IT Hub soon in South of Hyderabad too

The State government, in its endeavour to spread information technology hubs beyond the West Zone of the city, will set up an IT Tower at Malakpet to boost IT services in the Old City and generate employment opportunities for the youth.

The IT Tower will be developed at a cost of Rs.1,032 crore and will be spread over 10.35 acres in Malakpet. The assessment of actual costs, however, will have to be made by the bidders.

The Telangana State Industrial Infrastructure Corporation Limited (TSIIC) has been entrusted with the task of executing the project on a joint development basis.

TSIIC has already invited applications from bidders for executing the project. Once the project is completed, the State government aims to develop the tower into an IT Hub in the southern parts of Hyderabad, including the Old City.