Telangana State To Offer More Sops To IT Firms
In today’s technological world, IT is playing a key role to step ahead. The new IT policy announced by the Telangana Government will provide additional benefits to firms setting up facilities in tier-II and III cities.
Recently, the new IT policy in Telangana was announced by IT Secretary, Jayesh Ranjan that Government will provide incentives to IT firms in tier II locations. Speaking at a press conference to announce the Silver Jubilee Celebrations of Hyderabad Software Enterprises Association (HYSEA) here on Friday, he said four towns, Karimnagar, Khammam, Nizamabad and Warangal, have been identified to be promoted.
“The Government will make first round of investments for infrastructure. Companies can come forward to set up their own campuses. We will be offering incentives and some additional benefits,’’ the official said.
Jayesh Ranjan expressed his confidence about the IT industry going beyond Hyderabad, a move that would be in line with the government’s objective of broadbased growth. Unlike in the past, when manpower availability came in the way of IT firms from going to other locations, the situation now is different.
Referring to new IT companies’ interest in Hyderabad, he said discussions were on with about 15 to 20 domestic and multinational majors and the companies will make announcements themselves on setting up new campuses in Hyderabad.
Hysea President Ramesh Loganathan said as the first regional IT forum in the country set up in 1991 by 15 entrepreneurs, it contributed significantly during the last 25 years. “Today, our members contribute Rs. 70,000 crore to the State Gross Domestic Product and provide direct employment to four lakh professionals besides indirect employment to one million,’’ he said.
As part of the Silver Jubilee celebrations, Hysea has lined up a series of programmes and will also work along with the government to push IT industry beyond Hyderabad, he added.
The draft policy is ready and will be announced after elections to Greater Hyderabad Municipal Corporation