Andhra Pradesh became the first State to get Centre’s clearance for
setting up the Information Technology Investment Region (ITIR) dedicated
to establishment and growth of IT, ITES and Electronic Hardware
manufacturing in an area of 50,000 acres with an investment potential of
Rs.2.19 lakh crore
When the Centre announced its policy to set up ITIR regions in Andhra
Pradesh, Karnataka and Odisha, the AP State was the first to send its
proposal with allocation of 202 sq.km (50,000 acres) in Cyberabad
Development Authority including the existing Information Technology hubs
of Gachibowli and Madhapur; Hyderabad Airport Development Authority
comprising Shamshabad, Mamidipalli, Raviryal, Adibhatla and Maheswaram;
Uppal and Pocharam
The ITIR project for the State is the culmination of
two-year efforts and coordination with 17 Central Govt Departments and the Planning Commission.
The project to be developed in 2 phases, over a period of 25 years can
earn direct revenue of Rs.3.11 lakh crore, including IT exports of
Rs.2.35 lakh crore
PROJECT PROJECTIONS
- IT Investment Region's Spread: 50,000 acres
- Estimated Investments Over 25 Years: 15,000 Cr
- Expected Revenues Over 25 Years: 2,35,000 Cr
- Direct Employment: 15 Lakh
- Indirect Employment: 50 lakh
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