Centre nod for AP's ITIR in 3 mths
Union Minister Dr Killi Kruparani says the State will get four electronics clusters of 200 planned nationally...
Union Minister Dr Killi Kruparani says the State will get four electronics clusters of 200 planned nationally Hyderabad: Dr Killi Kruparani, Union Minister of State for Communications and IT, on Friday made it clear that the 202-sq-km Information Technology Investment Region (ITIR) planned around the city would get central government approval within next three months. "The final nod for the mega IT project is taking more time because many ministries and departments have to grant approvals. The process will be over soon and final approval will be given in about three months time," the Union Minister said here after inaugurating one-day national seminar on 'Trends and demands in IT &ITeS'organised by industry body Fapcci. Mooted three years ago, the Rs 2,200-crore ITIR project spread over 50,000 acres in Hyderabad and neigbhouring Ranga Reddy district will comprise special economic zones (SEZs), industrial parks, free trade zones, warehousing zones, export-oriented inits, growth centres and existing industries clusters. It will be developed in two phases. The Union Minister explained that the project would not only generate 15 lakh direct employment opportunities, but also give fillip to IT exports from the State. "It will also attract large scale investments into IT space to the tune of Rs 2.2 lakh crore over the next 12 years. We have to set up more and more such projects for employment generation," the Minister said. Dr Kruparani said the central government had planned 200 electronics manufacturing clusters (EMCs) in the country over next eight years and out of them, AP would get four clusters. "Two clusters will come up in Ranga Reddy district while one each in Visakhapatnam and Srikakulam districts," she said. The central government will give 50 per cent subsidy for setting up these clusters, she announced, saying her ministry would extend all support and incentives if private entrepreneurs came forward to set up the clusters in AP. Pointing out that IT sector accounted for five per cent of the country's GDP and had been prime driver of the economic growth, she said the government would set up 10 new software technology parks across the country. "We already have 51 such parks and the new ones were proposed to encourage IT exports," she added. According to her, IT sector currently employs close to 22 lakh directly and 80 lakh indirectly. It is projected that the sector will provide 1.2 crore direct jobs and five crore indirect jobs by 2020. IT exports will also zoom to Rs 20 lakh crore by that time from current Rs 2.5 lakh crore. Ponnala Lakshmaiah, AP IT Minister, said that the State was focusing on new technology segments like animation and gaming to log in faster growth in IT sector. "As these new segments offer promising growth opportunities, we are initiating active steps to establish animation and gaming facility on a 30-acre zone," he said. According to him, global animation industry is of $100 billion in size, while gaming segment is pegged at $40 billion. "But our country's exports in these niche areas are not even one per cent, though we have plenty of talent which has provided services to several Hollywood movies," he said. The IT seminar focused on e-governance, mobile industry, job opportunities in IT and ITeS sector, private equity funds and a host of other new trends in software technology and services space.
24 Jun 2019 9:05 PM GMT