Two new IT parks on the lines of Hitec City in Hyderabad suburbs soon: Sridhar Babu

The Telangana IT Minister also announces plans for a dedicated land allocation policy

Hyderabad: IT Minister D Sridhar Babu said efforts were on to establish two new IT parks in the suburbs of Hyderabad. A detailed study was under way to determine the locations and the extent of land required for the new parks. The Minister also announced plans for a dedicated land allocation policy.

“Currently, there is no specific policy for allocating land to industries. The new policy will allocate land based on the scale of investment and the number of jobs created,” he added.

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“We are evaluating suitable areas on the city’s outskirts to ensure seamless connectivity and accessibility for employees and investors alike,” the Minister said. At a high-level meeting held at the Secretariat on Tuesday with representatives from ‘Dew’ Software Company, which has proposed an investment of Rs.100 crore, the Minister emphasised the State’s commitment to fostering IT growth.

“Hyderabad has emerged as a fast-growing IT hub and to sustain this momentum, we have decided to develop two additional IT parks, similar to Hitec City,” Sridhar Babu said.

The proposed IT parks will feature world-class infrastructure and essential amenities tailored for professionals. “We will provide all necessary facilities, including robust transport systems, ensuring employees can commute conveniently from any part of the city,” the Minister assured.