Developments in Hyderabad

THE INFORMATION TECHNOLOGY INVESTMENT REGION (ITIR), Hyderabad.

The ITIR, Hyderabad is an upcoming IT investment region jointly being developed by Govt of India and Govt of Andhra Pradesh.  The Union Government has given in principle approval on Sept 8th, 2012 for the ITIT for Development of self-contained integrated knowledge cluster for growth of IT and electronic harware manufacturing in 50,000 acres in and around Hyderabad.  The Project which is modeled along the lines of Shenzhen SEZ in China, is aimed at attracting an investment of Rs.2.19 trillion ($44 billion) in the IT, ITES and electronics sectors and proving direct employment to 1.5 million people.

Under the mega project, special economic zones (SEZs), industrial parks, free trade zones, warehousing zones and export- oriented units would come up in three corridors around the city which includes the area Madhapur, Gachibowli, Uppal, Mamidipalli, Raviryal, Adibatla and Maheswaram, and Pocharam,  The government proposed to develop the infrastructure for ITIR at an estimated cost of over Rs.2.19 lakh crore.

On September 20, 2013 the Central Government gave the official approval for the ITIR project.