HYDERABAD: The Telangana govt has inked a Memorandum of Understanding (MoU) with ITServe Allianceone of many largest associations of IT firms in the United States, with a watch on creating 30,000 new jobs in Tier-2 and Tier-3 towns of the state as a part of the govt’s bid to decentralize It sector growth.
As a part of the settlement, Telangana govt will facilitate the event of the mandatory infrastructure, together with workplace areas and fashionable amenities, in cities resembling Mahbubnagar, Warangal, Karimnagar, Khammam, Nizamabad, amongst others, and ITServe Alliance member firms in setting up IT. and associated operations there.
As a part of the collaboration, Telangana Government has additionally agreed to allocate land in Hyderabad’s Financial District for the development of workplace buildings to be occupied by ITServe member firms.
This will guarantee a powerful synergy between the IT firms’ regional and concrete operations, positioning Telangana as a complete hub for IT growth, Telangana govt mentioned.
On its half, ITServe Alliance will leverage its in depth community of member firms to drive growth and create a sturdy IT ecosystem in these smaller towns by creating IT jobs.
The MoU was signed in the presence of IT & industries minister Duddilla Sridhar Babu and ITServe nationwide president Jagadeesh Mosali.
The settlement additionally contains workforce improvement by fostering upskilling and reskilling initiatives to construct a powerful pool of trade-prepared expertise from inside the native communities.
Telangana govt mentioned the transfer marks a major milestone in the state’s dedication to inclusive growth, regional improvement, and the creation of a powerful innovation ecosystem.
Sridhar Babu mentioned this was a part of the state govt’s efforts to make sure that Hyderabad’s IT success is replicated in the state’s tier-2 and -3 towns as properly by fostering equal alternative and improvement.
“Telangana’s talent is our greatest asset, and we are focused on both skilling and reskilling the local workforce to make them industry-ready while bringing opportunities to their hometowns. This will help reduce migration to cities like Hyderabad, which is expected to face space constraints in the coming years, and aid in decongesting the city. This partnership with ITServe Alliance takes us a step closer to realizing this vision of balanced, sustainable growth for the entire state,” Sridhar Babu mentioned.
ITServe Alliance nationwide president Jagadeesh Mosali mentioned the MoU represents an thrilling alternative for ITServe member firms to increase their attain and contribute to the event of untapped expertise in Tier-2 and Tier-3 towns.
