As part of its aspirations to promote the IT industry outside of hyderabad, telangana is possibly the only State in the nation to have built eight IT Towers in tier I and II cities and towns, and these endeavors are already yielding significant rewards. A few businesses have also erected their units outside the IT tower campuses, driven by the State government's goal.

As a result, warangal, Khammam, Karimnagar, Mahabubnagar, Siddipet, and nizamabad are buzzing with IT activity. On Monday, nalgonda and Suryapet's new towers had their official openings from IT minister KT Rama Rao. The telangana government's plan to take the IT industry outside of hyderabad and into tier I and tier II cities was succeeding. According to Vijay Rangineni, CEO of IT Investments, telangana, things were really moving much more quickly than anticipated.

Around 12,500 young people now have jobs thanks to the activities of 75 enterprises that were already based at these towers. A total of 30 businesses have expressed interest in establishing offices at the recently opened nalgonda and Suryapet towers. This came about mostly as a result of interactions the IT minister had with nri CEOs in Washington, D.C., and other locations during recent tours to the US and other nations. He had informed them on the ecosystem built by the State government and the expansion of the IT sector in Tier II cities.

Several well-known enterprises, including Tech Mahindra, Cyient, and Genpact, were already housed in the warangal IT tower. In addition, other towers have been chosen for the establishment of LTI Mindtree, Genpact, HRH Next, and Hexad Solutions Private Limited. In Tier II cities, all of the units are typical businesses offering IT and ITES services. The majority of these businesses are engaged in operations related to accounting, insurance, finance, product design, IT consulting, strategic consulting, and IT recruiting.

A few businesses have decided to establish their units independently in other districts in response to the State government's initiative to develop the IT sector outside Hyderabad. Sanatana Analytics, for instance, is successfully running its branch in Bellampally, while a few other businesses have created branches in kodad and Parakala.

In addition to fostering a business-friendly environment, the state government has trained young people in skill development in accordance with management needs. This move helped the management reduce their operating costs because rents were lower than in metro areas, in addition to making brilliant workers more accessible. The economic spinoff was another benefit of spreading the IT sector to tier II locations. After many young people, especially locals, found work in various businesses, they made significant investments in purchasing land or cars.

Yesterday ktr laid the foundation for the IT tower in MALAKPET. He already opened in warangal and other cities.  A stark contrast to Andhra. zero capital expenditure. Just use diversification for political purposes and create unnecessary rift among people.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Telangana Andhra Pradesh

SIBY JEYYA

03/10/2023 07:13 AM