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Uppal is new IT hub
Posted by Srini Uppala | May 11, 2008 | 1,995 views
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Loading ...Uppal is all set to become the next information technology hub after Madhapur. Several infrastructure companies are keen to develop IT parks and special economic zones in Uppal where land is available at affordable rates. These moves will boost economic and real estate activity in area and its surroundings in the next two years.
Major firms such as DSL Infrastructure and Space Developers Private Limited, Bhagyanagar Infrastructure and Iconic Company have decided to develop IT parks in Uppal, which is 10 km away from Secunderabad. Meanwhile, Top Notch has proposed an exclusive SEZ for software companies in the area. Each firm is likely to invest around Rs 300 crore for the development of IT parks while the SEZ would need around Rs 1,000 crore.
“Uppal is considered a strategic location to provide connectivity to all parts of the city including Secunderabad and Shamshabad,” said Laxmi Prasad Agarwal, chairman of DSL Infrastructure.
Mr Prasad, who is also chairman of the IT wing of the Federation of Andhra Pradesh Chamber of Commerce and Industry, said new software companies would benefit since space would not be very expensive when compared to Gacchibowli and Madapur.
The government is also encouraging infrastructure majors to set up IT parks and SEZs in Uppal by providing facilities under Software Technology Parks of India scheme, which gives various benefits including a tax holiday.
Software Technology Parks of India-Hyderabad director, Mr E. Manoj Kumar, welcomed the development of IT clusters in Uppal and other areas. “Many more software companies are likely to begin its operations very shortly in Hyderabad and this will be helpful to them,” he said. As many as 1,200 software companies register every year in the state. Together, the IT companies of the state exported Rs 18, 852 crore worth of software in 2006-2007. The exports touched Rs 25,000 crore in 2007-2008 and are expected to cross Rs 30,000 crore in the current financial year as more companies are planning to set up their units in Hyderabad.
SOURCES:
Deccan Chronicle
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