Tag Archives: IT hub

Newsbeat

Hyderabad: The New IT Capital of India?

Hyderabad Poses Challenge to Bengaluru’s IT Hub Status: Former Infosys CEO

In a surprising turn of events, former Infosys CEO and Chairman of Manipal Global Education, TV Mohandas Pai, suggested on Wednesday that Hyderabad could potentially replace Bengaluru as the “Information Technology capital of India.” Pai, in his statement, criticized the successive governments of Karnataka for their ‘neglect’ and warned the Karnataka government about the impending shift.

Expressing his concerns on a social media platform, Pai hoped for a more proactive approach from the Karnataka government, particularly under the leadership of Siddaramaiah from the Congress party.

Responding to Pai’s post, many users echoed his sentiments, agreeing that it might indeed dethrone Bengaluru as the country’s IT capital. Several comments commended Telangana IT Minister KT Rama Rao for his role in elevating Hyderabad’s status as a burgeoning IT powerhouse.

One user, with the handle @vigytweets, remarked, “If BRS Wins definitely… if Congress wins in Telangana, Hyderabad will be gone to dogs in real estate and IT growth. The current Hyderabad growth and planning is because of KTR. BJP is nowhere in race in Telangana so no use of talking about them.

Another user, @RaviGAk, expressed the likelihood of this shift, stating, “In all probabilities, it is going to happen. Unless the government thinks innovatively and acts at lightning speed.”

 

Expressing a desire for similar IT growth in every state, user @ShivaRa51310785 commented, “I wish there is one such Hyderabad in every state. This is something to be celebrated and proud.”


Meanwhile, a user identified as @thereal_ravan criticized the successive Karnataka governments as corrupt, saying, “Being a proud Bengalurean!! I admit Our corrupt Govts have messed up this amazing city!! HYD will grow & is growing rapidly, no doubt! One day HYD will dethrone BLR for sure, its a harsh FACT! My hope is, BLR shud be a union territory & b saved from these corrupt politicians!”

Summing up the sentiment, @Sumita61 noted, “Bangalore has already been dethroned by Hyderabad in the hardware space.”

Newsbeat

Mindspace at Madhapur, Hyderabad to undergo major redevelopment

Mindspace at Madhapur, Hyderabad, a bustling IT hub, is set for a remarkable transformation in the years to come. The Mindspace REIT Annual Report for the fiscal year 2023 outlines a roadmap for major redevelopment projects, including the redevelopment of Blocks 1A and 1B, buildings 7 and 8, and the creation of the Mindspace Madhapur Experience Centre.

The redevelopment of Blocks 1A and 1B is slated for completion by December 2025 and will add 1.3 million square feet of leasable area, creating contemporary workspaces that cater to the evolving needs of businesses. The redevelopment of buildings 7 and 8, expected to be completed by the third quarter of fiscal year 2027, will add 1.61 million square feet of leasable area and will be built to LEED Platinum Rating and Wellness Certification Standards.

The Mindspace Madhapur Experience Centre, set to be completed by Q1 FY25, will be a hub of activity where work and leisure converge seamlessly. Spanning a leasable area of 0.13 million square feet, the center will feature thoughtfully designed workspaces, food courts, gyms, spas, indoor games, and fine-dining restaurants.

Madhapur is the most preferred micro-market in Hyderabad, consistently garnering nearly two-thirds of net absorption every year. This statistic underscores the enduring appeal of the business park as a prime destination for businesses seeking to establish or expand their presence in the city.

The major redevelopment projects at Mindspace at Madhapur are poised to redefine the skyline of Hyderabad and reshape the landscape of the business district. The new workspaces and amenities will offer businesses and employees a state-of-the-art environment to work, thrive, and relax.

 

Newsbeat

Quadrant to create 500 jobs in Hanamkonda IT park

Hanamkonda, Telangana: Quadrant Resources, a software company, is all set to begin its operations in the IT park in Madikonda, Hanamkonda district. The company will provide direct employment to local youth in the software sector.

Quadrant Resources is the third major company to set up its office in Warangal after Cyient and Tech Mahindra. The state government has allotted 50,000 square feet of space to the company and invested Rs 35 crore for its establishment.

The company has already hired 100-150 local youth and plans to create 500 jobs in the next two years. Quadrant Resources CEO Vamshi Reddy said that he decided to set up his company in Warangal to help engineering students build a career.

“Many engineering students from Warangal prefer to migrate to metropolitan cities like Hyderabad and other states, as there are no job opportunities here. I wanted to create job opportunities for local youth in their own city,” Reddy said.

The Telangana government is promoting the IT sector in Warangal and other Tier-II cities. The state government has set a target of creating one lakh IT jobs in Warangal by 2025.

The establishment of Quadrant Resources is a positive development for the IT sector in Warangal and Telangana. It will provide much-needed employment opportunities to local youth and boost the economic growth of the region.