Fractal, InRhythm to be anchor units at Hyderabad data analytics park

Source: the hindu business line
HYDERABAD, JULY 8:  

A dedicated Big Data Analytics Park is coming up in Hyderabad over an area of 50 acres. Fractal Analytics, founded by Srikanth Velamakanni, and Pittsburgh (US)-based InRhythm, are going to be the anchor units at the Park.

___________________________________________________

HMDA Approved Plots Hyderabad

www.hmdaplots.blogspot.in

___________________________________________________

"We are trying to build an ecosystem for Big Data Analytics companies. We have signed agreements with the two companies in this regard. We are going to establish this Park near the Data Centre Campus that we are planning to set up," Telangana IT and Industry Minister K T Rama Rao has said.

Under the agreement signed last year, InRhythm agreed to groom talent in Big Data Analytics, the sunrise industry that holds huge promise.

"We would like to locate the Park outside the IT hub of Gachibowli in order to decongest the area and expand the growth of the IT industry into other parts of the city," he said, on the sidelines of an event where inaugurated development centre of Jade Global here on Friday.

With a view to providing financial help to the small and medium enterprises in the IT sector, the government is planning to establish a fund in the public-private partnership.

"There are some agencies like SIDBI that provide financial help to the SMEs. But there's none to support to the SMEs in the IT sector. We are considering a plan to help set up such a fund that can provide loans at lower interest rates and free of hassles," he said.

The government will establish a dedicated signature tower for IT SMEs in the IT Hub of Madhapur. "It is likely to come up at Rayadurg and will provide physical and IT infrastructure for small and medium firms," he said.