Hyderabad is the Hub of the companies and job employment, but the major hub of companies in Hyderabad is based on IT- Information Technologies. The IT sector is increasing daily and offers lakhs of jobs every year. Hyderabad is on its way towards healthy growth and creating huge opportunities in the future. It is supposed to grow by $50 billion by the year 2025. Hyderabad IT sector currently employees is 14.5 lakh, according to the data and which is supposed to increase in upcoming years.
Hyderabad City is one of the centers of IT industries throughout the world with the Hubs of IT companies with the name Cyberabad/Cyber Tower. The area was specially created for Information technology purposes and infrastructure with several IT zones, and having the US-based companies like Google, Microsoft, Samsung, Motorola, Yahoo, HP, Amazon, Texas, and many others.
Microsoft’s largest campus of Research and development outside the US is in Hyderabad, also India’s big major largest IT firms like Tata consultant services (TCS), Wipro, HCL, Tech Mahindra, and others have their development centers in Hyderabad.
Telangana government has taken the initiative to construct the tallest IT Park in Hyderabad city. The fourteen-story IT park will be constructed by the Telangana state industrial Infrastructure cooperation (TSIIC) in an area of around 10 acres which can accommodate approximately 100 companies with expected to provide 50,000 more jobs in the IT sector.
Every day new companies are coming into the IT sector to establish their units. The five IT parks have already been approved in east Hyderabad Nagole, Uppal, and LB Nagar. The Genpact IT Company will set up a 19 lakh sqft campus in Uppal that will help to create more jobs and approximately offers 15000 jobs to the people.
The government has played a major part in building the scope of IT infrastructure and making the HUB of the IT sector in the city and opening the largest incubation center for the startup named T-Hub.
The Telangana State government has urged IT companies to collaborate with the government to promote the use of Public transport and increase the sharing of electric vehicles and electric buses.
And increasing the women’s empowerment in the country, the various IT companies have decided to offer women equitable career growth. The Cognizant’s global and Hyderabad central head has taken the initiative in women’s global leadership development and that will help in decreasing the gender gap in leadership.
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