Telangana state IT minister K.T. Rama Rao said that “investor confidence” has returned to the city and state as many small and medium-sized IT corporation, big company like Amazon, TCS, Google, Wipro and even helicopter manufacturing giant Sikrosky flocking to Hyderabad.
Recruitment in the IT sector has also picked up over the last three months.
The concept of “walk to work”, especially in the IT sector, which is a hit in many other countries, will also be developed in the city
Initiatives have been planned to de-congest it and boost the leisure and lifestyle aspects in order to make the city more attention-grabbing, a hanging bridge (suspension bridge) across the Durgam Cheruvu is one such idea to decongest the IT hub.
In the meantime, many key projects like the Telapur Technocity and Manchirevula Tower Project by the Anil Ambani Group are being revived. Besides, companies like Ikea Furniture, Coca Cola, Johnson & Johnson, ITC and Sikorsky are coming in.
“Investor confidence is back in the IT sector, which is seeing a large number of small and medium IT companies coming, apart from the big ones. A lot of hiring is happening, especially in the IT sector. Even before we have implemented our major initiatives like decongesting the city, including more leisure and lifestyle options, IThub, Sports city, Pharma city and others, we are seeing an investor surge. ,” said IT and panchayat raj minister K.T. Rama Rao.