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Land identified for Budwel IT cluster

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Hyderabad: Accelerated efforts are being made for development of another IT cluster at Budwel in Hyderabad. Chief Minister K Chandrashekhar Rao is likely to lay foundation for the proposed IT Park which will be established in an estimated 350 acres and commence full-fledged operations within next five years.

IT clusters such as Madhapur and Gachibowli are getting saturated and several IT companies especially start-ups are finding its difficult to get office space due to increasing rents and other expenditure.

In a bid to provide them with alternate destination, the State government has proposed establishment of a new IT cluster at Budwel.

Close proximity to Rajiv Gandhi International Airport and Outer Ring Road as well as cheaper rentals, are going to be major advantages for IT companies establishing their offices in the proposed IT cluster which will also have a data analytics park.

To ensure that the project gets good traction and IT firms are encouraged to establish their units in Budwel IT Park, the State government has already commenced talks with around 30 IT companies including several multinational companies to establish their units.

IT and Industries Minister K T Rama Rao who inspected lands identified for establishment of the Budwel IT Cluster on Wednesday, said the State government was working towards establishment of IT companies spread across all corners of Hyderabad rather than restricting their growth to one part of the city. “We will reveal the names of national and multinational companies soon after reaching an agreement with them and sign memoranda of understanding in this regard,” he said.

The Information Technology, Electronics and Communication (IT,E&C) Department along with the Telangana State Industrial Infrastructure Corporaiton (TSIIC) will prepare a master plan for development of infrastructure like roads at the IT park. Alienation of land to TSIIC has already begun. Minister Rama Rao said the IT firms were expected to complete construction of their offices and commence operations within next five years.
“Upon completion, the Budwel IT Cluster will generate about 1.25 lakh IT jobs in the State,” the Minister said.

The State government has identified large parcels of lands under possession of various government agencies at Budwel and Rajendranagar. As these lands have remained unutilised, the government agencies have offered them for establishment of the IT cluster.

“We will complete the land utilisation rights to TSIIC shortly and commence development of the IT cluster. To expedite works, a meeting will be held by Chief Secretary SP Singh with officials of IT, Revenue, the Ranga Reddy District Collector and TSIIC soon,” Rama Rao said. Principal Secretary for IT Jayesh Ranjan and other officials accompanied the Minister.

 

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