Telagana, the youngest State in India continues to make big strides in the IT software exports sector as the exports have doubled over the last four years to cross 1 trillion rupees.
State’s IT Minister K Taraka Rama Rao, after laying the foundation stone for IT Hub in Nizamabad said that the IT exports which stood at Rs 56000 crore at the time of the formation of Telangana in 2014 has now crossed Rs 1 lakh crore. “Our target is Rs 120,000 crore which we will achieve soon”, he said.
Addressing a public meeting KTR said that the State Government was going all out to expand the IT industry from Hyderabad to all the other Tier II cities in the State including Warangal, Karimnagar and Nizamabad. “Chief Minister KCR is committed to take the IT sector even to the rural areas”, he said. “The Government will encourage the IT sectors in all the districts to provide employment opportunities to the local youth”, he said.
The IT Hub in Nizamabad will also have an incubation centre. This is the second such center of T Hub after Hyderabad. The hub will have a tower spread over an area of 50,000 square feet. While offices will come up on 40,000 square feet, the incubation center will come up on 10000 square feet. The state government has allocated Rs 50 crore for the project.