The ITIR includes special economic zones, industrial parks, free trade zones, warehousing zones, export-oriented units, growth centres and existing settlements among other services. It is defined as a self- contained integrated knowledge cluster dedicated to the establishment and growth of IT, ITeS and electronics units.
The proposed ITIR is expected to attract Rs 2.19 lakh crore investments over 25 years of the project implementation period. The first phase is proposed to be completed by 2018.
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The move would bring in close to Rs 5,000 crore funding for improving the basic infrastructure to attract new investments, said Information and Public Relations Minister D K Aruna.
According to a state government note, the proposed ITIR comprises certain areas covering the existing IT campuses under the Cyberabad Development Authority, Gachibowli, Madhapur and extends to areas in Hyderabad airport and most of the western parts of the city including Mamidipalli, Raviryala, Adibatla, Maheshwaram, Uppal and Pocharam.
Prominent benefits expected from the project include direct revenues of Rs 3.11 lakh crore, growth of IT exports to the tune of Rs 2.35 lakh crore, direct employment for 1.5 million people and increase in tax revenue to the state to the extent of over Rs 30,000 crore.
Hyderabad is home to over 1,200 IT companies and almost all the global and Indian IT majors such as Microsoft, Google, TCS and Infosys have their campuses in the city. The state contributes about 12.4 per cent to the national IT exports, which stood at Rs 40,646 crore in 2011-12, according to government information.
The total office space occupied by the IT companies in AP stood at 60 million square feet in 2012, according to the Software Technology Parks of India.
<b>State revives Vijayawada airport expansion plan after 6 years</b>
Giving a boost to air connectivity to one of the important Tier II cities in Andhra Pradesh, the state Cabinet on Friday decided to acquire 492 acres of additional land for the expansion of the airport in Vijayawada. The state government had signed an MoU with the Airports Authority of India (AAI) in 2007 for the upgradation of this airport but nothing much happened in the last six years. Reviving the agreement, the government would now acquire the land and transfer the same to AAI free of cost for expanding the facility.
The government has accorded sanction for Rs 110.91 crore towards the cost of land acquisition. Except around 60 acres of government land, the rest of the area identified for the expansion falls in private patta lands, according to minister DK Aruna.
Land for Ocean Technology Institute
The state Cabinet also approved a proposal to allot 109 acres of land to the National Institute of Ocean Technology, Chennai, to set up research facilities along the coastline in Nellore district. Close to 600 acres would be allotted for setting up industrial parks in the same district.
The Cabinet also decided to approach the World Bank for Rs 1,000 crore loan for reconstruction works in areas damaged by cyclones in 2009 and 2010. She said the Cabinet also cleared a proposal to fill 5,000 government posts, including the existing vacancies, across various departments soon.