Software industry in Telangana
Software industry in the Indian state of Telangana
- 3 min read
- 5 chapters
Related on Lably
The IT exports from Hyderabad (Telangana) stood second in India at ₹2,68,233 crore (US$ 32.23 billion) in FY 2023-24, improving from the previous year. IT sector exports from Telangana account for 50 per cent of total exports from the state. Telangana contributed to 16.77 per cent of Indian IT sector employment as of FY 2023.
History
The first IT tower in Hyderabad was established by the name Intergraph in Begumpet in 1986. The initiation of this Software Industry in Hyderabad was done by N. Chandrababu Naidu in 1995. HITEC City, nicknamed Cyberabad, was set up with the collaboration of Larsen & Toubro. N. Chandrababu Naidu developed a slogan of "Bye Bye Bangalore" and "Hello Hyderabad" during his tenure and worked hard to bring International companies like Microsoft, CA Technologies, Deloitte and went on to create Vision 2020. Naidu persuaded Bill Gates to establish a Microsoft development center in Hyderabad, making it the only Microsoft development center outside the USA at that time. He also worked diligently to bring biotechnology companies to Hyderabad, developing Genome Valley, a high-end technology park commissioned in 1999 as S. P. Biotech Park. This was done through a public-private partnership with Bharat Biotech International and its founder, Krishna Ella, along with private infrastructure companies like Shapoorji Pallonji Group and ICICI Bank. During his tenure, N. Chandrababu Naidu also created master plans for an international airport and an outer ring road. D. E. Shaw & Co. was the first multinational company to open its office in Hyderabad in 1996.
Sign in to keep reading
4 more chapters are free with a Lably account.
Financial District
Financial District is an IT, real estate and architectural suburb, spread across Nanakramguda and Gachibowli, Hyderabad. WaveRock is a 2.5 million square feet (sqft) Information Technology-Special Economic Zone (IT-SEZ) in Nanakramguda spread over 12 acres (approx). WaveRock SEZ houses over 25 IT companies including marquee clients such as Apple, GAP, Accenture, Development Bank of Singapore, DuPont among others, and has close to 25,000 to 30,000 employees working out of the premises. In December 2019, WaveRock was bought by the Shapoorji Pallonji Real Estate Fund (SPREF II) for Rs 1,800 crore from Tishman Speyer.
HITEC City
The IT industry initiative of the TDP government, involved setting up Larsen & Toubro in collaboration with the policy maker APIIC. This led to the creation of a special economic zone called Hyderabad Information Technology Engineering Consultancy City, or simply HITEC City. It started the era of software and IT in Hyderabad.
Salarpuria Sattva Knowledge City
Salarpuria Sattva Knowledge City is a 7.5 million sq ft IT park spread across 30 acres and five megatowers. It is home to global behemoths like JP Morgan, Intel, Microsoft, Goldman Sachs, Novartis Healthcare, Synchrony Financial, AMD and KPMG. The Bengaluru-based builder, Salarpuria Sattva partnered with Blackstone recently to develop a 7 million sq ft IT park in Hyderabad.
IT industry in districts
In February 2016, Telangana Information Technology, Electronics and Communications Minister K. T. Rama Rao laid the foundation stone for IT incubation centre at Madikonda, Warangal. In January 2020, two major companies namely Tech Mahindra and Cyient have inaugurated their campuses employing about 2,000 people. Softpath, Quadrant started their operations in the Warangal IT Tower/Incubation Centre.
Outside of Warangal, the state has set up similar IT hubs in Tier-2 towns and cities like Khammam, Karimnagar, Adilabad, Ramagundam, Mahbubnagar, Nizamabad, Nalgonda, Siddipet, and Suryapet.