Saturday, September 21, 2013

Centre clears Rs. 2.19 lakh crore IT investment region in AP

Andhra Pradesh became the first State to get Centre’s clearance for setting up the Information Technology Investment Region (ITIR) dedicated to establishment and growth of IT, ITES and Electronic Hardware manufacturing in an area of 50,000 acres with an investment potential of Rs.2.19 lakh crore. 

When the Centre announced its policy to set up ITIR regions in Andhra Pradesh, Karnataka and Odisha, the State was the first to send its proposal with allocation of 202 sq.km (50,000 acres) in Cyberabad Development Authority including the existing Information Technology hubs of Gachibowli and Madhapur; Hyderabad Airport Development Authority comprising Shamshabad, Mamidipalli, Raviryal, Adibhatla and Maheswaram; Uppal and Pocharam. The ITIR project for the State is the culmination of two-year efforts and coordination with 17 Central government departments and the Planning Commission. 

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