It is the endeavor of a US-based Small and Medium Enterprises Consortium (SMEC)
to create a world class facility that supports the opertions that is comparable
with the facilities enjoyed by the large corporations.
It was the brainwave of the SMEC to create an unparalleled IT infrastructure
which shall cater to the needs of over 200 to 500 companies who are keen to
establish their base offices and Software development centers in Hyderabad.
The IT park shall be gradually
constructed in multiple phases over 500 to 600 acres of land having the
following facilities for the companies :
There would be an enterprising Business District with about 4 Million Sqft of
Office Space , a convention center and an International Star Hotel
The IT park would soon boast of a self sufficient residential District with
about 6000 apartments (12 Million Sqft), 1M sqft of Row Houses, 1M sqft of
independent houses along with a club house .
To make the park complete , a busy but posh market place shall be there which
will have all the shopping complexes and entertainment center etc. for the
employees of the companies.
Last but not the least, the main focus would be on a distinctive Education
Center with State of art schools and Training institutes.
The enterprising consultancy group McKinsey , has wisely estimated that by 2008
India's software, services and IT outsourcing industry would be worth $ 70
billion annually. It is hoped that in the next 2-3 years about 1 lakh indirect
jobs are created in this process by employing four million people and
contributing 7 percent to the Gross National Product.