
Telangana IT and Industries Minister D Sridhar Babu has announced the development of two IT parks in the suburbs of Hyderabad. Speaking at a high-level meeting, the minister reiterated the state’s commitment to IT growth.
The meeting also included representatives of Dew software company, which will be investing Rs 100 crore in Hyderabad.
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Sridhar Babu posted on X – Soon Hyderabad will have two IT parks! He went on to say – To sustain our city’s momentum as a fast-growing IT hub, we will soon develop two new IT parks, similar to Hi-Tec city.
Detailed studies are underway to identify perfect locations, ensuring seamless connectivity and accessibility to all, said the minister.
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These IT parks will be no less than a landmark for Hyderabad, with world-class infrastructure, robust transport systems and endless opportunities!, the minister stated.
Sridhar Babu announced that a study was underway to figure out the extent of land required. He also emphasized that world-class infrastructure facilities and essential amenities will be developed for IT professionals.
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The minister agreed that there was no dedicated land allocation policy for industries so far. But a new policy will allocate land based on scale of investment and number of jobs created.
The minister shared that Dew Software Company will be creating 900 jobs in the coming 5 years. With such developments, Hyderabad is making its mark as an innovation and technological advancement hub in India, Sridhar Babu concluded.