Adilabad IT Tower Needs State Support To Attract Companies, Create Jobs
The high maintenance cost of office space in the Adilabad IT Tower could pose a challenge for local IT professionals seeking to establish start-ups.
The Adilabad IT Tower being inaugurated shortly is coming at a challenging time for the information technology sector, when artificial intelligence (AI) is enabling several companies to reduce their workforce.
As a result, the IT Tower may need sustained state government support to attract companies and remain operational in the backward Adilabad region. The town’s residents have appeared to the state government to offer a feasible package to IT firms that encourages them to set up their units in the tower and provide employment for local youth.
Similar IT towers have earlier been established in Warangal and Karimnagar. But they have made limited progress in generating jobs for educated youth, as only a few companies have begun operations there.
The high maintenance cost of office space in the Adilabad IT Tower would pose a challenge for local IT professionals seeking to establish start-ups. Thus, companies from other parts of the state and country could set up branches at the facility to expand their operations.
Telangana government has reportedly received three applications from IT firms seeking to establish IT services’ companies in the tower. Negotiations are also under way with a company currently operating its services from a private facility in Adilabad town to shift to the IT Tower.
While established IT companies may be reluctant to expand into a tier-II city, such as Adilabad, start-ups could make use of the available infrastructure, according to local IT professionals.
An IT professional from Adilabad said it would be difficult to expect major IT companies to open branches in the town when several firms are reducing their workforce amid the growing use of AI.
Some IT firms could use locally available manpower in and around Adilabad district paying lower salaries than those offered in metropolitan cities. Educated unemployed youth may prefer working in Adilabad, rather than moving to metropolitan centres, where the cost of living is high and salaries for less experienced professionals are relatively low.
The G+4 tower in Adilabad has a total area of 50,000 square feet, including 40,000 square feet for commercial offices and 10,000 square feet for a lounge, reception, cafeteria, and other facilities. Commercial space includes discussion rooms, a knowledge hub, and incubation centres.
IT minister D. Sridhar Babu is expected to inaugurate the Adilabad IT Tower in a few days.