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Hyderabad | IT Parks/SEZ Updates

3M views 8K replies 340 participants last post by  Zaitsev333 
#1 · (Edited)
This Thread is about the updates,news... Of IT Park/IT SEZ Project's @Hyderabad
Both(Upcoming & Present)
:)
 
#3 ·
BPO to be set up at Hyderabad's Cherlapalli Prison
:nuts:
Hyderabad, May 24 : Authorities at the Cherlapalli Prison in Hyderabad have asked some of the inmates to work in a Business Process Outsourcing (BPO) unit within the prison complex.

A Bangalore-based technical firm called Radiant Info Systems Ltd. is setting up the BPO centre.

"We have made plans to set up a rural BPO centre. So, I asked the authorities ''Can we set up a rural BPO centre in the prison?'' They got excited and asked officials to accompany me," said Narayana Charyullu, Director, Radiant Infosystems Ltd.

"I visited the jail and spent five-six hours there. I was surprised to see a computer lab already set up there, and they are imparting training to many prisoners," he added.

The eligibility criteria for working in the BPO are education up till 10th standard and above and computer literacy.

"We found that large number of convicts are willing to work on computers. So, I thought these prisoners can made use of and they can be put on computer-based jobs," said Gopinath Reddy, Director General For Prisons, Andhra Pradesh.

"The BPO would be a non-voice unit as of now, and would work with data processing and transmission," he
 
#4 ·
Tishman Speyer Announces WaveRock Project Lease in Hyderabad, India by Accenture:banana:
The Accenture transaction is one of Hyderabad’s largest office lease deals in the past year, and continues Tishman Speyer’s leasing momentum at WaveRock


Tishman Speyer announced yesterday that Accenture has signed a 15-year, 68,000-square-foot lease agreement with expansion and extension options at WaveRock, a Class A office development in Hyderabad, India. Under the agreement, Accenture has an option to expand to as much as 278,000 square feet during the next 12 months.

Accenture is a global management consulting, technology services and outsourcing company, with more than 181,000 people serving clients in more than 120 countries. In addition to WaveRock, Accenture already is a major tenant at one of Tishman Speyer’s (http://www.tishmanspeyer.com/about/team.aspx) premier office towers in Chicago.

The transaction is one of Hyderabad’s largest office lease deals in the past year, and continues Tishman Speyer’s ( leasing momentum at WaveRock. In February, the firm announced a lease agreement for 180,000 square feet with Tata Consultancy Services. Invesco also leases space at the property.

A modern LEED Gold-certified office park currently under development in the heart of the Gachobowli Financial District, WaveRock is a joint venture between Tishman Speyer and ICICI Ventures, the private equity arm of The ICICI Group. The project’s first phase opened in February, 2010. Other major office campuses in the area include Microsoft, Franklin Templeton and UBS.

“We are making significant progress in leasing the WaveRock project, helping to meet the considerable market demand for world-class office space in the strategically-situated Hyderabad area,“ said Tishman Speyer Managing Director and Country Head Rakesh Sharma. “Even at this early stage of leasing activity, we are seeing considerable interest from both Indian and foreign companies.”:cheers:
 
#5 ·
IANSPrithvi aims to become $1 billion company by 2012
Source:http://sify.com/finance/prithvi-aims...1tkdcedge.html

Prithvi Information Solutions Ltd, a global Information and Communication Technology (ICT) service provider, aims to become a $1-billion company by 2012.

'The company has outlined a four-pronged success principle represented by CARE which stands for customer focus, accountability, respect and excellence and is focusing on IT services, engineering services and telecom products,' said Managing Director V. Satish Kumar.


The company, which has set a revenue target of $450 million for 2010-11, Thursday unveiled its new corporate logo. The new logo emphasizes on the brand name 'Prithvi' and is intended to facilitate easy reference and recall.


Apart from increasing its footprint in existing markets, Prithvi will focus on emerging markets - India, South America and the Middle East.


