Increasing efforts by the government of Telangana to decongest Hyderabad, on Wednesday IT and Industries Secretary KT Rama Rao asked investors to look east and north of the city as well.
New IT Park in Kompally
While KTR welcomed the achievements of the west corridor, the city's IT hub, the development seemed to have been dispersed so that the part of Hyderabad would not be burdened.
However, the government has approved for five IT Parks in the Uppal-Nagole-LB Nagar area (east) and soon the foundation for an IT Park in Kompally would be set up, which is in the northern part of Hyderabad. It is expected to allow the city to grow in dispersion.
The GRID (Growth in Dispersion) Policy of state-owned investors started earlier this year to familiarise with it and to work closely with the government to make the most of the benefits.
The policy lets companies shop from the belt between Madhapur and Gachibowli. In accordance with the Minister's thoughts, city developers agreed on the great potential of the two alternative corridors. The provision of essential facilities such as water supply is abundant in the East, as related to the western corridor.
The area has abundant availability of space and the infrastructure is good and is also home to large pools of local talents which are now moving to the west for jobs. Around 20 percent of Hyderabad's IT sector workers live in the far East or north of the city, as per forecasts.
Government policies drive the growth of every sector. This is how the west corridor thrived. Now they are bound to do well with policies that seek to provide an impetus to other corridors. It will take time, but it will not be impossible.
By: Shailaja K