Hyderabad(Hyd): The Telangana (TL) cabinet has sanctioned a proposal that focuses on the development (devt) of IT industry in all 4 areas of Hyderabad(Hyd). The development (devt) comes as a consequence of regions like Madhapur, Gachibowli & Kondapur experiencing 90 per cent of expansion.
The govt by bringing Grid policy in Hyderabad(Hyd) aims in creating all this corners of the city opens for IT businesses. Expansion within the IT industry of Telangana (TL) stood in 18 per cent over INR 1, 18,000 cr. This call comes with motive to give a furthermore push to the industry.
As majority of the expansion took place within the western part of the city; Gachibowli, Madhapur, Kondapur & its surrounding regions, eyes are towards the regions like East (Uppal, Pocharam), North (Kompally), South (RGIA, Shamshabad & Adibhatla & North-West (Kollur/Osmansagar) & regions outdoor of the West that would form the Hyderabad(Hyd) Grid.
The overall concessions for the upcoming IT businesses in these regions would be INR 66.75 cr.
Within the next 5 yrs., regarding 100 acres of land going to be allocated to build IT regions. In Uppal & Pocharam, Ghatkesar & Kompally, as much as 10 mln square value of workplace space is to be created. This going to give 1 lakh new IT & ITES jobs.