IT Minister K.T. Rama Rao laid the foundation stone for the tower to be built at a cost of Rs 25 crore, said the statement from the minister's office.
The construction will be completed within one year and provide plug and play facilities for IT companies.
The state government signed MoUs with six companies, which will set up their units in the facility.
In the first phase, direct employment opportunities will be created for 1,000 youngsters.
The government is attracting investments into IT and allied sectors to provide employment to youth, said the statement.
Rama Rao said the government would also set up regional centre of Telangana Academy of Skill and Knowledge (TASK) for job seekers and T-Hub for job creators in Karimnagar.
"Our youngsters are second to none and I hope and believe that the next Googles, Facebooks, and WhatsApps will come out of India," he said.
Stating that Telangana's GSDP growth rate is highest in the country, the minister said this was possible due to the visionary leadership of Chief Minister K. Chandrasekhar Rao.
The government will soon hold meetings with the NRIs from Telangana settled in other countries, requesting them to establish their companies in the state.
Most of the employment in IT sector was so far created in and around Hyderabad but the government is now trying to promoting tier II cities like Warangal, Khammam, Karimnagar, Mahabubnagar, and Nizamabad as IT hubs.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
