Hyderabad: The Centre has issued notification for the much-awaited ITIR project and the state government has released Rs 90 crore to fast track the project, which is set to increase the city's infrastructure and investment profile.
The project is expected to attract a total investment of about Rs 2,19,440 crore of which the IT/ITeS sector is expected to attract Rs 1,18,355 crore and the electronic hardware manufacturing sector Rs 1,01,085 crore.
“The notification for ITIR Hyderabad has been issued and now it’s for the state government to take it forward,” said a senior official from the ministry of communication and information technology, New Delhi.
The Telangana state government, meanwhile, has a consultant appointed by the HMDA in place to work out detailed plans for the ITIR project. Around 41,000 acres of land is available in the vicinity of Hyderabad in three clusters for the project. The project requires nearly 50,000 acres of land.
The proposed ITIR is expected to have a lot of linkages with the existing IT/ITeS/EHM base in the state. Major players in the IT/ITeS sector, such as Google, Microsoft, Oracle, IBM, Infosys, Wipro, Honeywell, Cognizant, TCS, HSBC, Dell, Amazon, Bank of America, Motorola, No-kia Siemens Network, Qual-comm, etc. and EHM companies like Solar Semi conductors,
MIC Electronics, Lampex Electronics, Titan Energy Systems, Embedded IT Solutions India Pvt Ltd, Photon Energy Systemsetc. have shown interest to move to the Brownfield area of ITIR.
Out of the proposed 202 sq. km area of ITIR, 41 per cent, i.e. 82.4 sq. km, would be the processing area (IT office space). Of this, the Greenfield area proposed for development through ITIR is 76.9 sq. km. The Brownfield area of 5.5 sq. km comprises existing IT developments in Madhapur, Gachibowli and Nanakramguda.
