Hyderabad Plans Two New IT Parks in Suburbs
Hyderabad: State IT and Industries Minister, D Sridhar Babu, has announced plans to establish two new IT parks in the outskirts of Hyderabad. This decision was revealed during a high-level meeting on Tuesday at the Secretariat with representatives from Dew Software Company, which has proposed an investment of Rs 100 crore. Speaking about the initiative, the Minister highlighted the city’s growing reputation as an IT hub, attracting significant investments from global companies. “To sustain this growth, we have decided to develop two additional IT parks, similar to HITEC City,” he said.
The Minister shared that a detailed study is being conducted to identify the best locations for these IT parks. The study will assess factors such as land availability and connectivity to ensure both employees and investors find the parks accessible and convenient. “We are evaluating suitable areas in the city’s outskirts to ensure seamless connectivity,” Sridhar Babu added.
These IT parks will be designed with state-of-the-art infrastructure and amenities tailored for IT professionals. The Minister assured that employees would benefit from reliable transport systems, making it easier to commute from different parts of the city. “We will provide all necessary facilities to ensure convenience for everyone,” he said.
Addressing the challenges industries face in acquiring land, the Minister announced plans to introduce a dedicated land allocation policy. He explained that the current lack of a specific policy has created difficulties for entrepreneurs. The new policy will allocate land based on factors such as the scale of the investment and the number of jobs the project will generate.
Sridhar Babu also welcomed Dew Software Company’s Rs 100 crore investment, expressing confidence that it would create significant employment opportunities in the region. The Minister emphasized the State’s commitment to supporting industries and fostering IT growth in Hyderabad.
