Inauguration of IT Incubation Tower and laying of foundation stone of CYIENT at IT SEZ, Madikonda, Warangal

• Government of Telangana aspires to transform the State into a Knowledge Society and make available the benefits of Information Technology to the last mile of the State and to all citizens, especially those in rural areas, not only for providing gainful employment but also for over all socio-economic development.
• With Hyderabad as a role model, other Cities in the State of Telangana, i.e., Warangal, Karimnagar, Khammam etc are being developed as Tier-II IT Hubs. Special incentives are offered to IT industry to expand their business operations and move to Tier-II locations, which have definite cost arbitrage with abundant availability of physical, social infrastructure, talented skilled human resource, low standard/cost of living, etc., compared to other locations in the country.
• Warangal is fast emerging as a promising Tier II IT location in the State.
• Warangal is located 148 km north-east of the state capital of Hyderabad and is the administrative headquarters of Warangal District. It is part of a tri-city comprising of Warangal, Hanamkonda and Kazipet.
• The city is well connected by road through NH 202 which passes through it. Railway junction at Kazipet connects the city with the State capital. An airstrip in Mamnoor serves as the domestic airport in the city.

IT Incubation Centre

• In order to make Warangal an attractive IT destination for the IT companies to come, set up and grow their operations, the State Government has taken many pro-active initiatives including developing an IT SEZ in an area of 45 acres.
• The IT Incubation Centre which has been Inaugurated by the Hon’ble IT, Panchayat Raj & MAUD Minister Sri KT Rama Rao on 19.02.2016 is funded by the State Government and constructed by TSIIC in an area of 2 acres with a total built up area of 15,000 sq.ft to enable Start-up, Micro, Small and Medium IT companies to operate in a “Plug and Play” and hassle free environment.
• This IT Incubation Centre will provide direct & indirect IT employment to 1000 educated youth of Warangal.
• Out of the 15000 sq.ft, 6414.00 sq.ft in G+2 floors has plug & play facility with a capacity of 45 workspaces in the Incubation Centre.
• Tier II Locations offer significant advantage, in terms of cost of living, operations cost, availability of skilled human resources at low cost, low commuting time, etc. These locations account for over 25% saving, as compared to large cities. To further promote Tier II locations and to motivate ICT industry to set up their operations, the following specific incentives are offered by the State Government:
  1. Reimbursement of Quality Certification
  2. Power Subsidy/Category conversion
  3. Reimbursement of Stamp duty and Registration fee
  4. Patent Filing Costs
  5. Allotment of Government land
  6. Reimbursement of municipal taxes
  7. Reimbursement/sponsorship for the event
  8. 50% Exhibition stall rental cost
  9. Workforce Development:
     1. The Government of Telangana will create Non-IT skill development centre in Tier 2 city to train work force for support functions
     2. As a part of TASK, the Government will conduct Faculty Development program for colleges and training institutions located in that area
     3. Recruitment Assistance at the rate of Rs. 20,000 per employee for a minimum annual recruitment of 50 new IT professionals from the colleges located in Telangana. This assistance will be managed and disbursed by TASK
     4. Subsidy to first 5 anchor units employing more than 250 IT and 500 ITeS employees
  10. Apart from the above-mentioned benefits, the Government of Telangana is providing certain incentives to companies starting BPO operations in rural areas:
      1. 50% investment subsidy on fixed capital Investment
      2. Training subsidy
      3. 25% reimbursement on Internet and Telephone charges
      4. 100% exemption from payment of SD/EMD and cost of tender document

Foundation stone of CYIENT

Sri. KT Rama Rao, hon’ble IT, Panchayat Raj and MAUD Minister of Telangana laid the foundation stone of CYIENTs new facility in Warangal on 19.02.2016. Also present for the occasion were Sri. Kadiyam Srihari, Honorable Deputy Chief Minister and Minister for Education; and Sri. BVR Mohan Reddy, Founder and Executive Chairman of Cyient.

Cyient will be establishing the state-of-the-art Software Development Center in Madikonda IT SEZ of TSIIC.

The Cyient Software Development Center will be a geospatial technology center with advanced geographic information systems (GIS), remote sensing, and photogrammetry technologies, catering to a host of solutions for the transport navigation, utilities, and communications sectors. Additionally, the Software Development Center will have world-class spatial data analytics solutions to address the requirements of specialized geospatial data processing services, using light detection and ranging (LiDAR) and other point cloud technologies. The facility will support Cyient’s worldwide digital technology initiatives, including those in IoT, big data analytics, and smart cities.

Set in a sprawling five-acre campus, the planned Cyient Development Center will cover an area of 70,000 square feet, supported by high-speed data networks for real-time online transactions. Initially, the facility will commence operations in April 2016 at the incubation center of TSIIC. Employing approximately 1000 professionals over the next 18-24 months, Cyient expects the initiative to contribute to the development of the region and bring technology industry into tier 2 towns like Warangal.