Software industry in Telangana
The Indian state of Telangana has a significant amount of software export in India. While the majority of the industry is concentrated in Hyderabad, other cities are also becoming significant IT destinations in the state. In Hyderabad, the central region of the business happens in HITEC City, in the Madhapur suburb. Development of HITEC City prompted several IT and ITES companies to set up operations in the city, and has led civic boosters to call their city "Cyberabad." There have been extensive investments in digital infrastructure in Telangana.
The IT exports exports from Hyderabad stood second in the country at ₹93,442 crore in FY 2017-18 improving from previous year ₹85,470 crore ($13 billion, 14% CAGR) in FY 2016-17 The target is to increase it to ₹1.2 lac crore by 2020.
Telangana IT policy
The initiation of this Software Industry in Hyderabad was done in parallel to other major cities in India in the early 1990's. Present Telangana Chief Minister, K. Chandrasekhar Rao (KCR) created the Telangana IT policy 2016. However, before that HITEC City was built in Cyberabad (Rangareddy Dist.). The foundation stone was laid for HITEC City in 1995 by then Andhra Pradesh Chief Minister N. Chandrababu Naidu.
- Srini Raju Co-Founder and Chairman of Peepul Capital (successor to iLabs Venture Capital Fund), a Private Equity (PE) firm based out of Hyderabad and Chennai.
- "IT exports from Telangana rise 14% to ₹85,470 crore". The Hindu Business Line. 1 June 2017. Retrieved 20 August 2018.
- "Telangana's IT sector records 25 per cent growth in two years". The New Indian Express. Retrieved 2018-03-25.