Summary:
Hyderabad, Telangana, India (NewsVoir) • State witnessed INR 1.5 Lakh Cr.
worth IT exports in 2020-21 - a 12.98% rise against the preceding year; 2.21X growth in IT/ITeS exports compared with the national average • More than 6.3 Lakh employees presently working in IT/ITeS sector in Telangana • Other than Hyderabad, various companies already exploring Warangal, Karimnagar & Nizamabad as alternate IT/ITeS hubs due to availability of cheaper land, sound infra & presence of many professional colleges; CYIENT & Tech Mahindra open offices in Warangal • Sustained physical infra development in past & multiple upcoming mega projects (expansion of railways network, greenfield & brownfield airports, industrial corridors, Regional Ring Road, & metro rail corridors) to unlock future potential of new growth corridors in Telangana • Large base of MSMEs provides ample opportunities for industrial development; 13,379 total registered MSMEs since 2014 in state • Medchal-Malkajgiri, Sangareddy, Rangareddy, Karimnagar districts account for majority MSME units, investment, & employment across state; these districts have high potential to be developed as affordable housing destination Telangana, India"s youngest state, has grown exponentially since its formation in 2014.
A vibrant IT/ITeS sector and robust infrastructure development are prime growth drivers in the state, reveals the CREDAI-ANAROCK report "Telangana: A State on the Move".
With a strong presence of large IT/ITeS companies, the state witnessed INR 1.5 Lakh Cr.
worth IT exports in FY 2020-21 - a 12.98% rise against the preceding year.
Telangana witnessed 2.21 times growth in IT/ITeS exports compared with the national average.