Telangana CM asks for higher funds from Centre for ITIR project

Telangana state government on Saturday requested the visiting Union Minister of Communications and Information Technology Ravi Shankar Prasad for a substantial increase in financial support from the Centre for the first phase development of the proposed IT Investment Region(ITIR) in Hyderabad.

The Union Minister has met chief minister K Chandra Sekhara Rao at his office in the state secretariat this morning.

The state government had earlier sought a financial assistance of Rs 4,863 crore in the first phase and Rs 3,921 crore in the second phase- for the creation of external infrastructure in the ITIR region . However the Centre had approved a financial support to an extent of Rs 3,275 crore for the project while earmarking just about Rs 165 crore in the first phase.

"Chief minister K Chandra Sekhara Rao made a request to the Union Minister, that, the Central government support of Rs 165 crore to the ITIR of Hyderabad is inadequate and needs to be increased  for which the minister responded positively. He said a formal request to be sent to his ministry from the state government," chief minister's office said in a press release.

The chief minister informed Ravi Shankar Prasad that the IT companies which already have their operations in the city would like to expand further and need facilities for education and health in the ITIR region for this, it said.