Good times have come for the IT sector in Hyderabad with the declaration of Telangana state. Union Cabinet Committee on Economic Affairs (CCEA) approved Rs 2.19 lakh crore Information Technology Investment Region (ITIR) on Hyderabad outskirts. ITIR is a combination of production unit, public utilities, logistics, environment protection mechanism, residential areas and administrative services.
In the past four years, Several multi-national companies have decided to shift their focus to other metropolitan cities in the country due to the frequent agitations and bandh calls. So, the investment have slowed down and few firms have even shifted their base to Bangalore, Chennai and in fact Vizag too.
However, things began changing after July 30th announcement from the Centre. With the approval for ITIR from government, several leading companies might increase their operations in the city.
In the past four years, Several multi-national companies have decided to shift their focus to other metropolitan cities in the country due to the frequent agitations and bandh calls. So, the investment have slowed down and few firms have even shifted their base to Bangalore, Chennai and in fact Vizag too.
However, things began changing after July 30th announcement from the Centre. With the approval for ITIR from government, several leading companies might increase their operations in the city.