As part of its expansion plans, Prithvi recently shifted to a new corporate office building at Khanamet, HITEC City, Madhapur.


Prithvi is rated among the top 50 fastest growing companies in India and top 500 of Asia by international accounting and consulting firm Deloitte.:cheers:
 
#6 ·
Andhra Pradesh to develop as a premier IT/ITES hub in the country
Monday, May 31, 2010


Hyderabad: The Chief Minister Dr K Rosaiah said the State Government is determined to develop Andhra Pradesh as a premier IT/ITES hub in the country. He said today Andhra Pradesh has emerged as the centre for knowledge-driven skill-based and high-value investments, particularly in IT sector.

In order to sustain the seamless growth in the IT/ITES sector, the State Government has also embarked upon promotion of Special Economic Zones in this sector. The Chief Minister will launch the "WAVE ROCK' -Phase II project of TSIBPL tomorrow, the 1st June at the Hyderabad Nanakramguda IT/ITES SEZ.:cheers: He had a brief interaction with officials on the IT/ITES sector. Tishman Speyer, headquartered at New York City, USA, is one of the world's leading developers of first class real estate, with operations spanning 30 cities in 11 countries spread over 5 continents.

In New York, landmarks such as The Rockefeller Centre and the Chrysler buildings are part of the group. They have similar high profile landmarks in major cities around the world. Tishman Speyer India Pvt Ltd., & ICICI Venture Ltd., formed a partnership with the APIIC in 2006 to develop an iconic office complex for IT/ITES purpose to create a global landmark symbolizing the new, modern and ever vibrant Hyderabad. Wave Rock, a state of art building is spread over an area of 12 acres in Nanakramguda, Hyderabad is a part of APIIC's IT/ITES SEZ. The building is being developed in two phases. Phase-I with 7 lakh Sq.ft. was operationalised in February, 2010 being leased out to Indian and foreign IT companies, which will generate employment of about 7,000 people. Wave Rock Phase-- II will be a majestic building with an area of 1.7 million Sq.ft. generating employment for 17,000 people. The launch of the second phase will send a strong message of revival and resurgence to the Indian IT Industry. The Chief Minister said this should also send a signal to the global business circles that Hyderabad continues to be the leading IT/ITES investment destination in the country.

The Chief Minister was informed that Major IT companies which are now operating in the IT/ITES SEZs are TCS, Infosys, Wipro, UBS, HCL, IGate, Kenexa, Sierra Atlantic, Virtusa, Honeywell, etc. Dr Rosaiah was told that Direct IT Employment generated so far in operational IT/ITES SEZs are 35,675. Investment made in IT/ITES SEZs as on 31-03-2009 are Rs.3936.16 crores. The Government of India provides the following incentives to the Units in the IT/ITES SEZs. Exempt from customs duty on import of capital goods, raw materials, consumables, spares etc. No license required for import. Exemption from Central Excise duty on procurement of capital goods, raw materials, consumable spares etc. from the domestic market. Supplies from DTA to SEZ units treated as deemed exports. Reimbursement of Central Sales Tax paid on domestic purchases. 100% income tax exemption for a block of five years, 50% tax exemptions for two years and up to 50% of the Profits ploughed back for next 3 years. Facility to retain 100% foreign exchange receipts in EEFC Account. Facility to realize and repatriate export proceeds within 12 months. Capitalization of import payables.

No cap on foreign investment for SSI reserved items. Exemption from industrial licensing requirement for items reserved for SSI sector. Profits allowed to be repatriated freely without any dividend-balancing requirement. Full freedom for subcontracting including subcontracting abroad. Job work on behalf of domestic exporters for direct export allowed. No routine examination by Customs of exports and import cargo. In house customs Clearance.
 
#9 ·
Indian-American SMEs plan Rs.1,500 crore IT facility

Quote:
Small and medium enterprises owned by Indian-Americans plan to set up an IT incubation facility here with an investment of Rs.1,500 crore.

