This information technology hub will have another IT corridor with the Telangana government deciding to develop a new cluster in Budvel area, it was announced on Wednesday.
Information Technology Minister K. T. Rama Rao on Wednesday visited the area located near Hyderabad International Airport and said the foundation stone would be laid soon for the IT cluster.
He said 30 companies including top national and international firms were in talks with the state government to set up their operations in the area. According to the minister, these units will create 1.25 lakh jobs. He expects the units to come up in next five years.
The minister, who is son of Chief Minister K. Chandrasekhar Rao, said the government had intensified efforts to create another IT cluster in the city.
Rama Rao, along with officials, inspected the lands which will be acquired for the IT cluster in Budvel. He directed them to provide all infrastructure facilities in the area.
The minister said that the government wants to expand IT sector to places outside the existing hubs.
Most of the IT companies including global giants are currently located in Hitec City and Gachibowli corridors. Some units have also come up in Uppal area.
--IANS
ms/vd
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)