Growth in IT Industry, Hyderabad is ahead of Bengaluru said KTR

The IT industry is a field which is undergoing rapid evolution and is changing the shape of business standards, in this scene the convergence of three key sectors – information, communication and entertainment hold great promise.

However, IT Minister KT Rama Rao said on Friday that Hyderabad is has improved more than of Bengaluru in Information Technology. He told that Hyderabad has gained 17% growth in the field while Bengaluru registered growth of 7 to 9 percent in 2018. He also told when Telangana was formed the IT exports were just Rs 50,000 crore and they have now reached over 1 lakh crore.

The KTR said, “When miracles were happening in Bengaluru, why did major international firms look at Hyderabad and set up their firms in the state.” He said that the five top technology giants have come to Telangana state due to pro-industry atmosphere in the state.

During the discussion, various issues were raised by the legislators he replied them saying no new industrial parks were set up during the 10-year rule congress, while his party has set up 59 new industrial parks in five years. He also gave the information about the food processing industries set up in various locations, he also told that the biggest textile park has been proposed in 1,200 acres in Warangal. He told that the manufacturing company has set up a unit in Sultanpur in Sangareddy district.

The minister also added “Soon the IT hubs in Karimnagar and Khammam would become operational and local youth will get job opportunities in the IT hubs and training programs are being imparted under TASK,” However this is very good news for the upcoming youngsters for their career opportunities.

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