Software industry in Telangana

The Indian state of Telangana has a significant amount of software export in India. While the majority of the industry is concentrated in Hyderabad, other cities are also becoming significant IT destinations in the state. In Hyderabad, the central region of the business happens in HITEC City, in the Madhapur suburb. Initiation and Development of HITEC City by the then-chief minister N. Chandrababu Naidu prompted several IT and ITES companies to set up operations in the city, and also rename the city as "Cyberabad" by Mr Naidu. Mr N. Chandrababu Naidu persuaded Microsoft CEO Bill Gates to set up its first development center out of Redmond, Seattle in Hyderabad. There have been extensive investments in digital infrastructure in Telangana. As of 2020, Hyderabad has 600,000 employees in the IT/ITES sector, working in more than 1500 companies.[1][2][3][4]

Raheja Mindspace at HITEC City, Hyderabad
Cyber Towers, HITEC City, Hyderabad.

The IT exports from Hyderabad (Telangana) stood second in the country at ₹128,807 crore (US$ 15 billion) in FY 2019-18 improving from previous year ₹109,219 crore ($14 billion, 17.93% CAGR) in FY 2018-19.[5][6]

History

The initiation of this Software Industry in Hyderabad was done by N. Chandrababu Naidu during 1995. HITEC City, nicknamed Cyberabad, was set up with the collaboration of Larsen & Toubro.[7] Mr Naidu developed a slogan of "Bye Bye Bangalore" and "Hello Hyderabad" during his tenure and worked hard to bring International companies like CA Technologies, Deloitte and went to create Vision 2020. Succeeding chief minister, Y. S. Rajasekhara Reddy continued the development.

HITEC City
Qualcomm building in Raheja Mindspace

The IT industry got a major push By N. Chandrababu Naidu setting up Larsen & Toubro with policy maker APIIC built a special economic zone called Hyderabad Information Technology Engineering Consultancy City or simply HITEC City. It started the era of Software & IT in Hyderabad.

IT Industry in Warangal

In February 2016, Telangana IT Minister K. T. Rama Rao laid the foundation stone for IT incubation centre at Madikonda, Warangal.[8] In January 2020, two major companies namely Tech Mahindra and Cyient have inaugurated their campuses employing about 2,000 people.[9]

See also

References
  1. "Lay-offs loom over IT/ ITES sector in Hyderabad, Telangana govt".
  2. "IT staff strength in Telangana to double to 10 lakh in 3-4 years".
  3. "Hyderabad overtakes Bengaluru in IT office space occupation".
  4. "Hyderabad IT companies told to gradually ramp up operations".
  5. "Telangana records 17.93 % growth in IT sector". The Times of India. 21 May 2020. Retrieved 21 May 2020.
  6. "Telangana IT exports race past Rs 1 lakh crore". The Times of India. Retrieved 25 March 2018.
  7. "Rediff On The Net, Infotech: Andhra may offer more tax sops to IT companies". www.rediff.com. 13 October 1997. Retrieved 8 August 2020.
  8. "KT Rama Rao inaugurates first IT company at Warangal". Deccan Chronicle. 20 February 2016. Retrieved 26 June 2020.
  9. "Watch: Warangal is now home to two major IT companies". Telangana Today. Retrieved 26 June 2020.
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