Nod to AP to set up ITIR

The Cabinet Committee on Economic Affairs has approved setting up of Information Technology Investment Region (ITIR) near Hyderabad subject to fulfilling certain conditions. The Ministry of Road Transport & Highways, Ministry of Urban Development and Ministry of Railways will be initiating a detailed feasibility study and action. The total investment for the ITIR will be about Rs 2.19 lakh crore of which the IT/ITES sector will attract investments of Rs 1.18 lakh crore and the electronic hardware manufacturing sector of Rs 1.01 lakh crore.