Tech4SMB India Advisory - Indian Cabinet Expands IT Investment Region in Bengaluru & Hyderabad
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Dr Ajay Kumar , IAS, Joint Secretary, Department of Electronics and IT, provided an update that Indian Union Cabinet gave green signal to setting up of IT Investment Region (ITIR) near Hyderabad. This is the second ITIR approved by the Government in the last few months. The first one in Bengaluru was approved a few months earlier. The ITIRs are expected to make both Bengaluru and Hyderabad bigger destinations of IT and electronics industries by stimulating investment in infrastructure and related facilities.
The Union government has approved setting up of an IT Investment Region (ITIR) located at 44 kms from Bengaluru and 14 kms north of Bengaluru International Airport covering an area of 42.41 sq. kms. The ITIR envisages an investment of Rs. 1,06,000/- Crores over a period of twenty years.
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