India is a fast-growing economy and currently stands as the world’s second largest economy slightly behind neighbouring China. When there is a such a rapid growth in the country’s financial capital, there is a need for IT companies-which are major contributors to our economy to expand not only to big cosmopolitan cities, but also emerging cities with market potential. Keeping this in mind the Telangana government has identified Khammam as one of the potential cities for globalization and swiftly sanctioned an IT Hub.
The project which will be built in two acres of government sanctioned land in Khammam will cost around Rs. 25 crores. Telangana Minister of IT and Industries, K.T. Rama Rao garu will inaugurate the construction of project on June 15, 2017. Along with this he will also issue permit documents to seven IT companies who have applied to set up their offices at Khammam.
With this project, around 2000 locals will find employment as the district of Khammam has seen a lot of immigration of IT professionals to overseas. The building will be four-storey building with workspaces available enough to accommodate 15 companies in it.
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