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Ratan Tata to inaugurate T-Hub, the biggest start-up incubator, in Hyderabad on November 5

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NewsGram Staff Writer

Hyderabad: Ratan Tata is scheduled to inaugurate the T-Hub, the country’s biggest start-up incubator on November 5. The inauguration ceremony will also witness the presence of  Telangana Governor ESL Narasimhan and Chief Minister K Chandrasekhar Rao.

However, the non-availability of Ratan Tata forced the postponement of the event to November 5, which was earlier slated to be held on September 7.

The first phase has come up at the International Institute of Information Technology (IIIT).

The facility is being set up in collaboration with IIIT Hyderabad, the Indian School of Business (ISB) and the NALSAR University of Law.

While NALSAR would help in intellectual property and related areas, ISB and IIIT would provide business and technology mentoring respectively.

Phase I which is being set at IIIT at a cost of Rs 35 crore will be spread over 60,000 square feet and can accommodate 400 start-ups by 2017.

The second phase will come up on three acres of land in Raidurgam near Hitec City, the IT hub.

The government promises that it will be an ‘incubator of incubators’, offering startup environment available in the west.

The facility will also have venture capitalists and angel investors.

The government is also mulling a venture capital fund. Officials said discussion with various venture fund groups had already taken place.

(With inputs from IANS)

 

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Flipkart Opens its Second Data Centre in Hyderabad

The data centre has been built in partnership with CtrlS, whose CEO Sridhar Pinnapureddy was also present on the occasion

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Online marketplace Flipkart on Monday opened its data centre in Hyderabad to strengthen its technology infrastructure.

The new data centre, the second in the country and the first in Telangana, is a part of one of the largest private cloud deployments in the country and will help strengthen its growing marketplace e-commerce business, the company said.

It is also expected to enhance the company’s ability to bring in more sellers and MSMEs to the platform and cater to more consumers in the country. This facility has been designed to be Tier-4 rated, most of the power consumed is fulfilled by renewable energy, and it is also one of the mostAenergy efficient data centres in India with a low overall PUE (power usage effectiveness).

The data centre was inaugurated by Telangana’s Principal Secretary, Information Technology and Commerce, Jayesh Ranjan, along with Flipkart Group’s Chief Corporate Affairs Officer Rajneesh Kumar.

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The data centre has been built in partnership with CtrlS, whose CEO Sridhar Pinnapureddy was also present on the occasion.

“In the growing e-commerce business of Flipkart, data centres plays a critical role in serving our sellers and customers better, as well as ensuring business continuity. Our new data centre at Hyderabad is a testimony of our investment in the ecosystem and the state. We are determined to continue growing the business and create a viable ecosystem for MSMEs, local manufacturers and in the process create quality local jobs,” Rajneesh Kumar said.

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Jayesh Ranjan said Telangana was the first state to come out with a dedicated policy on data centres. “Flipkart’s investment and commitment to the business will further strengthen Telangana as the first choice of IT and tech companies to not only scout for talent but for further strengthening their technology infrastructure establishments as well,” he said. (IANS)