In what will be a leg up to the IT sector in Andhra Pradesh, particularly Vizag, around 14 companies, have evinced interest in setting up operations and applied for land allotment. The IT & Communications department is now busy processing these applications and is at the final stage of giving necessary permission. These companies will invest roughly 21,500 crore over the next five years besides generating employment for around 15,000 people.

Vizag madhurawada it companies

Interestingly, there we-re applications to set up IT companies in Kakinada and Tirupati where until now there was no IT related activity at all. At an IT CEOs conclave held in the city on September 29 around 17 firms have already signed MoUs with the IT & Communications department to set up companies in Vizag and Vijayawada.

  • Tech Mahindra has promised to provide 5,000 employment opportunities.
  • Wipro will provide employment to 7,000.
  • Tessolve, a semi-conductor testing com-pany, will invest around 2250 crore and provide employment to 1,200 in Vizag according to the earlier MoUs.

This time, the IT & Communications department has received applications from two IT firms for land allotment in Tirupati and one each in Vijayawada and Kakinada. Most of these firms, who have sent their applications, are based in US. An NRI having roots in Kakinada wanted to start his company In his hometown and applied for land allotment.

Vizag new ad“In Vizag this time we have received appli-cations for land allotment at Gambheeram IT SEZ. All permissions for these 14 companies will be given shortly,” an IT & Communications senior official said. The IT SEZ at Gambheeram, which was notified in 2007, has remained a non-starter. There were two companies which earlier signed MoUs to set up their operations in Vijayawada and invest around 1620 crore and provide employment to 800. Pie Data Centre will invest 600 crore and provide employment to 300 and 7 Seas Entertainment Ltd. will invest crore and provide employment to 500 in Vijayawada. 

Foundation stone for Signature Tower to be delayed

Steps to set foundation stone for the prestigious IT Signature Tower, planned by the state government, is likely to be delayed by at least four months because the government wants to design a really iconic building. To give a fillip to the IT sector in Vizag after it was severely battered by Hudhud, Chief Minister N. Chandrababu Naidu announced in the middle of October that the foundation for the proposed IT Signature Tower which will be an iconic building on the lines of Hyderabad’s Cyber Towers will be laid within a month. But plans are yet to materialise. “We are looking for the best design for the Signature Tower build-ing which will be an iconic structure for the IT sector for the entire state. Right now ground work is going on and it will take at least till March to finalise vari-ous issues and then a foundation stone will be laid,” said an IT & Com-munications depart-ment official. Around 21.6 acres of land on the Hill number 3 of the Madhurawada IT SEZ has already been finalised to build the Signature Tower. The iconic building will have 10 lakh square feet space on the lines of Cyber Towers in Hyderabad, which will form the nucleus of the IT sector in the state. This 21-odd acre vacant land was surrendered by the IBM after Kenexa Tech for which the APIIC had allotted the said land earlier, merged into the IT giant.