Hyderabad to Expand IT Infrastructure with Two New Parks, Says Minister D. Sridhar Babu

Hyderabad is set to strengthen its position as a major IT hub with the development of two new IT parks, as announced by IT and Industries Minister D Sridhar Babu. This decision follows a meeting with Dew Software, a US-based company, which has committed an investment of Rs 100 crore. The investment is expected to create 900 job opportunities for IT professionals in Hyderabad over the next five years, further fueling the city’s growth in the technology sector.

The proposed IT parks are planned to be located in the suburban areas of the city, designed to replicate the model of the existing Hitech City. Hyderabad has become a growing IT hub, attracting significant investments from leading global companies. The creation of these additional IT parks is intended to support the city’s ongoing growth and accommodate the increasing demand for IT office space. The move aims to foster more investment in the region, providing businesses with ample space to operate and grow while creating job opportunities for local professionals.

Minister Sridhar Babu highlighted that the development of these parks would help maintain the city’s growth trajectory as an emerging IT center. Hyderabad has already attracted several large companies, and the new IT parks are intended to ensure the city remains competitive in the ever-expanding global IT industry. By providing more space for technology companies, the city can continue to grow and diversify its economic landscape.

One of the challenges businesses face in Hyderabad is acquiring land for new projects. To address this, the state government has proposed a dedicated land allocation policy. Currently, the absence of a specific policy has created hurdles for entrepreneurs and industries looking to establish themselves. The new policy will allocate land based on the scale of investment and the number of jobs created, streamlining the process and making it more efficient for businesses to set up in the city.

A thorough study is underway to identify suitable locations for the new IT parks. The focus is on areas on the outskirts of the city that offer good connectivity to the central areas of Hyderabad. The idea is to ensure these parks are easily accessible to employees and investors, encouraging a smooth commute for professionals working in the parks. This will also help the parks attract talent from different parts of the city and beyond.

The IT parks will be equipped with modern infrastructure and essential amenities, offering a conducive environment for technology companies. The facilities will be designed to meet the needs of businesses, with an emphasis on transport systems that will allow employees to commute easily. Ensuring convenience for workers is a priority, and the new IT parks will aim to provide an efficient and comfortable workspace for professionals.

Hyderabad’s IT sector has seen significant growth in recent years, and the development of these new IT parks will further enhance the city’s position in the industry. The addition of 900 new jobs and the influx of investment will have a positive impact on the local economy, benefiting various sectors such as construction, transport, and services. The new land allocation policy will also support local businesses by making it easier for them to secure land for development.