Cisco to Take Up Pilot Project for Hyderabad Smart City

Source: Indo-Asian News Service, NDTV. Dt: 21.7.16

Cisco Systems, a global major in planning, designing and implementing smart cities, and its technology solutions partner Paradigm Mtuity, will implement a pilot project under Hyderabad Smart City.

The Telangana government, Cisco and Mtuity have come together to plan Hyderabad Smart City by identifying relevant technology interventions/use cases.

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Under the memorandum of understanding signed with the state government here on Thursday, the two companies will implement the pilot project near the bustling Hitech City to showcase real benefit of implementing smart solutions and the impact of technology on society and human well-being.

The MoU was signed by the officials of the state government and representatives of the two companies in the presence of Telangana's Information Technology Minister K.T. Rama Rao.

Cisco India MD Purushottam Kaushik, Telangana's IT SEcretary Jayesh Ranjan, and Greater Hyderabad Municipal Corporation (GHMC)Commissioner Janardhan Reddy were present at the MoU signing.

"In due course of time, the results of the pilot phase will be carefully studied by key government officials to advise Cisco and Mtuity on the technology interventions/use cases most relevant for bigger expansion across multiple pockets of Hyderabad city," a government statement said on Thursday.

The use cases proposed to be implemented during the pilot project include smart Wi-Fi, smart parking, enforcement to detect no-parking violations, smart lighting, smart transport, smart kiosks, remote expert governance services, citizen services portal and citizen app.

In April, another MoU was signed by the state government with the two companies to foster innovation in Internet of Things and Smart Cities.

Tata STRIVE launches skill development centre in Hyderabad

Source: Times of India  18.7.16

Hyderabad, July 18 (IANS) The first Tata STRIVE Skill Development Centre (TSSDC) centre was launched here on Monday.

Spread over 17,000 square feet, this state-of-the-art centre will skill youth in Telangana in the BPO, banking, financial services, insurance and retail industries.Tata STRIVE, an initiative of Tata Community Initiatives Trust, and the first Group CSR programme of the Tata group, addresses the need of skilling youth for employment, entrepreneurship and community enterprise.

The facility was inaugurated by state Information Technology and Industries Minister K. Taraka Rama Rao along with Madhu Kannan, Member-Group Executive Council, and Group Head for business development and public affairs, Tata Sons, and Anita Rajan, COO, Tata STRIVE and Vice President, Tata Sustainability Group.

With the mission to build capacity to train youth for employment, entrepreneurship and community enterprise, Tata STRIVE transforms youth into an employee/entrepreneur through behaviour change, knowledge acquisition and skill development, said a statement.

Located at Kukatpally, the centre has ten classrooms/labs which can accommodate up to 240 studentsAat any given time. The training programmes range from 6 to16 weeks, and includes on-the-job training. At the end of the course, successful candidates are presented with a certificate, which is recognised by the National Skill Development Corporation (NSDC), and is aligned with various Sector Skill Councils and Tata STRIVE standards. These candidates are also assisted to get livelihood opportunities.

Tata STRIVE is present in 13 Indian states across 70 centres through partner centres as well as Tata STRIVE Skill Development Centres in Mumbai, Hyderabad, Mohali, Pune and Aligarh.

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.

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"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.

US infotech firm Jade Global opens facility in Hyderabad

Source: Indiatoday & PTI  8.7.2016

Hyderabad, Jul 8 (PTI) US-based Jade Global Software today launched a mid-enterprise IT services facility here, and said it has chalked out aggressive growth plans to reach its target of USD 100 million revenue by March 2021.

The facility was inaugurated by Telangana IT Minister K T Rama Rao along with Karan Yaramada, CEO of Jade Global.

"This new 11,000 sq ft facility will help Jade ramp up its focus in the areas of analytics and information management (AIM), enterprise resource planning (ERP), managed services (MS), technology and engineering services (TES) and customer relationship management (CRM)," a company release said.

"We are essentially investing heavily towards enhancing our existing offerings and adding new facilities that will help ramp up our IT services to our growing list of mid-size enterprises worldwide.

"We are starting our Hyderabad centre with a capacity of 100 employees now. In the next five years, our goal is to increase this number by five-fold," Yaramada said.

"We recently closed a deal with large Germany-based automobile company in India to automate their business processes. This deal will bolster our growth in the domestic market as we increase efforts to expand our client base in the Indian market."

"With current revenues of USD 30 million, Jade Global has chalked out aggressive growth plans to reach its target of USD 100 million revenue by March 2021," he said.

"Currently, we generate about 40 per cent of total revenue from our India operations. Our plan is to increase the revenue contribution to 60 per cent in the next two years."

Recently Jade Global established its footprint in Europe with a new office in the UK. "We are adding people everyday across three continents to augment our growth and expand our 600-member global IT Innovation team," Yaramada said.

San Jose, California-based Jade Global is an advisory, integration, testing, cloud & consulting services, business solutions and IT outsourcing company. PTI VVK RSY SMJ

Frankly speaking: No impact of Amaravati on Hyderabad realty

Source: The Hans India  8.7.16

Hyderabad: Contrary to the prevailing perception in some quarters, global property consultancy major Knight Frank is of the firm view that Amaravati, the proposed new capital city of Andhra Pradesh, would not have any adverse impact on the growth of the real estate sector in Hyderabad.

