Why is Hinjewadi considered as the IT hub of Pune?

Hinjewadi IT Park is developing rapidly. Therefore, it is regarded as the IT Hub of Pune. Here is all you need to know.

Hinjewadi is a suburb located on the outskirts of Pune. It is a sizable contemporary area with significant business parks and IT firms.

The Maharashtra Industrial Development Corporation (MIDC) established the Rajiv Gandhi Infotech Park (RGIP), a commercial and technology park spanning 2,800 acres.

Now, RGIP consists of three major stages, with more phases planned. Eventually, the Hinjawadi Industries Association (HIA) was established to offer a joint forum to all stakeholders based in Hinjawadi and the surrounding areas.

Currently, the Hinjewadi IT Park has 165 firms spread across three phases. Daily, over 1.5 lakh commuters from various organisations travel to IT Park.

Despite all odds, Hinjewadi IT Park has been one of the top choices for companies since the property is affordable and the government has provided additional benefits for the firms.

4 Reasons Why Hinjewadi is Regarded as The IT Hub of Pune

1: Locates Significant Infotech Parks

With several IT Product & Services firms, including the largest in the world, Tata Consultancy Services, Infosys, Wipro, Amdocs, and Cognizant, having large centres in the city, Pune has emerged as one of the significant hubs of the ITology sector in the country.

2: Because of IT Parks

Presence of many IT parks make Hinjewadi as the IT hub of Pune:

• Rajiv Gandhi Infotech Park (RGIP): About 2800 acres make up the RGIP IT hub in Hinjawadi, renowned for housing hundreds of different and famous firms. It is located off the Katrai-Dehu Road Bypass, now to the west of Pimpri-Chinchwad.
• Cognizant Technology Solutions, Fluent India Pvt. Ltd., Satyam Computer Services Ltd., KPIT Cummins Infosystems Ltd., and many more well-known businesses are established at RGIP. Currently, RGIP is split into three phases, with the possibility of Phase 4 starting soon.
• MIDC Pune Infotech Park: MIDC is another well-known IT park at Hinjewadi, hosting nearly 401 corporate organisations. One of the famous businesses in this area is Wipro Technologies.

3: Excellent Connectivity and Network-

Hinjawadi's accessibility to the Expressway that connects to Mumbai's economic centres is its primary locational benefit. The region is well-connected to other significant areas of the city and state, and the neighbourhood is well-linked to all types of transportation.

The Pune Railway Station is around 21.4 km from Hinjawadi, whereas the Lohegaon Airport is situated at a distance of roughly 25.3 km. It is near the Talegaon, Chakan, and Pimpri-Chinchwad industrial zones and the Baner near the Wakad suburbs.

The area also has many prestigious educational institutions, such as Mahindra International School, Symbiosis, Indus Champs School, and many more. Besides that, the site has well-established health and entertainment centres as well.

4: Rapidly Growing IT Industry-

Multinational corporations and occupiers from the IT and ITES sectors are based in Hinjewadi. The growth of modern infrastructure has also been affected by the existence of these businesses.

The services have been brought on by ex-pats and foreign nationals who have come to the area to work in these firms. Moreover, numerous upcoming infotech parks and more start-ups are also coming up in the area.

Employment Opportunities- For thousands of individuals, the IT Park in Hinjewadi provides a source of employment.

As part of implementing Special Economic Zones (SEZs), MIDC constructed RGIP in Hinjewadi at an estimated cost of Rs 155 crores. Its goals were to provide a stable environment and lots of employment prospects. Over 60,000 employees work at RGIP as it houses many IT/ITES.

As a result of the presence of Infosys, Wipro, Cognizant, and other sizable international software businesses here, Hinjewadi has become a significant IT hub. The presence of these MNCs has significantly improved the local economy, real estate market, connectivity, social infrastructure, and amenities.

It is one of the regions with the greatest growth and provides various jobs.

Conclusion

Hinjewadi IT Park has three phases, with talks for an upcoming fourth phase. It has several significant IT firms, MNCs and many well-known companies coming up, including start-ups.

As Hinjewadi consists of many famous IT firms and software businesses, there are many annual commercial and industrial visits to the RGIP.

The government and civic organisations are launching projects to build top-notch infrastructure in this area.

Moreover, it also provides schemes for IT firms for their profits. Therefore, the IT hub of Pune is expanding at a fast pace.

Establishing Pune's significant IT industry has left a unique imprint on the city's development and raised the standard of living.