According to Telangana’s Information Technology Minister, K.T. Rama Rao, Hyderabad has outperformed Bengaluru in job creation in the IT sector in India.
Speaking at an event organized by the Hyderabad Software Enterprises Association on Monday, Rama Rao said that of the 4.50 lakh IT jobs created in the country last year, 1.46 lakh were in Bengaluru, but Hyderabad added 150,000 jobs.
The minister also pointed out that Hyderabad has outperformed Bengaluru regarding office space absorption for eight consecutive quarters.
Rama Rao added that the state of Telangana has seen the number of IT sector employees grow from 3.23 lakh to 8.7 lakh, and IT exports have risen from INR 57,000 crore to INR 1.83 lakh crore over the last eight years.
He stated that out of the five million employees in the IT sector in India, one million are from Hyderabad.
The minister also talked about the state government’s efforts to create a strong innovation ecosystem in Telangana, including initiatives such as T-Hub, WE HUB, Telangana State Innovation Cell (TSIC), WASH Hub, and T-Works.
He revealed that the B-Hub for biotech and life sciences industries is in the pipeline and that T-Works will be inaugurated this year.
Rama Rao highlighted the success of T-Hub incubated company Skyroot, which launched its rocket into orbit in its first attempt, and the success of Hyderabad-based company Dhruva, which launched nanosatellites into orbit.
Rama Rao appealed to IT industry leaders to expand their operations in Tier-II towns in the state and to identify new opportunities and prospective investors.
He urged companies such as Infosys and TCS to lead these initiatives, stating there is much scope for growth.
The minister also talked about the mobility, digital, and other infrastructure created by the Telangana government in recent years, including the T-Fiber initiative to provide 100 MBPS connectivity to 10 million households and the Strategic Road Development Programme, which has completed 37 out of 47 envisaged projects.