Malakpet IT Tower set to create 50,000 jobs; KTR promises project completion in 36 months

Hyderabad: On Monday, the first steps towards the construction of the IT Tower in Malakpet officially started. Being built at a cost of around Rs 700 crore, the state government’s multistorey IT Tower is said to create about 50,000 direct and indirect jobs in Hyderabad city.

This state-of-the-art IT Tower will be coming up on 11 acres of land with a built-up space of approximately 15,00,000 sqft.

Speaking after laying the foundation stone, IT and Industries minister KT Rama Rao assured the project’s completion within 36 months. The minister said that he will ensure IT giants set up their offices here, giving a major boost to the ecosystem.

The Malakpet IT Tower will be designed to promote innovation and collaboration, bringing together experts in the field to develop new technologies and applications.

‘Hyderabad leads in creation of IT jobs’

KTR said that the investor-friendly policies of the Telangana government gave a major boost to the IT sector in the state, which further attracted global IT companies to set up their offices here, accelerating the overall growth of Telangana.

The minister said that the BRS-led government has worked on improving electricity, irrigation, agriculture, and rural development in the first and second terms and has transformed Telangana into a prosperous state in the country. He added that Hyderabad stood as a leader in IT job creation for two consecutive years, surpassing Bengaluru.

He stated that the government is making constant efforts to strengthen the infrastructure and the transport system keeping in mind the future needs of Hyderabad city, which is growing fast in all directions. He added that the government was preparing a detailed plan to develop 415 km of metro line, which will cover all the areas in Hyderabad city.

KTR praises peace and harmony in city

Speaking about other subjects, the minister said that Hyderabad has become a shining example when it comes to peacekeeping and harmony. There were no incidents of communal disturbances unlike in the other states run by opposition parties. He then appreciated the Muslim community heads for postponing the Milad-un-Nabi procession, which coincided with the Ganesh Nimajjan. “This is what Hyderabad is known for - Ganga-Jamuna tehzeeb,” he said.

Minister KTR also added that Telangana stands at the number one position in crop production in the country and though prime minister Narendra Modi visited Telangana multiple times, not once did he appreciate the world’s biggest lift irrigation project - the Kaleshwaram project, which was constructed in a record time without any support from the Central government.

KTR takes a dig at opposition

Responding to the statement of PM Modi who had said BRS steering is in the hands of Asaduddin Owaisi, KTR said, “I want to clarify that BRS steering is in the hands of CM KCR and MIM’s steering is in the hands of Mr Asaduddin, but BJP steering went into the hands of Adani and not Pradhani (PM).”

Owaisi praises KTR and CM for IT Tower project

Meanwhile, while praising KTR, AIMIM MP Asaduddin Owaisi, who was present at the foundation-stone laying ceremony said, “A good work has been accomplished. For the inauguration of this IT Park-iTek Nucleus Tower, I would like to give credit, especially to KT Rama Rao. Despite administrative hurdles, this project has now become a reality in the Old City. Since the last few years, KT Rama Rao has worked very hard to put Hyderabad’s name on the IT map.”

The MP also referred to the various misconceptions people harbour about the Old City and said, “People do not realise the truth that in this part of the city, we have peace, harmony and prosperity. This project is an answer for those people who always think negatively about the Old City. This is not just the success of Malakpet but the entire Old City. I am sure it will be an iconic building like the Charminar. This project will be a boon for at least 8,000 to 10,000 youngsters from the Old City, for getting employment,” he stated.

The MP further said, “The chief minister has a vision for the development of transportation and infrastructure facilities and we hope that he will become the chief minister again.”

Taking a dig at the opposition parties, Asaduddin said, “There is a blackmailer and another is a hatred monger. But we need to work together to maintain peace. In the last nine years, we have had more positive achievements than failures. He also requested KTR to give land for the GHMC office, registration office, KG to PG institute etc. under one roof in Malakpet.”