HITEC City Hyderbad, known as Hyderabad Information Technology Engineering Consultancy City, is a prominent technology township which covers 151 acres. HITEC City was developed in reaction to the IT growth in India and helped Hyderabad to compete with Chennai and Bangalore as the main IT hub of India. The first phase was inaugurated in 1998 and is well connected to the city through rail and buses. The park also houses the offices of the IT giants of India as well as the world.