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The state has been focusing on geographical divergence by encouraging IT companies to set up units in major tier-II towns. Rather than concentrating on a select few cities, such a move will enhance economic activity across several districts.

Telangana has consistently performed well in promoting and nurturing the Information Technology/ITeS industry. The state government has laid emphasis on the IT sector ever since the formation of Telangana seven years ago.

The youngest state has achieved a manifold growth in terms of IT exports — 14.25 percent CAGR since the formation of the state — and employment generation, thanks to factors such as good civic infrastructure, connectivity, law and order, and a business-friendly environment. Measures taken to combat the COVID-19 pandemic too to maintain a steady growth in the IT/ITeS sector.

The Department for Promotion of Industry and Internal Trade (DPIIT) of the Ministry of Commerce, which , has rated three industrial parks in the IT sector in Telangana — Financial District IT, Hyderabad Knowledge City, and HiTech City IT Park Madhapur — . Leaders are Industrial Parks and Special Economic Zones registering the highest level of performance, while Challengers are those who performed ‘quite close to leaders’, but marginally lower at the aggregate level. Aspirers are parks and SEZs that need significant interventions in the future to improve their performance.

What’s more interesting is that Telangana has surpassed the national average growth in software exports. The state government has claimed that the exports from the state have more than doubled the national average in percentage terms.

India recorded a four percent growth in exports of software services (excluding exports through commercial presence). It is estimated at , according to Reserve Bank of India (RBI). The total exports were estimated at Rs.9.92 trillion in 2020-2021 from India.

According to the Software Technology Park of India, software exports by units registered with it to reach Rs 5 trillion ($67.4 billion) in FY21 from Rs 4.66 trillion ($62.82 billion) in FY20.

Telangana achieved a growth of 12.98 percent in the IT/ITeS exports in the same period. It posted a record Rs 1.45 trillion ($~19.45 billion) software exports in 2020-21 as opposed to the Rs 1.28 trillion in the previous year. Employment generation in the IT/ITeS sector too over 2019-2020.

As opposed to Telangana, the STPI-Pune, has achieved estimated exports of little over Rs 1 trillion in 2021. Estimates of exports from the region — STPI Pune directorate covers Maharashtra and Goa — are .

In terms of absolute numbers, the total number of employees in IT/ITeS in Telangana has increased . Across India, this sector saw 138,000 new hires in 2020 — that’s ~33 percent of the national hiring in this sector was done by companies in Telangana. This is a reflection of the state’s IT prowess.

In addition to attracting large investments from global giants in the IT/ITeS space, Telangana also boasts the presence of marquee companies such as Apple, Google, and Amazon. Salesforce, Goldman Sachs, Fiat Chrysler Automobiles, OPPO, MassMutual, and the National Payments Corporation of India are among the many who have announced investments in the state.

The state has been focusing on geographical divergence by encouraging IT companies to set up units in major tier-II towns. Rather than concentrating on a select few cities, such a move will enhance economic activity across several districts. An incubation centre with 1,400 seats capacity has been made operational in Warangal, while a 556-seat IT tower in Karimnagar with 80,000 sq. ft space opened in July 2021.

The state government has completed IT tower in Khammam, and similar towers are coming up in Nizamabad, Mahbubnagar, and Siddipet.

The state government’s push for startups, through its T-Hub incubation centre, has helped as investment since 2015. The second phase of this project is set for inauguration.

Software program Expertise Parks of India (STPI), an organisation underneath the Ministry of Electronics and Info Expertise (MeitY), AIC STPINEXT Initiatives (STPINEXT) have signed a tripartite non-financial MoU with SINE-IIT Bombay for fostering entrepreneurship and nurturing tech start-ups.

STPI has been working for creation of start-up ecosystems within the nation by growing 25 Facilities of Entrepreneurship (CoEs) in rising applied sciences, an official press launch mentioned. The signing of the MoU with SINE-IIT Bombay will strengthen the collaboration for leveraging the latter’s experience and information to empower startups incubated at STPI Movement, Pune, study and garner expertise to scale up their ventures, STPI mentioned.

