Telangana IT minister K T Rama Rao today said that the government would complete the second phase of T-Hub by the end of this year.
He made this announcement while responding to the questions raised by the members of the Assembly during the Question Hour of the ongoing Assembly session.
He said that T-Hub was formed in the state in November 2015, and had transformed into the largest incubator of the country during the last five years.
He added that the number of start-ups incubated in T-Hub had reached 2,000, and that more than 400 corporates had also launched their corporate innovations in the state through T-Hub.
He also claimed that the start-ups incubated in it had raised Rs 1,800 crore by using the incubator's support, and that around 25,000 people had benefited through these start-ups as they had got jobs in them.
He said that the government had spent Rs 276.22 crore to create another three-lakh-sft facility at Raidurg, the second phase of T-Hub, that could accommodate more than 1,000 start-ups and 4,000 persons.
The minister also said that the government was setting up IT hubs in Karimnagar, Warangal, Mahbubnagar, Nizamabad and Khammam districts of the state, too.
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