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Hyderabad to Get Two New IT Parks: Minister Sridhar Babu

Hyderabad: IT minister Duddilla Sridhar Babu on Tuesday announced ambitious plans to establish two IT parks in the suburbs of Hyderabad, similar to Hitec City, while interacting with representatives from Dew Ventures, a software company, which has proposed an investment of Rs 100 crore.

Sridhar Babu said that a detailed study was underway to determine the optimal locations and the extent of land required for the new parks. “We are evaluating suitable areas on the city’s outskirts to ensure seamless connectivity and accessibility for employees and investors alike,” he added.

The proposed IT parks will feature world-class infrastructure and essential amenities tailored for professionals. The government will provide necessary facilities, including transport systems, ensuring employees can commute conveniently from any part of the city.

Acknowledging challenges faced by industries in acquiring land, Sridhar Babu announced plans for a dedicated special land allocation policy. Currently, there is no specific policy for allocating land to industries. The new policy will allocate land based on the scale of investment and the number of jobs created, he explained.

On Dew Software’s investment of Rs 100 crore in the city, Sridhar Babu said that the company would create job opportunities for 900 professionals over the next five years.

The meeting was attended by prominent officials, including Ajit Reddy, principal secretary to the Chief Minister; Dr Vishnuvardhan Reddy, managing director, and Madhusudhan, CEO of TGIIC; Suresh Deopura, president of Dew Ventures and others.

( Source : Deccan Chronicle )
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