STPI MOTION, Pune is a site particular state-of-the-art facility for startups working in Autonomous, Related, Electrical and Shared (ACES) mobility at Pune. Setup by STPI, the CoE is having state-of-the-art incubation middle together with bodily laboratory in ACES and offers the mandatory help like coaching, mentoring, advertising, entry to funding assets, IPR/patenting help and different requisite help to the startups working on this area.

Talking on the event, Dr. Omkar Rai, DG, STPI mentioned, “The signing of MoU between STPI, STPINEXT and SINE-IIT Bombay will additional strengthen collaborations amongst numerous stakeholders. Startups incubated at MOTION CoE can massively leverage the experience and area information of SINE to rise the worth chain.”

Society for Innovation and Entrepreneurship (SINE)-IIT Bombay, setup in 2004, is without doubt one of the earliest incubators in academia which offers ‘begin to scale’ help for technology-based entrepreneurship and facilitates the conversion of analysis exercise into entrepreneurial ventures. It’s an umbrella group at IIT Bombay for fostering entrepreneurship and nurturing tech startups. It administers a enterprise incubator which offers ‘begin to scale’ help for technology-based entrepreneurship and facilitates the conversion of analysis exercise into entrepreneurial ventures.

Talking on the event, Prof. Subhasis Chaudhuri, Director, IIT Bombay mentioned, “The journey we’re starting in the present day is a notable step in direction of strengthening the startup ecosystem within the nation and enabling startups to leverage the advantages whereas they’re getting incubated and past after they need to remodel their profitable incubation right into a enterprise enterprise.”

STPI/STPINEXT has been always exploring associations with numerous companions from business, academia, monetary establishments, advisory our bodies and consultants to leverage their providers, information and experience for bringing comprehensiveness to the service portfolio of the CoEs, and this MoU will ship an all-embracing service to the incubated start-ups within the nation, a joint assertion mentioned.

The signing of the MoU with SINE, IIT Bombay will strengthen the collaboration for leveraging the latter’s expertise & knowledge to empower startups incubated at STPI Motion, Pune, learn & garner experience to scale up their ventures.

Software Technology Parks of India (STPI), an organisation under MeitY (Ministry of Electronics and Information Technology) has been working for creation of start-up ecosystems in the country and creating 25 Centres of Entrepreneurship (CoEs) in emerging technologies. STPI and AIC STPINEXT INITIATIVES (STPINEXT) have signed tripartite non-financial MoU with SINE- IIT Bombay on 12th October, 2021 for fostering entrepreneurship and nurturing tech start-ups. The signing of the MoU with SINE, IIT Bombay will strengthen the collaboration for leveraging the latter’s expertise & knowledge to empower startups incubated at STPI Motion, Pune, learn & garner experience to scale up their ventures.

STPI MOTION, Pune is a domain specific state-of-the-art facility for startups working in Autonomous, Connected, Electric and Shared (ACES) Mobility at Pune. Setup by STPI, the CoE is having state-of-the-art incubation center along with physical laboratory in ACES and provides the necessary support like training, mentoring, marketing, access to funding resources, IPR/ patenting assistance and other requisite support to the startups working in this domain. 

Speaking on the occasion Dr. Omkar Rai, DG, STPI highlighted, “The signing of MoU between STPI, STPINEXT and SINE, IIT Bombay will further strengthen collaborations among various stakeholders. Start-ups incubated at MOTION CoE can hugely leverage the expertise and domain knowledge of SINE to rise the value chain.”

Society for Innovation and Entrepreneurship (SINE), IIT Bombay, setup in 2004, is one of the earliest incubators in academia which provides ‘start to scale’ support for technology-based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures. It is an umbrella organization at IIT Bombay for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘Start to scale’ support for technology-based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.

Speaking on the occasion Prof. Subhasis Chaudhuri, Director of IIT Bombay said, “The journey we are beginning today is a notable step towards strengthening the startup ecosystem in the country and enabling startups to leverage the benefits while they are getting incubated and beyond when they want to transform their successful incubation into a business venture.”

STPI/STPINEXT has been constantly exploring associations with various partners from industry, academia, financial institutions, advisory bodies and experts to leverage their services, knowledge and expertise for bringing comprehensiveness to the service portfolio of the CoEs, and this MoU will deliver an all-embracing service to the incubated start-ups in the country.