TS Government Plans to Boost IT Sector Growth in East Hyderabad
To enable growth and a stronger presence of the Information Technology industry, the Telangana Government is planning a GRID (Growth in Dispersion) policy towards the eastern part of Hyderabad.
Govt GRID Policy for IT Sector Growth in Hyderabad
In order to attract IT companies to operate in East Hyderabad towards Uppal and beyond, the Telangana Government's multi-pronged strategy is being established. The strategy involves the transformation of existing industrial parks into IT parks, the establishment of the Cyberabad Security Council, the extension of MMTS to Raigiri and the development of residential and infrastructural facilities.
As many as five IT parks will come up at Uppal in approximately 25 lakh sq.ft, and it will effectively generate jobs for about 35,000 people. The approval was given by the Government to turn industrial parks into IT parks.
Conversation of 5 Industrial Parks to IT Hubs
Currently, in the eastern zone, five industrial parks are gearing up for the conversion into IT parks include
Hyderabad Distilleries and Wineries -12.4 acres
Minacto Chem - 2.66 acres
Swamy Soaps and Oils - 2 acres
Gokuldas Exports Limited Mini Textile Park - 8.93 acres
Bakelite Hylam - 8 acres
The Government aims to initiate a strategy to encourage new investment in the eastern side of Hyderabad with Growth in Dispersion (GRID) policy. These kinds of policies are being developed with a focus to create, improve employment and housing opportunities with sufficient infrastructure.
There are already big names in the eastern part of the city, such as Genpact and Infosys and many large and medium-sized companies. This portion of Hyderabad will be further funded by more enterprises with the GRID initiative. Adding to this the Metro Rail connectivity is a key enabler of economic activity.
By creating the necessary infrastructure, the city would be developed into a global city. There are two electronic manufacturing clusters and the International airport in Hyderabad southern part. The western part of the city has Hitec City, Financial District, and surrounding areas have many IT parks. The north part of the city, towards Shamirpet, has Genome Valley. Now, a strategic approach towards the eastern side of the city is expected to bring new investments.
Telangana Chief Minister KCR directed different departments in Hyderabad to undertake infra work to ensure complete growth. The IT sector is rising above the national average, and in the next few days will continue to boost growth.
The Government's new GRID policy is expected to develop infrastructure, create thousands of job opportunities and attract more residential investments which help to boost the real estate sector in Hyderabad.
By: Shailaja K