At present, the ICT sector employs over 3.25 lakh IT professionals, while the electronics sector has already surpassed exports worth $1 billion.
In tune with its vision to make the state a preferred destination for investors, the Telangana government plans to achieve an export target of about Rs 1 lakh crore from the current Rs 60,000 crore in the next three years as well as create 1 million job opportunities in the information and communications technology (ICT) and electronics sector.
At present, the ICT sector employs over 3.25 lakh IT professionals, while the electronics sector has already surpassed exports worth $1 billion. KT Rama Rao, minister for panchayat raj and information technology, Telangana, on Wednesday said the government was giving due importance to the IT sector to drive employment generation in the state.
Consequently, the state government would continue to create a business-friendly ecosystem. “Hyderabad has rightly emerged as a contender to become the ICT capital of India. With a large pool of talented IT professionals and as the base for leading MNCs, Hyderabad has the reputation of being the destination of choice for businesses across industries,” the minister said.
The government has already undertaken a slew of measures to promote the ICT and the electronics sector. They have developed a industry-friendly ICT policy with single-window clearance, besides setting up a Hyderabad ITIR project with an IT investment potential of Rs 219440 crore. Besides, the government is coming up with two electronic manufacturing clusters.