The Telangana government has inked more than 28 memorandums of understanding with various companies, including Development Bank of Singapore, Cisco, Microsoft, YES Bank coinciding with the announcement of the new ICT policy 2016.

The MoUs were inked in the presence of Chief Minister K Chandrasekhar Rao and State IT Minister KT Rama Rao and Senior Cabinet colleagues and IT sector players and other industrialists.

These memorandums and letters of intent include setting up of technology centres, specialised training centres for skill upgradation, banking support services to start ups and manufacture of LED lights.

Under one such MoU, The Development Bank of Singapore, which is the largest bank in South East Asia in assets, plans to establish its first technology development centre for global support in Hyderabad. This is aimed at developing its internal IT requirements. It will eventually house about 1,500 employees.

Karvy has inked pact to set up a facility to house 5,000 employees required to support its IT infrastructure as a backbone. Value Labs proposes to invest ₹1,362 crore for establishing a facility that can employ about 10,000 professionals.

A number of agreements were inked to boost the professional capability of young engineers in the technology sector. These include pacts with Cisco, Microsoft India, C-DAC, Hysea, SAP, ICICI Foundation, Nasscom, University of Cambridge and TalentSprint.

Cisco and Paradigm IT plan to set up a Smart Cities Centre of Excellence at the T-Hub. Apart from working on areas of smart parking and smart lighting solutions, they propose to work with start-ups in developing solutions using IoT.

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