Small and Medium Enterprises Consortium (SMEC) made the announcement when Andhra Pradesh Minister for IT K. Venkat Reddy, currently on a visit to the US, met CEOs of SMEs.

According to an official statement issued here Tuesday, SMEC chairman Mahender Musuku told the minister that SMEs would invest Rs.1,500 crore in three phases.

The CEOs expressed keen interest in making Hyderabad the first choice for their operations provided they get equal playing field, incentives in taxation and infrastructure.

An incubation centre, to be set up in two years for administrative and front offices, is expected to provide employment to 2,000 people.

While the centre will be set up in a leased facility in Hitec City, a permanent campus would be set up later with an investment of Rs.1,500 crore.

This is expected to provide direct employment to 10,000 people and indirect employment to 40,000 people.
 
#10 ·
Tishman Speyer plans 100-acre project in Hyd
:cheers:
Quote:
New York-based real estate developer Tishman Speyer (TS), with over $50 billion assets under management, is planning to develop a 100-acre IT and integrated township project at Tellapur on the outskirts of Hyderabad.

“We expect the ground breaking for the new project to happen in the first quarter of next year. The plan is still in the conceptualization stage,”Tishman Speyer chairman and co-chief executive officer Jerry Speyer told mediapersons here on Tuesday.

“We had raised about $2 billion in the last 4-5 months to invest in various projects globally. Capital is not a problem. The problem is getting a good opportunity,” he said, while declining to divulge the Tellapur project cost.


Brief History Of The Project::

TS , ICICI Ventures and Nagarjuna Construction Company announced in 2007 that they would develop a township on 400 acres of land in Tellapur

However due to the recession it was decided to shelve the project for a few years.. The Government decided to allot only 100 odd acres to them and develop the rest of the land as Financial District Phase II on the lines of the hugely successful Gachibowli Financial District. Both being close to each other.
 
#11 ·
Infotech inks agreement with Seawell

Quote::banana:
Infotech Enterprises Limited (IEL), a city-based engineering services and technology solutions provider, today said it has signed a long-term master service agreement with Norway-based Seawell AS, an international drilling and well services company, to provide Engineering support services.

This agreement with Infotech would enable Seawell to further expand its engineering capacity and improve competitiveness.

Seawell Facility Engineering Centre, located at Infotech Enterprises' Manikonda facility was inaugurated here today.:banana:
 
#12 ·
Progress Software to increase staff at Hyderabad

Source:http://www.mydigitalfc.com/it/progre...-hyderabad-087

Global application infrastructure software firm, Progress Software, is looking at the telecom and infrastructure space in India to gain a foothold in the domestic information technology market. The company, which has its second largest development centre in the world in Hyderabad, is looking at a 50 per cent rise in headcount at its development centre in the city.

Progress has a workforce of 275 in India, of which 160 work in Hyderabad. It has recently expanded capacity in the city and would be adding another 80 personnel by the end of the year. “We are doing some cutting-edge engineering work at our Hyderabad site, which today makes up 25 per cent of the total output,” Ramesh Loganathan, managing director of the company’s India unit, told Financial Chronicle.
 
#13 ·
The NR EYE: Andhra’s IT sector beckons foreign investment Sunday

Source:http://www.thepeninsulaqatar.com/ind...nvestment.html

The participation of overseas Indians and other foreign investors is on the up in the ambitious plans by the south Indian state of Andhra Pradesh to develop its ICT (Information and Communication Technology) sector.

The latest move has come from the US-based, NRI-owned Small and Medium Enterprises Consortium (SMEC) that has promised to pump the equivalent of Rs15bn in an IT campus. To begin with, the consortium will set up an incubation centre in the state capital, Hyderabad, employing some 2,000 people.

This would be followed by the campus in the vicinity of Hyderabad where in there would be a direct employment for around 10,000 employees and indirect employment of 40,000 employees with an investment of over Rs15bn. The campus would be built in three phases with the first phase to be completed within two years of the approvals, if any. This was conveyed to Andhra’s IT Minister K Venkat Reddy on a recent visit to the US.

