Government approves setting up IT investment region in Hyderabad

The Cabinet Committee on Economic Affairs (CCEA) has approved setting up of Information Technology Investment Region (ITIR) near Hyderabad subject to fulfilling certain conditions.

The ministry of road transport & highways, ministry of urban development and ministry of railways will be initiating detailed feasibility study/action.

The total investment for the IT investment will be about Rs 2.19 lakh crore of which the IT/ITES (Information Technology/Information Technology Enabled Services) sector is to attract investments worth Rs 1.18 lakh crore and Electronic Hardware Manufacturing (EHM) sector would attract investments worth Rs 1.01 lakh crore.

The major investment will be from Public-Private Partnerships. Government of India has also proposed upgradation of three radial roads and extension of the Metro Rail from Falaknuma to Shamshabad International airport at total cost of Rs 3,275 crore.

The IT investment region is expected to generate direct employment of 14.8 lakh and indirect employment of 55.9 lakh.

The government of Andhra Pradesh has delineated an area of 202 square kms for the proposed ITIR in three clusters/agglomerations. The clusters are: Cyberabad Development Area and its surroundings; Hyderabad Airport Development area and Maheshwaram in the south of Hyderabad; and Uppal and Pocharam areas in eastern Hyderabad.
The ITIR will be implemented in two phases. The Phase I will be from 2013 to 2018 and Phase II will be from 2018 to 2038. The ITIR is expected to develop into a key industrial region IT, ITES and EHM sectors. Special consideration will be given to accommodate SMEs in the proposed ITIR.

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