Rs 700-cr IT Tower at Malakpet
This IT Tower will be coming up in 11-acre land with 15-lakh-sq-ft built-up space; to create over 50,000 jobs in Hyderabad
image for illustrative purpose
Telangana IT and Industries Minister K T Rama Rao laid the foundation stone for the IT Tower in Malakpet on Monday. At a cost of Rs 700 crore, the State government is constructing this State-of-the-art IT Tower, which will be creating about 50,000 IT jobs in Hyderabad city. This IT Tower will be coming up in 11 acres with built-up space in 15 lakh sq ft.
Speaking after laying the foundation stone, KTR said that the people will forget Malakpet TV tower and remember this multi-storeyed IT Tower which will become the new symbol of the suburb. Assuring completion of the works of this IT Tower within 36 months, he ensures IT giants to set up their offices here, giving a major boost to the ecosystem.
Malakpet IT Tower will be designed to promote innovation and collaboration, bringing together experts in the field to develop new technologies and applications. The minister said that the investor-friendly policies of the Telangana government gave a major boost to the IT sector in the State, which further attracted global IT companies to set up their offices here, accelerating the overall growth in the State.
KTR said that the BRS-led State government worked on improving the electricity, irrigation, agriculture, and rural development in the first and second terms and has transformed Telangana into a prosperous state in the country. He said that Hyderabad stood as a leader in IT job creation for two consecutive years, surpassing Bengaluru.
He stated that the government is making constant efforts to strengthen the infrastructure and the transport system keeping in mind the future needs of Hyderabad city which is fast growing in all directions. He added that the government was preparing a detailed plan to develop 415-km metro line which will cover all the areas in the city.
The minister further said that Hyderabad has become a shining example when it comes to peacekeeping and harmony. He said that there were no incidents of communal disturbances or lynching, unlike the other states ruled by opposition parties. He appreciated the Muslim community heads for postponing the Milad-un-Nabi processions which coincided with the Ganesh festival.
