Telangana government goes for new financial districts


By Accommodation Times News Service

The demand from the Corporates, Banks and other financial services institutions is taking a huge leap in the growth making Telangana government to develop 50acres spread financial district. It seems that 75-acre of the district hub is completely saturated.

Information Technology Secretary Jayesh Ranjan said, Ahmedabad has created some fantastic infrastructure called Gujarat International Finance Tec-City (GIFT) but in terms of technology, Mumbai and Ahmedabad do not match up to Hyderabad. Today’s financial world is driven by technology and since Hyderabad has a proven record in technology promise, we want to become the new BFSI capital, challenging Mumbai and Ahmedabad. The second financial district is part of this larger plan to re-position ourselves and other facilities to the corporates.

The Telangana State Industrial Infrastructure Corporation Ltd is looking such as Pup Palguda, Tella pur and Nagu Lappali for the proposed project.

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