The Information Technology (IT) Tower project at Malakpet area in the Old Hyderabad has not taken off even a year after its foundation was laid.
The foundation stone for the IT Tower, which was expected to cater to the old city and provide 50,000 jobs to youth, was laid last year by then IT Minister K.T. Rama Rao just before the Assembly elections.
However, due to a change of guard following the defeat of Bharat Rashtra Samithi (BRS), uncertainty has hit the project. No steps have been taken by the Congress government during the last one year to take the project ahead.
Rama Rao had laid the foundation stone for the project in the presence of Hyderabad MP and All India Majlis-e-Ittehadul Muslimeen (AIMIM) president Asaduddin Owaisi.
It was then announced that the IT tower named iTEK Nucleus would be completed in 36 months. To be constructed at a cost of Rs.700 crore, this was designed to be the first IT building in in Muslim majority old city.
Planned in an area of about 11 acres, the 21-storey tower was designed with office space of 15 lakh square feet. The then IT Minister had announced that the facility will have IT space of 5.5 lakh square feet while the remaining will be for non-IT.
Rama Rao had promised to bring a leading company as anchor for this facility. He said he would talk to Microsoft, Deloitte, Amazon and other major companies….
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