IT and electronics firms can expect land bonanza

xHyderabad: The Fab City cluster at Tukkuguda on the city’s outskirts is in for a major reset, with the state government deciding to utilise the long-idle land for IT, electronics and energy-storage units along with renewed focus on semiconductor manufacturing.

Sources said the objective is to draw investments of Rs 5,000 crore within a year by creating fresh IT, electronics and energy-storage clusters across the corridor. The land has remained unused for over a year after the Centre, on the state’s request, excluded 922 acres of Fab City land from special economic zone (SEZ) status to make way for diversified industries.

Once operations begin, officials project that the units could generate nearly 15,000 direct and indirect jobs. With T

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