This information technology hub will have another IT corridor with the Telangana government deciding to develop a new cluster in Budvel area, it was announced on Wednesday.
Information Technology Minister KT Rama Rao on Wednesday visited the area located near Hyderabad International Airport and said the foundation stone would be laid soon for the IT cluster.
He said 30 companies including top national and international firms were in talks with the state government to set up their operations in the area. According to the minister, these units will create 1.25 lakh jobs. He expects the units to come up in next five years.
The minister, who is son of Chief Minister K. Chandrasekhar Rao, said the government had intensified efforts to create another IT cluster in the city.
Rama Rao, along with officials, inspected the lands which will be acquired for the IT cluster in Budvel. He directed them to provide all infrastructure facilities in the area.
The minister said that the government wants to expand IT sector to places outside the existing hubs.
Most of the IT companies including global giants are currently located in Hitec City and Gachibowli corridors. Some units have also come up in Uppal area.
Addressing techies while speaking at a Tech Mahindraâ€™s programme at Hitex in Hyderabad's Madhapur area last month, KTR said, â€śIT giants Google, Microsoft, Apple and others came to Hyderabad in the last 17 years. Due to good administration in the state, the information technology sector has been witnessing much growth. The city has more infrastructural facilities than in Bengaluru, Chennai and Gurgaon as far as IT is concerned.â€ť
In the same speech, in a move of bipartisanship, KTR praised Andhra Pradesh Chief Minister N Chandrababu Naidu and said that the TDP chief had played a key role in attracting investments to Hyderabad.
"I can't take undue credit for Microsoft being here (in Hyderabad). In fact, all credit goes to Chandrababu Naidu garu. He definitely has done his best. In fact, when Hyderabad was not as well-known as it is today in Information Technology space, he went out all the way to Bill Gates, convinced him and eventually the development centre (of Microsoft) happened about 17 years ago. So, all credit to him (Naidu) for that," KTR was quoted as saying.