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| IT investment region to come up in Hyd | |
| BS Reporter / Chennai/ Hyderabad October 24, 2009, 0:00 IST | |
Andhra Pradesh is set to establish one of the first Information Technology Investment Regions (ITIR) in the country at Hyderabad, with the other being proposed in Karnataka, according to state principal secretary (IT) Samir Sharma.
Three locations — Gachibowli, Uppal and the Shamshabad airport region – have already been identified for the ITIR covering an area of 150 square kilometre. The ITIR will be a specifically notified zone that will include 40 per cent of processing area and the rest comprising social infrastructure, residential areas and administrative units, he told mediapersons here on Friday.
Sharma said the ITIR would be developed under a public-private-partnership (PPP) model. “Accounting firm PriceWaterhouseCoopers (PWC) is the consultant, which will be submitting its report to the state IT department shortly. The same will be submitted to the Centre by November 10, post which modalities like viability gap funding will be worked out,” he said.
Despite the export performance by some multinational companies not being ‘rosy’ in the last couple of quarters, the secretary said, the state was expecting to achieve its software and services export target of Rs 35,000 crore by the end of this financial year, an increase of Rs 3,000 crore over last fiscal. “As on September 2009, exports from the state stood at Rs 12,000 crore,” Sharma added.
Earlier, the state IT, communications, youth services and sports minister, Komatireddy Venkat Reddy, unveiled a special directory of software products from Andhra Pradesh compiled by the Hyderabad Software Exporters Association (Hysea).
The directory lists about 250 companies in Hyderabad including MNCs established Indian companies, IT services having product divisions and new startups which are engaged in building software products.
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