At a breakfast meeting with CEOs of SMEC companies, the minister was reported to have appealed to the NRI business community to consolidate their overseas operations in Hyderabad and make it their destination for IT and ITES needs. The minister was said to have assured the businessmen to take up pending proposals with the Chief Minister and respond within a month.

Determined to develop the sector the Andhra government is poised to announce a new IT policy that would more than double the sector’s exports from the current Rs320bn to Rs720bn in the next five years, the media quoted a top government official as saying.

Already the state’s IT sector has notched up an impressive exports growth from Rs600m during 1995-96 to Rs320bn. The Government was now looking at Tier-2 cities like Visakhapatnam, Warangal, Tirupati, Vijaywada, Kakinada and Guntur for setting up new infotech SEZs, an official said.

The state was trying to get companies, that do not have base either in Andhra Pradesh or in the country, to set up offices in the state, and the existing firms are being encouraged to expand operations either in the state capital or Tier-2 cities.

The earlier IT Policy of 2005-2010, also offered a slew of facilities to investors. The state government undertook to offer Incubation Centres to provide ready-built space to start-up companies and first-generation IT entrepreneurs to start their operations in plug and play mode; to provide built-to-suit space/facility to SMEs and homegrown large IT Companies by construction of IT Towers; to allot lands on need-based requirement to Mega IT Projects, multi-national and home grown IT companies to build independent IT campuses.

It aimed at creation of Product Specific Special Economic Zones (SEZs) - IT/ITES/ hardware in different location industry and encourage private IT Parks. It offered the most attractive urbanland ceiling exemption for private landowners to develop IT Parks in 25 acres and above on the periphery and five acres and above in core city limits on payment of necessary fees and 100 per cent reimbursement of Stamp Duty. Rebate on Cost of Land for IT companies establishing their own facilities on clear Government land was also offered.

New York-based real estate developer Tishman Speyer (TS), with over $50bn assets under management, has said it was planning to develop a 100-acre IT and integrated township project at Tellapur on the outskirts of Hyderabad, with the ground breaking for the new project expected to happen in the first quarter of next year.

Last week, the company inaugurated Phase-I of Waverock at Nanakramguda, the first building that it had completed in Asia. ICICI Venture is also a joint venture partner in TS’s Waverock project, an IT office facility in Hyderabad. Phase-I comprises 700,000 sq ft of IT and ITeS office space to accommodate 7,000 professional. Tata Consultancy Services Limited has already started its operations from here while Accenture and Invesco will start their offices shortly.

Andhra Pradesh has got the highest number of 57 IT special economic zones (SEZs), as against the total number of 351 IT SEZs approved by the Centre in the country. When all the SEZs are fully operational in the next three years, these will create more than 100 m sq ft of office space and about 1 m direct employment in the IT sector, K Rosiah was quoted as saying.

Rosiah and his government, however, will have to walk the talk as the state’s SEZs record is far from satisfying. Of the total 182 SEZs announced, only 20 are operational, as reported last month by Express News Service. Land acquisition appears to be the biggest hurdle as negotiations with the land-owner farmers consumes time and leads to cost escalations. Raising adequate infrastructure facilities is the other major cause of delays. One hopes that the Rosiah administration is strong-willed enough to address these issues along side its ambitious policy announcements.
 
#15 ·
BANGALORE: Infosys Technologies and Georgia Institute of Technology, US, plan to set up a research institution here with centres for excellence in information technology and information systems, energy systems, biotechnology and infrastructure studies, the IT major said Tuesday.

Infosys Chief Executive Officer (CEO) Kris Gopalakrishnan and Georgia Tech's provost and vice president for academic affairs Gary Schuster recently signed a memorandum of understanding to partner on potential research and educational opportunities, Infosys said in a statement here.

