Hyderabad beats Bengaluru in office space absorption in first quarter, says KTR

“Yesterday, I had said that Hyderabad would overtake Bangalore in office space absorption this year. According to the latest updates, Hyderabad has already beaten Bangalore in the first quarter,” Rama Rao said.

By Author  |  Published: 21st Sep 2019  5:25 pmUpdated: 21st Sep 2019  6:15 pm
Hyderabad
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Hyderabad: Information Technology Minister KT Rama Rao said Hyderabad had beaten Bengaluru in office space absorption in this first quarter.

Impressed with the stable and good governance of Telangana government, five top international IT companies like Google, Amazon, Facebook, Microsoft and Apple have set up their units in Hyderabad, he said in the State Assembly here on Saturday.

“Yesterday, I had said that Hyderabad would overtake Bengaluru in office space absorption this year. According to the latest updates, Hyderabad has already beaten Bengaluru in the first quarter,” Rama Rao said.

Tearing into the Congress claims of establishing ITIR project in the city during the UPA reign, the Minister said during question hour that the UPA government had confined only to making an announcement of the project.

“The project was announced in November 2013 with investment support of Rs.3,275 crore but not a single paisa was released,” he pointed out, adding that the State government had aggressively pursued the issue with the Central Government.

Finally, the NDA government shelved the ITIR policy which was announced in June 2018. However, without waiting for Delhi’s support, the State government continued with its efforts to create new IT clusters and attract new investments in the sector.

The past Congress government had only made estimations of creating 1.54 million jobs upon total completion of ITIR project in 20 years but there was no concrete work on the ground. Not a single brick was laid, he said.

On the other hand, the TRS government during the last five years has created many jobs. Over 12.60 lakh jobs were created under TS-iPASS alone, the Minister said, ridiculing the Congress Legislative Party leader Bhatti Vikramarka’s claims in the House.


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