Hyderabad: Minister for Communications and IT Ravi Shankar Prasad met Telangana Chief Minister K Chandrasekhar Rao here today and discussed the upcoming Information Technology Investment Region (ITIR) project.
The Union Minister asked the state government to send a detailed proposal for enhanced financial assistance from the Centre for the ITIR project to be developed around the city, as Rao said the Rs 165 crore announced for phase-1 was "inadequate", according to the release from the Chief Minister's Office.
The Chief Minister briefed Prasad about the ITIR project that would come up in an area of 202 sq km in and around Hyderabad Metropolitan Area and will attract a total investment of Rs 2,19,440 crore over 25 years.
While the state government sought a financial assistance of Rs 4,863 crore from the Centre for creation of external physical infrastructure for the project, the latter agreed to extend only Rs 3,275 crore, including Rs 165 crore for phase-1, the Chief Minister said.
He said existing IT companies in Hyderabad are willing to expand their activities and needed facilities for education and health in the ITIR.
Rao also explained to Prasad the state's industrial policy brought out recently.
"The Union Minister assured the chief minister that he is always available for any assistance to the state in IT and communications fields," the release added.
Prasad also informed Rao that a separate postal circle for Telangana has been approved and the Chief Post Master General's post has been created.
State IT Minister K T Rama Rao, Chief Secretary Rajiv Sharma and other officials were present at the meeting.
The Union Minister asked the state government to send a detailed proposal for enhanced financial assistance from the Centre for the ITIR project to be developed around the city, as Rao said the Rs 165 crore announced for phase-1 was "inadequate", according to the release from the Chief Minister's Office.
The Chief Minister briefed Prasad about the ITIR project that would come up in an area of 202 sq km in and around Hyderabad Metropolitan Area and will attract a total investment of Rs 2,19,440 crore over 25 years.
He said existing IT companies in Hyderabad are willing to expand their activities and needed facilities for education and health in the ITIR.
Rao also explained to Prasad the state's industrial policy brought out recently.
Advertisement
Prasad also informed Rao that a separate postal circle for Telangana has been approved and the Chief Post Master General's post has been created.
Advertisement
COMMENTS
Advertisement
CrowdStrike: All About The Cybersecurity Giant Behind Global IT Outage Full Recovery From Global IT Outage Could Take Time: 10 Points Meta Content Moderation Vendors Hit By Global Cyber Outage Over 300 Indian Students Return As Quota Row Sparks Violence In Bangladesh The Situation At Delhi, Mumbai Airports Day After Global IT Outage "Jindal Group Executive Showed Porn, Groped Me On Flight": Woman To NDTV Watch: Sudha Murty Shares How She Embarked On Her Philanthropic Journey BJP Vs BJP In Bengal Over Differences In 'Sabka Saath, Sabka Vikas' Outlook Delhi Gets First Pilot Hybrid Court Room With 'Speech To Text' Facility Track Latest News Live on NDTV.com and get news updates from India and around the world.