"Georgia Tech is exploring the possibility of establishing a small, high quality post-graduate research institution in Hyderabad. The proposed Georgia Tech facility will include centres for excellence in information technology and information systems, energy systems, biotechnology and infrastructure studies," it said.

As part of the partnership, Infosys will collaborate on research projects of mutual interest in these areas of technology.

"Since Infosys has a presence both in Atlanta and Hyderabad, there are collaborative opportunities in both locations," the statement said quoting Schuster.

He noted that for several years the partnership between Georgia Tech and Infosys has been very strong in Atlanta, where the IT bellwether has rapidly expanded its local workforce by hiring several hundred engineers. :)
 
#16 ·
Infosys Pocharam, Hyderabad Campus. Inverted pyramid building to come up at Infosys SEZ on Warangal Highway

Information technology major Infosys will build an iconic 70-feet inverted pyramid style building at its special economic zone (SEZ) in Pocharam village on the outskirts of the city.In all probability,the SEZ,which will be Infosys second campus in the city,will commence its operations by 2010 end.:banana:

The Hyderabad Metropolitan Development Authority (HMDA) has given permission to its inverted pyramid-style main building a couple of days ago during its building committee meeting.

The inverted pyramid shape building would have state-of-the-art aesthetic features and consist of ground plus five floors.

The building height would be 23 metres and adequate parking provisions have been made in the building plans.

HMDA officials said Infosys officials have also secured the mandatory no objection certificate (NOC) from the Airports Authority of India and Fire and Emergency Services for a height of 29 metres.

The IT major was earlier given permission for a building at the SEZ in April this year reportedly for multi use.For that,it had paid Rs 70 lakh building fee and other fee to HMDA.

Infosys was allotted 447 acres land in survey numbers 50 (P),51,54,49,48,44 and 45 (p) of Pocharam village on the Warangal state highway,which is about 10 kms from Uppal.
The state government had invited the second biggest software company in the country in 2008.

Buildings and development will be taken up in 95.57 acres of the total 447 acres of SEZ in the first phase.The IT firm may apply for two more buildings in the near future, a senior HMDA official told TOI.

Infosys has taken up phase-I at a cost of about Rs 600 crore to Rs 700 crore.For its phase-I operations,the IT firm might recruit 10,000 employees and the number might increase to 25,000 once the SEZ becomes fully operational in the next few years.Infosys currently has a 50-acre campus in Gachibowli where about 8,000 employees work. :cheers:
 
#17 ·
CA Tech’s R&D unit to be operational soon

LAS VEGAS: The Hyderabad campus of CA Technologies, earlier known as CA, is likely to be ready by October, a top company official said here today.

“Our new research and development centre at Hyderabad is likely to be operational by October. The new R&D building, which is part of the second phase of our expansion, will have the capacity to house an additional 1,000 employees,” CA Technologies India chief financial officer Mr Chintan Thakkar told PTI on the sidelines of the CA World 2010 Conference being held here.:cheers::banana:

The Nasdaq-listed company is an IT management software and solutions provider with expertise across all IT environments. With 1,600 employees, the Hyderabad centre is one of largest locations of CA Technologies and plays a critical role in its overall R& D.

CA Technologies has embarked on an aggressive investment programme to gain leadership in the key markets that underlie its growth strategy -- identity and access management, IT management and cloud computing -- while continuing to grow its market-leading mainframe business.

The company is demonstrating new technology at the conference and rolling out new products for enterprises that want to gain all the benefits offered by the cloud computing and by virtualisation, while maintaining enterprise standards for security, relia bility and compliance.

The company plans to increase its India sales and is looking at expanding its R&D activities through more new products, its executive vice-president for emerging markets Mr John Ruthven said.

Earlier, chief executive officer Mr Bill McCracken said the technology industry is at an inflection point and that business will embrace virtualisation and cloud-computing in order to remain competitive.

“When technology advances and customer needs align transformation happens. As we emerge from the global economic downturn, we have tremendous opportunity to leap forward and embrace change, or risk being left behind,” Mr McCracken said. - PTI
 
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