IT & ITES
Telangana IT/ITes Exports witnessing an extraordinary growth
- Telangana’s IT/ ITeS Exports touched Rs 1,83,569 Cr for the financial year 2021-22, an increase of a whopping 26.14% over the previous financial year. The quantum of IT/ ITeS Exports saw a 220% growth since 2013-14. The rise of Rs. 38,046 Cr from 2020-21 is the highest in a single year since State formation
- As per the estimates of NASSCOM, India’s total IT/ ITeS exports would grow at 17.20% during the FY 2021-22. Telangana recorded 9% higher growth rate in IT/ ITeS exports than the national average
- Launched the Second ICT Policy 2021-26
- Goldman Sachs opened its new office in HITEC City which will have a headcount of 2500 in three years. The Hyderabad unit will focus on engineering, finance, human capital management and support for consumer banking
- Innovation platform, Plug and Play, opened their office in HITEC City catalyzing the growth of automotive startups in the state
- Mobility company Stellantis is expanding Hyderabad operations by adding 2200 jobs by 2024
- Bosch has chosen Hyderabad for its Global Software Technologies and R&D Facility employing 3000 people working on Cloud, AIoT/ML, Cyber and embedded security
- Qualcomm announced a 16 million sqft facility in Hyderabad which will be in largest campus outside the US
- Google is constructing its largest campus outside the US in 3.3 million sqft campus in Hyderabad
- The ITE&C Department is working on a Mobility Valley along with BCG as a strategic partner. The Mobility Valley will have engineering and testing labs, certification facilities, AV and EV proving grounds, R&D and innovation campus and much more.