IT firms which develop offices in Uppal, Pocharam in the east, Kompally in the north and Shamshabad in the south will gain a lot of advantages, including a 30 percent loan off for small and medium-sized businesses. 

Glance at Proposed IT Hubs in Hyderabad 

The IT and Industries Minister KT Rama Rao announced that companies employing more than 500 workers with growth in dispersion (GRID) in regions would receive a custom incentive package under GRID policy.

Next week, they will be a breakthrough for the Kompally tower. More than 200 small and medium-sized enterprises have already taken a room. In Kollur in the north-west part of the city, the new cluster will be open. This is to spread IT across the city.

The Government has opened IT towers in Karimnagar and running to maximum capacity, and there is already a demand seen in phase II. Also towers in Khammam, Nizamabad, and Mahabubnagar to open soon. The IT tower in Warangal is running to full capacity, and Cyient has a modern facility there. Tech Mahindra is utilising Government incubation space and will soon expand to their facility. 

Although work from home is now in vogue, campuses and workplaces are expected to remain there for several years.

Flexible IT Sector

The Minister stated that the IT sector is one industry which offers hope and is doing very well, amid this pandemic while having to switch gears and adjust to changes. During the Covid period, the Hyderabad tech industry displayed its resilience. Covid did not result in a large layoff. Several companies and employees were addressed and assured during Covid periods by the Government's Layoff Redress Committee that their issues were answered.

To ensure a good part the government software is provided for the SMEs, and the state government has formed an SME consultative committee. "Many small and medium-sized companies were founded, and they are helping the Government with the business application software.

Pocharam Campus

The Government also interacts with developers to make the real estate industry the second-largest employer. The Minister asked HYSEA ( Hyderabad Software Enterprises Association) to collaborate with the state's T Hub Innovation platform.

Many companies have a corporate innovation programme with T Hub, but HYSEA can do a lot here. It can also partner with TASK and develop the needed skill required for the industry.

By: Shailaja K