunnan province Friday, authorities
said Saturday.
Two quakes measuring 5.7 and 5.6 on the Richter scale jolted the
province, Xinhua
»
|
|
|
|
News Pick |
|
Sheikh Abdullah's 30th death anniversary passes almost unnoticed
On his 30th
death anniversary Saturday, few people came to pay homage to
Sheikh Muhammad Abdullah, who led the struggle against Maharaja Hari
Singh and championed self-rule
»
|
|
Palestine President Mahmoud Abbas heads to India next week
Amid the
flux in West Asia, India will reinforce its commitment to the
Palestinian cause and will sign three pacts during the visit of
Palestinian President Mahmoud Abbas next week. Accompanied a host
of senior
»
|
|
India: From ferrying rockets on cycles to
eyeing Mars
From the days
of having a church as control room, the bishop's house as office,
a bicycle as ferry, naked eyes to track the smoke plume at Thumba
»
Countdown begins for 100th Indian rocket
mission
|
|
PM slams opposition for stalling parliament, BJP hits back
On a day
parliament ended its monsoon session with two-thirds of the
sittings washed out, Prime Minister Manmohan Singh Friday hit out
at the BJP for stalling proceedings »
After 13 days of disruption, monsoon session ends
Parliament disrupted for 12th consecutive day
|
|
|
|
Picture of the Day |
|
 |
|
President
Pranab Mukherjee presenting the National Award for
Teacher-2011 to Mrs. Javeeda Akhtar Khan, Jammu & Kashmir, on
the occasion of the ‘Teachers Day’, in New Delhi on September
05, 2012. Union Minister for Human Resource Development and
Communications and Information Technology Kapil Sibal and
Minister of State for External Affairs and Human Resource
Development E. Ahamed are also seen. |
|
|
|
|
|
|
Comments
|
Quick links