Telangana: Rs 25 cr IT tower for Nizamabad

TSIIC will construct the IT tower and develop basic infrastructure to provide plug-and-play facility for IT firms within a year.

By Author  |  Published: 17th Sep 2017  11:03 pmUpdated: 17th Sep 2017  11:13 pm

Hyderabad: The Telangana government has turned aggressive in promoting establishment of IT industries in Tier-II cities. After announcing IT towers for Warangal, Karimnagar and Khammam, the government has now sanctioned Rs 25 crore to establish an IT tower in Nizamabad.

Around 60 NRIs evinced interest to set up IT firms in Nizamabad and submitted their Letters of Intent (LoI) to the government. The LoI were submitted to IT and Industries Minister KT Rama Rao by Nizamabad MP K Kavitha, MLA Ganesh Gupta and other elected representatives here on Sunday.

The Telangana State Industrial Infrastructure Corporation (TSIIC) will construct the IT tower and develop basic infrastructure to provide plug-and-play facility for IT firms within a year. The IT tower will comprise space for IT firms as well as an incubation centre.

Speaking on the occasion, Minister Rama Rao said the State government was keen on developing the IT sector in Tier-II cities of the State and Nizamabad had all the qualities for the purpose, including rail and road connectivity from Hyderabad city besides human resources.

“We have several engineering colleges in the area besides IIIT at Basara, which would be a major asset for IT companies in terms of human resources,” he said.

Red carpet for IT investments

KTR  said that the government would encourage the establishment of small and medium scale IT firms by providing them special incentives such as land, infrastructure, power and others.

The Minister appreciated the efforts of Nizamabad MP K Kavitha and MLA Ganesh Gupta in convincing NRIs to establish their firms in the town besides pursuing the IT Tower development in a planned manner.

Kavitha, speaking after handing over the 60 Letters of Intent given by US NRIs, said the establishment of IT Tower would ensure employment to around 2,000 people in Nizamabad town. She was confident that more NRIs will evince interest in establishing their units after witnessing the IT growth in Tier-II cities in Telangana.

MLA Ganesh Gupta said that they toured Atlanta, New Jersey, Dallas, Washington DC and Chicago in the US to create awareness among NRIs about business opportunities in the State. He said among the 60 NRIs, there were some who belonged to other States as well.