More Funds for ITIR in Hyderabad

kcr-itirTelangana CM K. Chandrasekhar Rao urged the entre to provide more than the Rs.165 crore sanctioned for creating an Information Technology Investment Region (ITIR) in Hyderabad on Saturday.

Ravi Shankar Prasad the Minister of Communications and Information Technology requested to meet KCR. The central government’s support of Rs.165 crores for the first phase of ITIR is inadequate and needs to be increased said by KCR.

The union minister advised the state govt to send a formal request to his ministry, said an official release from the chief minister’s office. The government has identified area of 202 sq.kms (49,913 acres) in and around Hyderabad for ITIR.

ITIR is to be set up to promote investment in Information Technology (IT)/IT Enabled Services (ITES) and electronic hardware sector. The ITIR is expected to annex total investment of about Rs. 2,19,440 crores of which the IT/ITES sector will account for Rs. 1,18,355 crores and the Electronic Hardware Manufacturing (EHM) sector Rs. 1,01,085 crores.

The Centre has approved Rs. 3,275 crores (Rs. 165 crores for phase-I and Rs. 3,110 crores phase-II). The Centre has approved Rs. 3,275 crores (Rs. 165 crores for phase-I and Rs. 3,110 crores phase-II).

“The companies located in Hyderabad need to be extended and need facilities for education and health in ITIR “KCR told the minister.

Hyderabad is a place of arête in many aspects and also groove on the state government for its new industrial policy. IT minister K.T. Rama Rao, Chief Secretary Rajiv Sharma and others were also present.

Medaram Jathara

Connect with us



© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.