Ummid Assistant

Indian students in Germany need not pay to study: Envoy

Microsoft offers tech courses to Indian academia

Welcome Guest! You are here: Home Science & Technology

World-class media city to come up in Hyderabad

Thursday November 15, 2012 05:46:48 PM, IANS

Hyderabad: A world-class Media City will come up in Hyderabad to promote animation and gaming, Andhra Pradesh's Minister for Information Technology Ponnala Lakshmaiah said Thursday.

The state government has allotted 30 acres of land for the project, which is expected to provide an entertainment technology-based eco-system.

"Gaming and animation is a key sector which is coming up and to utilize the opportunity, the chief minister has given a go-ahead for a world-class Media City in Hyderabad," Lakshmaiah said while addressing eIndia 2012, billed as India's largest information and communication technology event.

The minister pointed out that Hyderabad is the largest film producing centre in the country. Last year out of 289 films made in India, 180 were produced in Hyderabad, he said.

The Media City initiative is aimed at tapping the huge animation and gaming market, both domestic and international.

The IT minister had last month said the proposed Media City at Raidurg near Hitec City would be on the lines of international media cities in Manchester, Montreal, and Dubai.

A state delegation led by the minister visited Dubai, Manchester and London from Nov 5 to 11 to gain first-hand knowledge of media cities. They held talks with the managements of the media cities and discussed various aspects of the projects.

In Dubai, the four-member delegation visited Dubai Media City, Dubai Studio City and International Media Production Zone.

The global market size for animation and gaming is expected to be $80 billion and $40 billion respectively during the current year. The market for animation and gaming development (combined) in India is estimated at $1 billion.

The US and the Europe remain the biggest markets for outsourcing animation and gaming related activities. Majority of the work from the US and the European markets are being outsourced to Manchester and Dubai media cities.

Talking about the IT and ITES as a whole, Lakshmaiah pointed out that Hyderabad ranks third globally in terms of cost of operations after Qinding in China and Subaya in Malaysia.

"There is no secret why over 18 million sq ft has been taken on lease by various companies operating in Hyderabad," he said.

The minister said despite the apprehensions voiced in some quarters over the growth of IT sector, 150 new units were registered during 2011-12. About 60 lakh sq ft office space was occupied as against 50 lakh sq ft during the previous year.

The total office space in Hyderabad during the current year is expected to reach 20 million sq ft, a growth of 15 percent over last year. The city accounts for 12 percent of the total office space in India.

Hyderabad is home to 1,200 IT companies including all top 500 global firms like Microsoft, Google, Facebook, Amazon, Deloitte, Accenture and IBM. The state has about 300,000 IT professionals and the sector is also providing 12 lakh indirect jobs.

An Information Technology Investment Region (ITIR) has also been approved in Hyderabad, which will create an employment for 15 lakh people over the next 25 years.

The ITIR will be coming up with an investment of Rs.2,300 crore in external infrastructure. It will have 50,000 acres of IT and ITES area.

Three hardware clusters are also proposed in Andhra Pradesh and they would be the first under the new policy of the central government.

 










 


 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

I

More Headlines

Muslim leaders urge Suu Kyi to end silence on Myanmar violence

Ethica releases free e-book on Islamic finance

Neural connection in Type 2 diabetes, says study

Hamas vows to retaliate after losing military wing chief in Israeli airstrike

Shiv Sena chief Bal Thackeray reported serious

PM, Suu Kyi discuss democratic process in Myanmar

Opposition to target FDI in retail in parliament

Man dies after constable forces him to drink alcohol

Four found murdered in Maharashtra farmhouse

Congress hits back at MIM over communal charge

Farmers' agitation: One injured in police firing

Class 2 boy's body found in drain

 

Top Stories

Death toll mounts, scores injured as Israeli airstrike on Gaza continues

The death toll on Thursday was at least 11 Palestinians killed from Israeli strikes on Gaza, while Israeli media are reporting that three  

Hamas vows to retaliate after losing military chief in Israeli airstrike

Israeli forces launch fresh airstrikes on Gaza

 

  Most Read

Xi elected CPC Central Committee general secretary

Xi Jinping, who was Thursday elected the powerful general secretary of the Central Committee of the Communist Party of China (CPC), introduced here the new leaders who would lead  

Muslim leaders urge Suu Kyi to end 'disappointing' silence on Myanmar violence

Disappointed by her continuous silence on the plight of Rohingya Muslims and the violence against them, the Indian Muslim leaders Wednedsay  

PM, Suu Kyi discuss democratic process in Myanmar

 

  News Pick

Opposition to target FDI in retail in parliament

With the CPI-M joining in, the opposition Wednesday sent a strong message of its intention to target the government in the winter session  

Political masterstroke to revive PM's reformer image: Analysts

Disrespect to national anthem: Kerala HC allows trial against Tharoor

The minister for state for human resource development termed the case against him as "malicious". The incident took place Dec 16, 2008, during a meeting at Kochi where Tharoor 

China's leadership change: Xi, Li move towards power

Xi Jinping and Li Keqiang Wednesday moved closer to taking over the reins of power in China, one of the world's strongest economies, as the Communist Party of China (CPC) elected a new 18th CPC Central Committee to lead the party in the next five years and backed reforms.

Nominations for Islamic economics research prize launched

The award committee of Prince Mohammad Al-Faisal Prize for Research in Islamic Economics at Effat University in Jeddah  

 

Picture of the Day

President Pranab Mukherjee at the National Education Day 2012 function to commemorate the birth anniversary of Maulana Abul Kalam Azad, in New Delhi on November 11, 2012.

(Photo: Sanjiv Misra)

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.