Hyderabad: Technology campuses of Cyient and Tech Mahindra at Madikonda IT Park in Warangal are all set for inauguration on Monday. Telangana Industries and IT Minister KT Rama Rao will open the new facilities of the tech majors.
The Madikonda IT Park is a part of the Telangana government's efforts to take the IT revolution across the state. Chief Minister K Chandrashekhar Rao-led TRS government is offering several sops and incentives to encourage IT companies to set up their campuses in tier-2 cities in Telangana.
The new facility of Cyient will hire 100 techies initially and will gradually enhance the headcount to over 1,000. Cyient has established the 70,000-sqft campus for Rs 25crore over five acres. The incubation facility of Cyient is already working with 100 employees and will be relocated to the new campus after the inauguration.
KTR in a tweet thanked Cyient and Tech Mahindra for setting up the facilities at Warangal. He said: "This is a step towards spreading the IT sector to tier-2 cities. I thank BVR Mohan Reddy of Cyient and CP Gurnani of Tech Mahindra."
Tech Mahindra will have a presence at the incubation centre of the IT Park as well as the new IT towers. Mahindra Group chairman Anand Mahindra had earlier met KTR and agreed to set up the facility in Warangal. KTR also met CP Gurnani, CEO and MD of Tech Mahindra, and persuaded him to spread the IT sector to tier-2 cities in Telangana. KTR had met them during the World Economic Forum in Davos in 2017. Tech Mahindra will hire about 1,000 techies in Warangal.
Telangana government developed Madikonda IT Park at an investment of Rs 25 crore and is in the process of developing another IT park in Karimnagar at a cost of Rs 25 cr. Another Rs 25-cr IT park in Nizamabad is in progress, while two more IT parks have been proposed in Khammam and Mahbubnagar.