To promote investment in Information Technology (IT), Information
Technology enabled services (ITES) and electronic hardware manufacturing
(EHM) units, the Government of India has envisaged a transparent and an
investment friendly policy for setting up Information Technology
Investment Regions (ITIRs) – a Gazette notification dated 28.05.2008
published a policy resolution for setting up of ITIRs.
There has
been an increasing recognition of the importance of policy initiatives,
enabling legislation and conducive regulatory environment in
facilitating growth of economic activity. The Information Technology
Investment Regions (ITIRs) is such an initiative being encouraged by the
Government of India – different states are at various stages of
planning these investment regions.
Based on the policy guidelines
of the central government, the government of Andhra Pradesh (GoAP) had
notified Information Technology and Communications (IT&C) department
as the nodal department for ITIR development in Andhra Pradesh.
IT&C department had prepared and submitted a detailed Project
Proposal for approval to the central government in January 2010. The
Andhra Pradesh ITIR proposal was then presented to a High Powered
Committee (HPC) at the GoI level, in August 2012, for final approval.
The HPC has recommended AP ITIR for In-Principle approval and suggested
that a Detailed Project Report (DPR) shall be submitted for Final
Approval from Cabinet Committee for Economic Affairs (CCEA).
Two
years after the Andhra Pradesh State government sent its proposal for
ITIR and clarified to the observations made by ministries concerned such
as Information Technology, Commerce, Industries, Railways, Finance and
Environment etc., the High-Powered Committee (HPC) headed by Union
Cabinet Secretary recommended in-principle approval to the APITIR
project in August 2012. In September 2013, the Cabinet Committee on
Economic Affairs(CCEA), chaired by Prime Minister Manmohan Singh,
approved ITIR near Hyderabad subject to certain conditions.
Mokila, a suburb of Hyderabad, is a quiet expanse of green about 16KM offering a picturesque countryside environment. It is located along the Shankarpally Rd and is fast becoming the luxurious residential destination. This blog is created to share information on Mokila and stay connected!
04 May 2014
30 April 2014
New York-based IT firm Synechron to invest in Hyderabad
New York-based IT firm Synechron today said it will set up two new centres in Bangalore and Hyderabad and invest about $30-35 million (over Rs 210 crore) in the next three years in India.
The two new centres in southern India will focus on delivering domain intensive and differentiated technology capabilities to clients in the banking and financial services, Synechron said in a statement.
"Synechron plans to aggressively drive business by investing $30-35 million on India expansion over the next three years," it added.
The company, which already has a centre in Pune, plans to ramp up expansion to 225 employees in Bangalore and to 150 in Hyderabad in the current fiscal.
The two new centres in southern India will focus on delivering domain intensive and differentiated technology capabilities to clients in the banking and financial services, Synechron said in a statement.
"Synechron plans to aggressively drive business by investing $30-35 million on India expansion over the next three years," it added.
The company, which already has a centre in Pune, plans to ramp up expansion to 225 employees in Bangalore and to 150 in Hyderabad in the current fiscal.
Hyderabad emerges top job hub in March
Hyderabad is fast emerging as the top job hub, with the city reporting 30 per cent rise in demand for talent during March said the a TimesJobs.Com RecruiteX report. Among the metros, Chennai registered a 20 per cent increase in demand, while Delhi-NCR witnessed 6 per cent rise.
After remaining largely flat during the first two months of the year, hiring activity went up by 3 per cent during March. "The Indian job market which was largely inactive during January-February 2014 is getting back on track as RecruiteX demand index climbed up to 93 points in March from 90 points recorded in February," says the report.
With political uncertainty coming to a conclusion, hiring went up by 3 per cent during the month of March, indicating India Inc is optimistic about the future, it added. Project, infrastructure sector emerged as the top employment generator in March with 12 per cent rise in demand while petrochemicals industry reported 9 per cent growth.
After remaining largely flat during the first two months of the year, hiring activity went up by 3 per cent during March. "The Indian job market which was largely inactive during January-February 2014 is getting back on track as RecruiteX demand index climbed up to 93 points in March from 90 points recorded in February," says the report.
With political uncertainty coming to a conclusion, hiring went up by 3 per cent during the month of March, indicating India Inc is optimistic about the future, it added. Project, infrastructure sector emerged as the top employment generator in March with 12 per cent rise in demand while petrochemicals industry reported 9 per cent growth.
29 April 2014
RTC introduces 40 buses to serve IT corridor
The services were launched by RTC vice-chairman and managing director AK Khan and Cyberabad police commissioner CV Anand at Wave Rock and Q-City in Gachibowli on Tuesday.
The initiative was taken up by the Cyberabad police in coordination with APSRTC, APIIC and others to ensure security and convenience of IT employees, especially women. DCP (traffic) Avinash Mohanty said that in the wake of recent rapes and other crimes, there were a series of deliberations on making IT corridors safe for people working there and one of the suggestions was to provide public transport. APIIC has provided three bus parking areas for RTC at Wave Rock, Q City and Inorbit Mall.
Hyderabad to have its own gateway à la Mumbai
Inspired by the historical monument that in many ways defines India’s financial capital Mumbai, the GHMC has decided to take up a ‘Gateway of Hyderabad’ project.
The civic body has set aside Rs.8.4 crore for the project, which aims to leave a lasting impression on tourists.
The project was announced by Mayor Mohd. Majid Hussain during the GHMC’s budget presentation on Monday.
“We are identifying 14 different locations on the outskirts, which are effectively the entry points,” he said. About 1,000 new public conveniences are to come up at an expenditure of Rs.25 crore in various parts.
The council also passed the budget for financial year 2014-15 with a total outlay of Rs.4,599 crore, with Rs.1.5 crore earmarked for corporators’ budget.
The civic body has set aside Rs.8.4 crore for the project, which aims to leave a lasting impression on tourists.
The project was announced by Mayor Mohd. Majid Hussain during the GHMC’s budget presentation on Monday.
“We are identifying 14 different locations on the outskirts, which are effectively the entry points,” he said. About 1,000 new public conveniences are to come up at an expenditure of Rs.25 crore in various parts.
The council also passed the budget for financial year 2014-15 with a total outlay of Rs.4,599 crore, with Rs.1.5 crore earmarked for corporators’ budget.
Exclusive industrial park for women entrepreneurs soon
Andhra Pradesh Industrial Infrastructure Corporation (APIIC) will develop an exclusive industrial park for women entrepreneurs, according to its Managing Director Jayesh Ranjan.
Speaking at a function to mark the change of guard at the FICCI Ladies Organisation (FLO) here, he said a 50-acre plot at Sultanpur, Patancheru was set aside for the purpose.
The APIIC and FLO would team up in promoting entrepreneurship among women in this proposed park. “FLO has agreed to provide software support for women in this park,’’ the official said.
On the business opportunities for women, he said there was a long way to go. “Out of 29,400 industrial plots, developed by APIIC till date, only 1,380 were given to women. This is fair reflection of what is happening outside as well,’’ Ranjan said.
Speaking at a function to mark the change of guard at the FICCI Ladies Organisation (FLO) here, he said a 50-acre plot at Sultanpur, Patancheru was set aside for the purpose.
The APIIC and FLO would team up in promoting entrepreneurship among women in this proposed park. “FLO has agreed to provide software support for women in this park,’’ the official said.
On the business opportunities for women, he said there was a long way to go. “Out of 29,400 industrial plots, developed by APIIC till date, only 1,380 were given to women. This is fair reflection of what is happening outside as well,’’ Ranjan said.
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