Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-11

Telangana govt plans to set up incubator for start-ups

The Telangana government plans to establish the “country\\\\\\\'s largest” incubator for start-ups and make entire Hyderabad Wi-Fi enabled, as it seeks to shrug off the slowdown in the information technology sector.

The Telangana government plans to establish the “country's largest” incubator for start-ups and make entire Hyderabad Wi-Fi enabled, as it seeks to shrug off the slowdown in the information technology sector.

 

Telangana Information Technology Minister K T Rama Rao said that the incubator would be set up in collaboration with institutions like the Hyderabad-based International Institute of Information Technology and Indian School of Business, besides technology partners from the industry.

 

"We are creating the country's biggest incubator facility where new ideas, innovations, research and development will be nurtured and nourished. We will create an environment where the government will even look at the possibility of providing seed capital as well," Rao said.

 

He said that he is also actively examining a proposal to make Hyderabad a fully wi-fi enabled city to ensure that common man and information technology companies benefit.

 

"These two ambitious goals (incubator and wi-fi initiative) shall be pursued in the next six months," he said.

 

Rao admitted that the investment climate had slowed down in recent years and government initiatives are now needed to boost investor sentiment. "At this point, the ecosystem here needs a further push from the government. Last five years saw a slowdown in the general investment environment," he said.

 

Rao said that he is meeting existing investors in Hyderabad to ensure that they expand operations in the city and focus on increasing infotech exports.

 

The minister said that he is also talking to small, medium and big companies to encourage them to be back in what he called "big time action". 

 

He said that the Telangana government intends to formulate infotech and industry policies with inputs from industry and already had a dialogue with National Association of Software and Services Companies (NASSCOM) and Confederation of Indian Industries (CII).

 

A single window clearance cell would be formed, attached to the Telangana Chief Minister's office to ensure that all investment proposals are cleared at a single point, he said.

 

Rao, who also holds the Panchayati Raj portfolio, said the Telangana government plans to put in place a grievance redressal mechanism in every mandal. Under the planned three-tier structure mechanism, whatever issues do not get resolved in around 20 days would be directly reviewed by the Telangana Chief Minister.

 

The Telangana state government is also working on an electronic panchayat proposal through which basic services such as community, death, income and land records certificates would be issued at the panchayat level itself, so that people need not travel several kilometres and go to mandal or block offices to get such certificates, he said.

Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • HR & Recruitment
    About Us: Jobjabs is the pioneer of organized recruitment services in..
    Locations looking for expansion Uttar pradesh
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 50 K - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Quick Service Restaurants
    About Us: The only nationalised Chinese wok Quick Service Restaurant (QSR)..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts