HYDERABAD: The Telangana cabinet approved the proposal to ensure that IT industry comes up in all the four directions of Hyderabad. The Cabinet wanted incentives given to IT companies who set up their units in all directions other than in the West.
For this purpose, a Hyderabad Grid Policy for growth dispersion has been approved. As the growth in IT exports from Telangana was 18 per cent over last year at Rs 1,18,000 crore, it has been decided to give further fillip to the sector.
As 90 per cent of growth that had been logged in has taken place in Madhapur, Gachibowli and Kondapur and the surrounding areas, it has been decided to develop the IT sector in the East (Uppal, Pocharam), North (Kompally) and South (RGIA, Shamshabad and Adibhatla and North-West (Kollur/Osmansagar) and areas outside of West which would form the Hyderabad Grid.
The guidelines for Hyderabad Grid will be in force for five years from the date of issue of the policy and concessions would be available during the specified phase. The total concessions would be Rs 66.75 crore.
In the next five years, about 100 acres of land would be developed into IT areas. In Uppal and Pocharam, Ghatkesar and Kompally, 10 million square fit of office space would be created and one lakh new IT and ITES jobs would be created.