Telangana government to set up IT park in Mancherial soon

The Telangana government decided to establish IT parks in major towns of Telangana in order to expand IT sector across the State.

By Author  |  Published: 19th Jun 2017  1:00 am
information technology

Mancherial: The State government’s recent move to set up information technology (IT) park in Mancherial town cheered people, in particular, engineering students.

This will change face of the district. Around 2,500 jobs will be created once the facility becomes a reality. Authorities have already prepared proposals to build it at an estimated cost of Rs 20 crore.

The IT sector is mostly confined to Hyderabad and Ranga Reddy district. However, the government brought a new IT policy to make Telangana a reliable destination of firms in 2015.

Consequently, tier-II cities such as Warangal and Karimnagar have witnessed arrival of IT firms in the recent times. But, many towns of Telangana failed to attract IT companies.

information technology

Therefore, the government decided to establish IT parks in major towns of Telangana in order to expand IT sector across the State, few days ago. As part of this initiative, Mancherial district headquarters was selected among the four important places for creating such facility in the first phase. Minister for IT, Municipal Administration and Urban Development KT Rama Rao inaugurated first its kind IT Hub in Khammam on June 15.

The IT park will consist of a modern building equipped with infrastructure needed to run a firm. Incentives will be offered to those companies who come forward to start their operations in this facility. Exemptions will be extended to them in usage of power and imposition of VAT (value added tax). Employees will also be given some incentives and will be trained by Telangana Academy of Skill and Knowledge (TASK).

With the advent of this facility, Mancherial will draw attention of global firms. The town and surroundings localities are likely to witness growth. For instance, real estate sector of the town will boom and hospitality sector will also grow, enabling the government to generate revenue. 

Importantly, the graduates of engineering and other professional courses, who migrate to Hyderabad, Bengalore, Chennai, and other cities in search of livelihood, can find employment opportunities at their native place. Similarly, some indirect jobs will be created for local people as well.