IT minister KT Rama Rao here on Friday said the IT sector in the state is performing well by registering a growth rate of 16 per cent while the nation’s growth rate is only 13 per cent. He also said the government is initiating steps to extend IT and other industries to the Tier-II cities like Karimnagar, Nizamabad and Khammam with a view to providing employment to the locals.
The minister, along with deputy CM Kadiyam Srihari inaugurated the IT incubation tower of TSIIC at Madikonda and laid the foundation for CYIENT, an information technology firm, in Warangal city on Friday. BVR Mohan Reddy, founder and executive chairman of Cyient was present at the programme. Addressing the gathering, KTR said two IT companies have evinced interest in establishing their facility at Karimnagar and Nizamabad.
The IT minister also promised to release `5 crore as additional fund for construction of a 10,000 sft additional facility as a part of the incubation centre in Madikonda. Stating that the works of the incubation centre will be completed soon, he added that the state government will offer support to the incubation centre being established at NIT-Warangal.
KTR said the government will empower the graduates by introducing a skill development programme. Deputy CM Kadiyam Srihari said that Warangal would be developed as an IT, textile and educational hub.
Cyient to Start Operations in April
The Cyient Software Development Centre will commence operations in April this year at the incubation centre of TSIIC. Around 1,000 professionals will be recruited over the next 18-24 months. Cyient expects the initiative to contribute to the development of the region and bring technology to tier II cities.
Source: The New Indian Express