turnig as it hub
Andhra Pradehs is proud to be the first state in india to implement e-governance
projects. As state emerging IT capital and and Chief Minister Chandra Babu
Naidus bid to turn Hyderabad into "Cyberabad" has paid off. The Memorandum
of Understanding (MOU) signed between the state Government and Microsoft in October 1997
was the turning point and now a host software and hardware majors are making a
beeline for setting up centers in the state.
IBM set up its School for Enterprise Wide Computing, the only one in the country, followed
by Metamor Global Solutions Ltd of the US which
signed the agreement for a school of excellence in software development methodologies.
Satyam Computers Ltd, a domestic software exporter,
joined the list a little later and the latest entrant is the software database giant,
The Hyderabad Information Technology and Engineering Consultancy (Hi-Tec) city was
completed well ahead of schedule by Larsen & Tubro. After Hyderabad, another
developing metro city Vizag is emerging as a IT Corridor of the state. several companies
are setting up firms there.
Developed on 158 acres on the outskirts of the city, Hi-Tec city will provide 550,000 sq
ft of floor area with un-interrupted power supply, high band-width
communication facilities and other basic needs for software industry.
Manpower, that is the single most important factor for development of this sector, is
ample in Andhra Pradesh. software professionals, who are leading in the US market
are Indians and in that majority professionals are from this state.
The rapidly growing IT industry in Hyderabad has it's roots in the boost that came from
small companies involved in data processing systems in early 80s.
The post-liberalization period in the early 90s witnessed a surge which led to setting up
a Software Technology Park (STP) in Hyderabad.
The resulting IT wave was extended by the efforts of the first generation entrepreneurs
like Info-Tech and Sriven, Frontier, SQL Star etc. This drew the
interest of NRIs, who began to consider Hyderabad as a potential area for the software
industry. With multi-nationals joining the fray in 96-97, Hyderabad
really hit big time.
The IT industry in the state has grown at a staggering pace in recent years. The Software
Technology Park at Hyderabad continues to maintain the highest growth rate in the country.
In addition, the various IT companies here are also witnessing a spurt in business. The
hottest areas today are in offshore development, e-commerce, GIS, Euro money conversion,
and ERP solutions. The rise in IT training has also been phenomenal.
A direct indicator of the growth that is happening today is the fact that while 29 new IT
companies were registered with the STPH during 1997-98, that
same number was achieved within the first six months of 1998-99. Today the State Capital
presents an assorted picture - global players like Microsoft and Intergraph and local blue
chip companies like Satyam, InfoTech, Visual Soft etc.