Introduction:
Nanakramguda, located in the western suburbs of Hyderabad, Telangana, has emerged as a prominent hub for information technology (IT) and financial services. The Telangana State Industrial Infrastructure Corporation (TSIIC) has played a pivotal role in developing this area into a thriving IT corridor.
Key Features of Nanakramguda IT Park:
- Strategic Location: Situated within the Financial District, Nanakramguda offers excellent connectivity to major IT hubs like HITEC City and Gachibowli, facilitating seamless business operations.
- Infrastructure: The area boasts state-of-the-art office spaces, commercial complexes, and residential developments, providing a conducive environment for businesses and professionals.
- Major IT Parks and Buildings:
- WaveRock SEZ: A 2.5 million square foot Information Technology-SEZ in Nanakramguda covering about 12 acres.
- TSI Business Parks: Hosts several multinational corporations, contributing significantly to the region’s economic growth.
- Economic Impact: The development of Nanakramguda has attracted numerous global IT and IT-enabled services companies, contributing significantly to Hyderabad’s economy and establishing the city as a major IT destination in India.
The transformation of Nanakramguda into a leading IT and financial services hub underscores Telangana’s commitment to fostering industrial growth by creating specialized clusters that provide modern infrastructure, attract investments, and generate employment opportunities, thereby contributing to the region’s economic development.
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