KTR Extends a Warm Welcome to Women’s Bill:
BRS working president and IT minister K.T. Rama Rao (KTR)expressed his approval on Wednesday for the passage of the women’s quota Bill, considering it a step in the right direction towards involving women in policymaking.
During the launch event for the redeveloped International Tech Park Hyderabad (ITPH) by CapitaLand Investment Limited (CLI), K.Rama Rao (KTR) welcomed Singapore Parliament Deputy Speaker Jessica Tan.
CLI, a prominent global real estate investment manager, initiated operations at the newly revamped International Tech Park Hyderabad (ITPH) as part of its first phase. The Block-A office building within the business park has secured 100 percent lease commitments from major global corporations. Additionally, a groundbreaking ceremony marked the commencement of a 40-megawatt (MW) data center development within ITPH.
CapitaLand India Trust (CLINT) is set to invest in the comprehensive redevelopment of ITPH, to be executed in phases over the next seven to ten years. Once completed, ITPH will offer 4.9 million square feet of Grade A+ office space, accommodating more than 50,000 IT/IT-enabled Services (ITeS) professionals.
Thus far, over $1.5 billion (equivalent to more than Rs 12,000 crore) has been invested in Hyderabad, with an additional $600 million earmarked for future investments, as announced by the company.
K. Rama Rao (KTR) emphasized CLI’s commitment to establishing top-notch business parks and data centers in Hyderabad, aligning with the city’s burgeoning IT sector. Given Hyderabad’s growing appeal to global corporations, he expressed dedication to providing the necessary infrastructure and support for these companies to thrive. He also encouraged the company to consider investing in sectors such as manufacturing, logistics, life sciences, and warehousing, making Hyderabad a comprehensive hub.
Sanjeev Dasgupta, CEO of CLI India and CEO of CLINT, stated that Hyderabad is among the fastest-growing markets for CLI in India, with nearly three decades of experience. CLI currently operates 12 business parks across six Indian cities, three of which are in Hyderabad. These parks have consistently achieved a strong average occupancy rate of nearly 90 percent, accommodating over 150,000 professionals from both multinational and local companies.
As part of Phase-1 operations, the 1.4 million square feet Block-A office building has secured lease commitments from global corporations, including Bristol Myers Squibb, Ernst & Young, Tata Consultancy Services, VXI Global, US Technology, Warner Bros. Discovery, ANSR Global Corporation, Cloud4C Services.
The ITPH data center, spanning 3 lakh square feet in built-up area, will feature advanced technology specifications to serve international hyper-scalers and large enterprises.
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