KTR bats for ITIR-like project

Hyderabad: HYDERABAD saw a healthy 8.7 million square feet of new office space creation during the year, despite the severe impact of Covid-19 on the economy. In terms of the share of sectoral occupiers, the information technology (IT/ITeS) sector including data centres dominated with a major share, followed by Banking, Financial Services and Insurance (BFSI) and manufacturing sectors, while other services and co-working sectors also contributed. We could attract several marquee companies such as Amazon Web Services, Goldman Sachs, and Fiat Chrysler Automobiles (FCA) to Telangana during the past one year.

In a letter to the Union IT Minister Ravi Shankar Prasad, Telangana Minister for IT and Municipal Administration KT Rama Rao said "The Telangana government has been aggressively promoting emerging technologies like AI, Data Analytics, IOT, cyber security, Digital entertainment technologies (Animation, Gaming, VFX), Blockchain and Drones."

"The proactive role of the State government in encouraging product development, R & D, and skill development in these areas of emerging technologies has also encouraged many global and domestic IT companies to bring their technology development centres to Hyderabad," Rama Rao stated.

Telangana Chief Minister K Chandrashekar Rao had appealed to Prime Minister Narendra Modi on multiple occasions, both personally and through official channels to provide assistance to ITIR project.

"Since it is now amply clear that the Centre is not inclined to continue the ITIR scheme, I hereby request you to consider providing a scheme/initiative in its place to ensure that cities like Hyderabad continue to flourish and provide employment to our youngsters," the State IT Minister stated.