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The London-based firm which operates in India through its subsidiary Knight Frank India is now in the process of bringing out a comprehensive report on the realty sector – both residential and commercial – in Amaravati in a month and so. 

Recently, it released 'India Real Estate H1 2016', a half-yearly report on the performance of the real estate sector in eight major cities of the country, including Hyderabad. "Hyderabad has already moved into a league of its own and is among the top eight cities in the country. 

So, we don't see the development of Amaravati leaving any adverse impact on the city's real estate sector," Vasudevan Iyer, Branch Director-Hyderabad, Knight Frank India, told The Hans India.
According to him, the real estate markets in Hyderabad and Bangalore started at around the same time. 

"At present, Bangalore is absorbing 10-12 million square feet (sft) of space every year, while in Hyderabad it has gone up to 5 million sft from 3 million sft. By the time Amaravati gets right ecosystem for the development of real estate, the Hyderabad market will expand to 6 million sft of construction space that will be absorbed every year. So, Hyderabad will be five to seven years ahead of Amaravati at any given point of time," he explained. 

Iyer pointed out the lack of malls and other requisite infrastructure in Amaravati, which, he said, could have a bearing on the growth of both commercial and residential property there. "However, Amaravati will definitely have its own market. 

As an organisation, we strongly believe that Amaravati will spring up and there is a very good chance of the city going up. It's going to be a beautiful city," he observed. He further said that Knight Frank would come out with a special report on Amaravati soon. 

"We are going to come out with a specific report on Amaravati in the next one-and-a-half months. We would like to address all the issues in the report," Iyer said.

By: P Madhusudhan Reddy

HYDERABAD BEATS METROPOLITAN CITIES IN DEMAND FOR OFFICE SPACE: CUSHMAN & WAKEFIELD

Source: Sakshi Business 5.7.16 

Hyderabad: At a time when metropolitan cities are suffering from either modest or decline in demand for office space, Hyderabad is leading the country as commercial space requirement is rising significantly.

During the first half (H1) of 2016, Hyderabad recorded a whopping growth of 55 percent during the first half thanks to the efforts of Telangana government for creating infrastructure and framing an industry-friendly TSiPASS. During the period, the net demand for office space across eight cities fell 18 percent.

According to a latest report by real estate consultancy firm Cushman & Wakefield, the Telangana government's efforts to create more visibility for 'Brand Hyderabad' in fact generated more demand for office space in H1 2016. During the past two years, Telangana government has succeeded in improving the business climate in the State and more particularly Hyderabad.

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As a result, Hyderabad witnessed more demand for office space to the tune of 2.9 msf (million square feet), a 55 percent increase when compared with the corresponding period in 2015.

The report observed that competitive rentals in the city, quality infrastructure and a proactive government are major attractions for global companies for setting up offices in the city.

Cushman & Wakefield in its reports further forecasts that Hyderabad continues to witness a strong demand for office space from the IT-ITeS sector. Three global majors accounted for office space of 7.89msft during the first half. The top three transactions during the first half of 2016 came from Amazon with 3.5 lakh sft in Madhapur, Value Labs with 2.25 lakh sft in Gachibowli and JP Morgan with 2.14 lakh sft in Madhapur.

During the first half of 2016, Chennai suffered a steepest fall of 51 percent in net absorption to 0.6 msf, while Bengaluru's net absorption fell by 34 percent to 4.5 msf. Overall, the net absorption of office space declined by 18 percent year-on-year (y-o-y) at 14.5 msf across the top eight cities.

The first half of the year was marked by unavailability of quality Grade A space in many cities. Other cities recorded small-sized deals during the first half. This caused a steep fall in the overall net absorption. Delhi - NCR recorded a growth of 39 percent, Ahmedabad witnessed a rise of 27 percent and Kolkata grew 10 percent in net absorption of office space in the first half of the year.

Real estate on a comeback mode: CBRE report

Source: The Hindu  2.7.2016

Hyderabad's real estate is turning out to be a leading market in south India, according to the CBRE India's latest report. Titled, The Comeback of Hyderabad , the report projects the city as regaining prominence as one of the leading destinations for the real estate. The report lists out political stability, State Government's pro-active policies, growing occupier demand, improved infrastructure, quality educational institutions and the availability of a large talent pool as the reasons for bringing back attention to the city's real estate market.

Anshuman Magazine, Chairman and MD, CBRE South Asia Pvt. Ltd. Said: With the various investor-friendly policies initiated by the State Government, and the planned infrastructure development, Hyderabad will be a destination of choice for a number of corporates looking to expand or enter the south India market. The proposed infrastructure development planned for the city is creating a conducive environment and will spur further investment inflow into the city and the State. According to the report, the IT/ITeS boom several years ago, coupled with the development of HITEC city, has made Hyderabad the preferred location for technology firms to set up their operations. In 2008, office stock stood at 23 million sq. ft., and by 2015, this had doubled to approximately 47 million sq. ft. Total organised retail space in the city stood at 2.7 million sq. ft. as of June 2016, majority of which is concentrated in western and central Hyderabad. This is likely to go up by almost 4 million sq. ft. of additional supply in key markets over the next two years paving way for the entry of global retailers into the city.