Atal Bihari Vajpayee, who was India’s prime minister at the time, and Nara Chandrababu Naidu opened the Cyber Towers in November 1998 as part of the HITEC City’s inauguration. His government also focused on providing infrastructure, such as roads, safety and resilience, transportation, telecommunications, IT parks, and five-star hotels for the delegates’ meetings and accommodations, as well as the HITEX International Convention and Exhibition Center, in anticipation of the growth of technology in the future.Get More Updates on Latest TDP News
In order to achieve this, Naidu once came up with the catchphrase “Bye-bye Bangalore, hello Hyderabad,” and his administration allotted land and built the foundations for important IT parks like L&T Infocity Ascendas Park, Cyber Gateway, Raheja Mindspace Madhapur IT Park, and CyberPearl IT Park in order to benefit from the boom in the IT sector. Bill Gates was persuaded by Naidu’s brief PowerPoint presentation to locate Microsoft Corporation Research and Development (R&D) in Hyderabad, the company’s second-largest research and development facility, during a press conference to discuss his plan to develop the state of Andhra Pradesh by making the major cities showcases for foreign investment, particularly in “key sectors such as information technology, biotechnology, healthcare, and various outsourcing services.”
The Cyberabad Development Authority (CDA), a special enclave for the location of IT companies, research institutions, and ancillary services around the current HITEC City region in Hyderabad, was established by the Naidu administration in 2001. 52 km2 in size and encompassing the townships of Madhapur, Gachibowli, Kondapur, Manikonda, and Nanakramguda in the western part of the city, CDA CDA was designed as a self-contained enclave offering upscale amenities like gated residential housing, intelligent buildings, shopping malls, and transportation facilities, among others.
According to a number of national and international surveys, Hyderabad became India’s IT Hotspot in 2002 and was ranked first among the country’s major cities for its ability to compete for businesses. The Nara Chandrababu Naidu government’s economic reforms and new policy initiatives helped Hyderabad become more urbanized, and with big tech industry jobs in hand, consumer purchasing power has increased. As a result, the area has seen significant real estate developments, gated residential apartments, food and restaurants, intelligent business offices, cinemas, and shopping malls. Naidu is also working to make HITEC City India’s first and largest cybercity.Know TDP Achievements and more on our Official site.