Telangana government to support mid-scale IT companies

HYDERABAD: To help small and midscale IT enterprises that have been struggling to stay afloat in the times of Covid-19, the Telangana government has decided to allocate many of its IT projects to such players.
Announcing this at the session on ‘IT/ITeS: Time to log back into the growth story’ on day one of the TOI conclave `Reboot Telangana: Making Telangana Future Positive’, Telangana IT principal secretary Jayesh Ranjan said the state government will also help them upskill and reskill their employees by bearing all the expenses and offer rental-free spaces in tier 2 locations for their operations.
ZenQ CEO Murali Bollu pointed out that mid and small players haves been hit hard, with some of them having to either shut shops or lay off staff. “There is no safety net for 44 lakh IT employees in India…we should consider creation of unemployment insurance,” he added.
V Laxmikanth, national chair-GCC Council, Nasscom, said the adoption of extensive WFH strategy by IT companies has demonstrated that they can have distributed workforce and talent can be location agnostic. Pegasystems India managing director E Suman Reddy said while WFH has so far proved beneficial in ensuring continuity of operations and employee productivity has improved, time will tell if this trend will continue .
Micron Technology India MD Anand Ramamoorthy urged the government to look at a new set of incentives/grants for motivating companies to skill talent in new technologies, while Hysea president Bharani Kumar Aroll said IT industry is grappling with both supply and demand side challenges. TCS senior VP and global head (tech business) V Rajanna said the current EoDB framework must also take into account investments made by existing players in the state.