New IT tower to come up in near north-west Hyderabad, three more in other districts

HYDERABAD: Describing 2020 as an eventful and emotional year, MAUD and IT Minister KT Rama Rao on Thursday announced that the State government is planning to open a new IT tower in Kompally for the benefit of SMEs and a new cluster in Kollur in the North West of Hyderabad.

Speaking at HYSEA’s Annual Innovation Summit, he said that IT towers will also be opened at Nizamabad, Khammam and Mahbubnagar later this year or early next year.

“This is to disperse the IT sector around the city. There are a slew of benefits, including 30 per cent rental rebate for the SMEs and anyone who brings in more than 500 employees to the GRID regions will get a custom package. We will be doing the groundbreaking for the Kompally tower next week. We already have more than 200 SMEs interested in taking space here,” he said.