Technology development in telegana
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The Indian state of Telangana has a significant amount of software export in India. While the majority of the industry is concentrated in Hyderabad, other cities are also becoming significant IT destinations in the state. In Hyderabad, the central region of the business happens in HITEC City, in the Madhapur suburb. Initiation and Development of HITEC City by the then-chief minister N. Chandrababu Naidu prompted several IT and ITES companies to set up operations in the city, and also rename the city as "Cyberabad" by Mr Naidu. Mr N. Chandrababu Naidu persuaded Microsoft CEO Bill Gates to set up its first development center out of Redmond, Seattle in Hyderabad. There have been extensive investments in digital infrastructure in Telangana.[citation needed] As of 2020, Hyderabad has 600,000 employees in the IT/ITES sector, working in more than 1500 companies.
The IT exports from Hyderabad (Telangana) stood second in the country at ₹128,807 crore (US$ 15 billion) in FY 2019-18 improving from previous year ₹109,219 crore ($14 billion, 17.93% CAGR) in FY 2018-19.