Hyderabad: Company Internet services Google, the leading global e-commerce Amazon, the global banking giant HSBC and others have decided to continue its expansion plans, which were caught by uncertainty and issues relating to land allotment policy Hyderabad .
With the formation of Telangana state to end the political uncertainty Telangana Rashtra Samithi and (TRS) government willing to create a favorable investment atmosphere, large companies have begun to work out their plans.
Information Technology Minister K. Tarakarama Rao said Tuesday that the problems relating to the allocation of land to Google would be sorted out soon.
Google plans to create its own campus, which will be its first outside the United States ..
The state government had allocated in 2007 to 20 hectares of land in Kokapet but ran into legal problems. "The issue will be resolved soon," the minister told reporters.
Last year, the then Congress government of the States of Andhra Pradesh had agreed to provide alternative land Raidurg. Immediately it was unclear if Google campus will come up in the original site or that proposed last year.
The global search engine giant employs 3,000 employees at three locations in the city and plans to double the number of employees in five years.
The minister said that the problem with respect to land allocated for Amazon would also be resolved soon. The retail giant was 10.57 hectares of land in Nanakramguda in 2005 by the then government, but the company could not begin construction due to legal problems on earth.
The online retail giant plans to build 1.6 million square foot facility, which will be its ease outside their corporate headquarters in the USA ..
Amazon currently employs 4,000 people at its campus in the leased premises and intends to add 5,000 jobs at the proposed campus, which is expected to be completed in 2018.
Rao said HSBC was also working on plans for a massive expansion in Hyderabad.
The largest firm in India Tata Consultancy Service (TCS) IT services is also expanding its presence in Hyderabad by the construction of a new facility in Adibatla. This will provide 28,000 new jobs in three to five years. TCS already employs 26,000 people in four centers in the city.
Rao said the government plans to develop Hyderabad as a destination for top-notch IT in the country. It is working to develop IT in small groups throughout the city.
In Information Technology Investment Region (ITIR), the central government has already sanctioned Hyderabad, said union Minister of Communications and Information Technology Ravi Shankar Prasad will meet on September 15 to get clarity.
He said the mega project is estimated to bring in an investment of over Rs.2 lakh crore in 15-20 years. Is expected to provide 15 lakh and 35 lakh direct indirect employment.
The Government is also developing plans to bring the growth of IT to Tier II cities like Warangal and Karimnagar.
