Hyderabad Telangana India NewsVoir State witnessed INR 15 Lakh Cr worth IT exports in 2020-21 - a 1298 rise against the preceding year 221X growth in ITITeS exports compared with the national average More than 63 Lakh employees presently working in ITITeS sector in Telangana Other than Hyderabad various companies already exploring Warangal Karimnagar Nizamabad as alternate ITITeS hubs due to availability of cheaper land sound infra presence of many professional colleges CYIENT Tech Mahindra open offices in Warangal Sustained physical infra development in past multiple upcoming mega projects expansion of railways network greenfield brownfield airports industrial corridors Regional Ring Road metro rail corridors to unlock future potential of new growth corridors in Telangana Large base of MSMEs provides ample opportunities for industrial development 13379 total registered MSMEs since 2014 in state Medchal-Malkajgiri Sangareddy Rangareddy Karimnagar districts account for majority MSME units investment employment across state these districts have high potential to be developed as affordable housing destination Telangana Indias youngest state has grown exponentially since its formation in 2014 A vibrant ITITeS sector and robust infrastructure development are prime growth drivers in the state reveals the CREDAI-ANAROCK report Telangana A State on the Move With a strong presence of large ITITeS companies the state witnessed INR 15 Lakh Cr worth IT exports in FY 2020-21 - a 1298 rise against the preceding year Telangana witnessed 221 times growth in ITITeS exports compared with the national average More than 63 Lakh employees are presently working in the states ITITeS sector Various ITITeS companies are casting their nets beyond Hyderabad exploring Tier II cities like Warangal Karimnagar and Nizamabad as alternate ITITeS hubs These cities offer cheaper land sound infrastructure and a strong talent pool emerging from many professional colleges there Companies like CYIENT and Tech Mahindra have already opened their offices in Warangal Prashant Thakur Sr Director Head - Research ANAROCK Group says Currently ITITeS activities are largely concentrated at Gachibowli Madhapur and Nanakramguda in Hyderabad However COVID-19 changed the working dynamics for the sector as WFH gained universal acceptance and adoption This may lead to the decentralization of ITITeS companies from tier I to tier II cities due to the latters rich talent pools Various companies are already exploring Warangal Karimnagar and Nizamabad as the next ITITeS destinations Another key growth driver in the state is the sustained physical infrastructure development in the past and multiple upcoming mega projects These include the expansion of the railway network greenfield and brownfield airports industrial corridors the Regional Ring Road and Metro rail corridors that will unlock the future potential of new markets and cities Telanganas real estate market is set for growth on the back of sectoral development across the state says D Murali Krishna Reddy President - CREDAI Telangana Demand and supply have already attained equilibrium in Hyderabad The states strong fundamentals and robust infrastructure support the immense potential of the sector The planned Regional Ring Road and the industrial corridors will unlock new land parcels in the adjoining districts and boost overall economic development The large base of MSMEs provides many opportunities for industrial development As many as 13379 MSMEs have been registered in the state since 2014 Medchal-Malkajgiri Sangareddy Rangareddy Karimnagar districts account for most of the states MSME units investments and employment Backed by robust infrastructure this sector will create abundant direct and indirect employment opportunities and thereby generate demand for affordable and mid-segment housing across the state Click to download the report CREDAI-ANAROCK report Telangana A State on the Move Image 1 IT Employment Image 2 CREDAI-ANAROCK report Telangana A State on the Move PWR PWR
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