Minister for IT, Government of Telangana, K.T. Rama Rao has announced a proposal to build a data analytics park in Hyderabad. Speaking at the inauguration of Techwave Consultingâs office there, he also stressed on the importance of SMEs. The government is also planning to set up SME Tower to house SMEs at Kondapur. He believes it would attract investment for them.
Speaking further he added that Government of Telangana has proposed to set a data analytics park in Gachibowli in the city. âThis kind of park does not exist in India yet. We have made a proposal to Engineering Staff College of India (ESCI), an autonomous organ of Indiaâs largest body of professional engineers. Its Board of Directors will meet in September and decide on the same,â informed K.T. Rama Rao.
Rama Rao described how, over the last twenty years, Hyderabad has transformed in âCyberabadâ and that now the city is considered one of the best options for low cost, high value human resources. Hyderabad is the second largest IT exporting company and contributes 12% of countryâs IT exports.
Addressing the gathering, Dr. BVR Mohan Reddy, Chairman-NASSCOM said the industry continues to grow. It is a $148 billion industry which is growing at the rate of 14% per cent annually. The IT sector employs 3.1 million people in India. 2.5 lakh IT professionals were recruited last year. âWe expect similar or better growth this year,â he said.
âWhile this industry is generating lot of employment, there is a word of caution to the budding professionals. You will not have better prospects, until you have domain knowledge and vertical specialisation. Make yourself distinctly different. Learn continuously. Catch up with ever changing technologies. And have right skills,â BVR Mohan Reddy added.