by Guest
4/24/2010 1:20:00 AM
Hyderabad had emerged as a strong contender to Bangalore as India’s strongest IT hub with proactive policies of then Chief Minister of AP, Mr. Chandra Babu Naidu. It managed to take the focus away from Bangalore in 2008 and most part of 2009. But the Telangana State agitation which paralyzed the city for several weeks, during last quarter of 2009 and in January 2010 made the IT industry jittery. Several companies put off their expansion plans in Hyderabad. Many started moving staff to Bangalore and other cities. However, with the city remaining calm, business is back and is once again emerging as the most favored state for information technology (IT) giants.IT majors have announced huge expansion plans that will create three lakh new jobs according to the State Govt. For the first time since the Telangana agitation started, two multinationals have shown interest about opening their India operations centers in Hyderabad. JP Morgan and the United Health Group will set up their units at Raheja’s SEZ at Madhapur. Existing companies like Tata Consultancy, Wipro, Accenture, Infosys, Virtusa and Honeywell too have informed the government that they are going ahead with their expansion plans in spite of disturbances. Recently, Facebook announced opening of their first offshore development center in Hyderabad.Mindspace’s first phase is full with units and they are going ahead with their second phase of SEZ near New Hyderabad Airport. TCS has also started construction for the Gachibowli centre expansion. Infosys, Wipro and Accenture have received permission from the government for their expansion projects with the first two presenting plans to recruit 3,700 people this season. TCS has informed the government that it will recruit 7,000 people during its expansion. This is in addition to the recruitment proposed for the Tishman Speyer International Development Centre. The company will employ 2,500 people for this centre. New facilities of Virtusa are under various stages of completion and are expected to start operations in two months.Hitec City & Gachibowli, the IT hub of Hyderabad is free of traffic bottlenecks. There is very good connectivity to Airport. At least 10 Malls and Multiplexes have come up within a radius of 12 Kms from Hitec City. Hyderabad has well planned residential areas. Unlike other Metros the real estate rates in Hyderabad remain reasonable. The weather is great except for 2 months.Hyderabad has major development centers of companies like Microsoft, IBM, Perot, Accenture, Cognizant, HP, Templeton, Google, Amazone, TCS, Oracle, Infosys, Wipro, Mahindra Satyam, CA, Infotech, Softsol, Polaris, Nvidea, Birlasoft, etc . HMDA (Hyderbbad Metro Development Agency) which was the catalyst in the emergence of Hyderabad as an IT destination, by its quick planning and development of large scale infrastructure facilities in the west of Hyderabad has announced plans for expanding the highly successful Financial District in Gachibowli by building infrastructure nearby Tellapur. The Financial District houses, apart from others, ICICIs gigantic 25 floor structure which is getting ready for occupation. Hyderabad should be on the radar of young executives in IT as well as other industries. Go ahead and be there to be recruited for jobs in Hyderabad.
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