120 crore hardware park coming up in Hyderabad

Rs 120 crore Hardware park coming up in Hyderabad

Shamshabad about 40 Kms from Hyderabad is soon going to have a model estate for hardware manufacturers in a sprawling 4,000 -acre land. The Andhra Pradesh State Industrial Infrastructure Corporation Ltd(APIIC) ,a state enterprise has been asked to design and develop the park on par with the International standards.

APIIC will facilitate and enable the provision of basic infrastructure ,and will extend its invaluable learning's chronicled while establishing more than 270 industrial estates and software parks with private sector participation. Among APIC's outstanding ventures are the Hi-Tech City ,Indian institute of Information Technology(IIIT)

The initial investment for the project is estimated to be around 120 crore and the government has plans to invite IT giants to this model estate, where all the required state-of -the -art facilities will be developed.

The main objective of the park is to support the software operations in the country and attract MNC's and other IT giants to strengthen the country's status in the Information technology.

Incidentally, Catalysts Solutions Ltd and Team Asia have recently come to Hyderabad and expressed their interest to take 200 acres each at a cost of Rs 3 lakh per acre in the park.

-May29'00