Vijayawada-An Emerging IT Destination

Hyderabad|India|June'2010: The emergence of ICT industry in Andhra Pradesh has resulted from a strong Vision of the State Govt. This has resulted in the State's business environment being conducive to the growth and expansion of Information Technology Industry.           

The provisional performance of IT sector in the State during the year in 2010 has been quite encouraging.  During the year, new IT Multi National Corporations  like JP Morgan, United Health Group have come forward to set up their operations. Existing companies like COGNIZANT, TCS,  Infosys, Invesco, are significantly expanding their operations.  The IT companies have started their annual recruitment and hiring plans appropriate to their human resource requirements. Further the recession does not have any impact on the  creation & filling up of office space in IT SEZs by the Infrastructure  Developers. In fact during the recent past, infrastructure provides like Raheja, Divyasree, have closed space booking deals of more than  32 lakh sft of office space  with renowned IT companies.           

            In the recent Unit Approval Committee meeting of  the Development Commissioner, AP IT SEZs,5 IT companies have been accorded permission to set up their offices in a total area of 3.91 lakh sft  in different IT SEZs. Prominent MNC IT companies that have been approved are Facebook India Online Services PVT Ltd., Accenture, Invesco(expansion)  and others.

Hither to, the growth of IT is limited to Hyderabad only. Promotion & percolation of  IT& ITES to the other cities/towns in the State, is essential not only for providing gainful employment to educated rural youth, but also for achieving overall balanced socio-economic development of the State.  As such, Tier-II cities in the State, like Warangal, Visakhapatnam, Kakinada, Vijayawada, and Tirupati  are  being promoted as IT Hubs in the State. 

Vijayawada  is being preferred as an alternative Tier-II IT location in view of its strategic location. Vijayawada – not only offers cost advantage in terms of physical infrastructure, hiring of human resources and social costs, but also provides a safe place and secure working environment. Visualizing the potential of Vijayawada as a promising IT locations IT companies are setting up and  expanding their operations in Vijayawada.

An IT SEZ in an area of 30 acres with 2 lakh sft  has been developed in Vijayawada by APIIC in association with L&T Info City  and is ready for occupation.   The  following IT companies have been accorded Unit Approval by the Development Commissioner, IT SEZ, for setting up operations in Vijayawada.

-June'' 2010