Feb 18, 2016 11:54:45 AM
Hyderabad, India, 18 February 2016 - Cyient announced today the establishment of a state-of-the-art Technology Development Center in Warangal, in the Madikonda Special Economic Zone (SEZ) of the Telangana State Industrial Infrastructure Corporation (TSIIC). The Honorable Chief Minister of Telangana, K. Chandrashekar Rao, will lay the foundation stone of the new facility on Friday, February 19, 2016. The Honorable Deputy Chief Minister and Minister of Education-Kadiyam Srihari; the Honorable Minister of Information Technology, Municipal Administration, Panchayat Raj-KT Rama Rao; and the Founder and Executive Chairman of Cyient-Mr. BVR Mohan Reddy will be present on the occasion.
The Cyient Technology Development Center will focus on advanced geographic information systems (GIS), remote sensing, and photogrammetry technologies, catering to a host of solutions for the transportation (navigation), utilities, and communications sectors. Additionally, the Center will have world-class spatial data analytics solutions to address the requirements of specialized geospatial data processing services, using light detection and ranging (LiDAR) and other point cloud technologies. The facility will support Cyient's worldwide digital technology initiatives, including those in IoT, big data analytics, and smart cities, and cater to the company's global clients.
Set in a sprawling five-acre campus, the planned Cyient Technology Development Center will cover an area of 70,000 square feet, supported by high-speed data networks for real-time online transactions. Initially, the facility will commence operations in April 2016, at the incubation center of TSIIC. Employing approximately 1000 professionals over the next 18-24 months, Cyient expects the initiative to contribute to the development of the region and bring technology industry to tier-2 cities like Warangal.
The occasion will also witness the Cyient Foundation-the corporate social responsibility arm of Cyient-exchange a Memorandum of Understanding (MoU) with the District Education Officer to adopt the Zillah Parishad Secondary School and the Mandal Parishad Primary School in Madikonda. The Foundation is committed to providing quality education to 500+ children. Cyient Foundation, in the last 5-7 years, has already adopted 14 government schools, supporting 10,000+ children currently. The Foundation has helped transform these schools to improve the attendance of female students, increase academic performance, advance health and hygiene, and elevate the overall development of children.
As a part of Cyient's vision to enable active participation of society in the union government's "Digital India" program, the Cyient Foundation will set up a shared National Digital Literacy Mission (NDLM) Center and a digital library in the adopted schools. This will help the local community to get trained in L1 and L2 NDLM programs, which will enable them to participate in the "Digital India" initiatives actively, and in some instances, get gainful employment.
Commenting on the initiative, Mr. BVR Mohan Reddy said, "In establishing the Cyient Technology Development Center in Warangal, we recognize the role that tier-2 cities are playing in India's growth. There is a strong need to promote balanced economic growth in rural India by creating employment opportunities in tier-2 locations. The Center in Warangal will help accelerate socio-economic development of the region. This will be the fourth technology development center in tier-2 cities, for Cyient. By adopting the local school and also setting up an NDLM Center, Cyient is fulfilling its goal of inclusive development."
In line with this philosophy, Cyient has successfully created three facilities in tier-2 cities in the past five years. Warangal, the host to Cyient's latest initiative, is the fastest growing city in Telangana after Hyderabad and has the potential to become an important commercial hub. The city also has a resource pool of bright engineers graduating each year from leading educational institutions, such as the Kakatiya University, the National Institute of Technology, and several others.
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Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company.