‘Hyderabad will be home to $50b IT industry by 2025’

November 22, 2014 12:33 am | Updated 12:33 am IST - HYDERABAD:

Representatives of the IT industry from the city and other parts of the country portended a healthy growth for the industry in next few decades.

 Speaking at the 25th anniversary celebrations of the National Association of Software and Services Companies (NASSCOM), they said Hyderabad was on the path of healthy growth, with the scope to create massive job opportunities in the future.

 “Hyderabad was a late entrant to the IT industry, but it is poised to grow to $50 billion by 2025. The IT industry has benefited the youth in the city massively,” said NASSCOM vice-chairman B.V.R Mohan Reddy.

Hyderabad’s IT industry currently employs 14.5 lakh, which is set to increase in the coming years.

 Mr. Reddy recounted contributions made former chief ministers of undivided Andhra Pradesh N. Chandrababu Naidu and Y.S. Rajashekar Reddy. He said the two were responsible for making Hyderabad what it is today. Members of NASSCOM also recounted the beginnings of the association in 1989.

They said the IT industry and NASSCOM are inseparable in building brand India. The association also paid tributes to its first president Dewang Mehta through a film dedicated to the growth of NASSCOM and the growth of the industry.

 Telangana IT Secretary Harpreet Signh said the government was ever-prepared to support the growth of the industry.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.