CM, Mr. Chandrababu Naidu inaugurated the Fintech Tower at Hill No.2, IT SEZ Madhurawada on 17.12.2016.
The FinTech Tower is having a built-up space of about one Lakh square feet. This gigantic construction is going to host firms like Paytm, GMS solutions, Block Trust etc. The FinTech tower is going to provide employment to a good number of people.
Allotment of space in the first floor is over. In two more floors, interior work will be made as per the requirement of companies starting operations along with co-working space for startups. The startups that have been allotted space include Paytm, which will create jobs for 200 people, and Block Trust, GMS Solutions, Knolskape, and Transaction Analysts - each providing 15 to 20 jobs.
23.12.2016 : State takes new Tech Mahindra building on lease. The new building of Tech Mahindra has been taken on lease by the AP Electronics and IT Agency (APEITA), an autonomous society under the Government of Andhra Pradesh, for allotment of space with plug-and-play facilities to IT companies. Of the 11-floor building (including parking space in the basement) located in the heart of the city, ground-plus-four floors are ready for allotment. Once the total facility is refurbished with the required facilities, it can provide seating capacity for 2,200 employees.
21.10.2016 : Chief Minister N. Chandrababu Naidu on Thursday said 40 IT companies being established by USA-based NRIs in the city would provide jobs to 2,000 local youth. Speaking at a meeting here organised by AP Non-Resident Telugu Society in connection with launching of work by four IT companies from the USA with employment to 300 locals, he said he was building a comprehensive ecosystem to transform Vizag into a prominent IT hub. He said Visakhapatnam had huge potential for employment in big data, cloud computing, data analytics and startups. Innovation and creative ideas would convert the startups into successful business ventures.
27.07.2016 : HyperCat launches operations in Vizag - In a big boost to efforts to improve the startup ecosystem, the U.K.-based consortium, HyperCat, has launched its operations in Visakhapatnam. HyperCat entered into an agreement with Silicon Coast Foundation, the registered not-for-profit organisation managing Startup Moksha at Rushikonda IT SEZ, to manage HyperCat incubator in India, with offices in Hyderabad and Visakhapatnam.
19.07.2016 : IT industry body NASSCOM's startup warehouse is all set to be operational at Sunrise Startup Village here by month-end. As part of 10,000 startup programme of NASSCOM to create a vibrant startup ecosystem to nurture technology enterprises, the premier IT industry organisation had inked MoU with Chief Minister N. Chandrababu Naidu in March to include Visakhapatnam for the warehouse. NASSCOM has almost short-listed six teams for grooming and incubation at the warehouse where 5,000 sft has been allotted to it.
Oracle India officials have shown interest in acquiring a suitable site to set up a development centre on the beachfront.
Global networking major Cisco, which will become a key partner to develop Vizag as a smart city, is expected to seek a site for opening its campus.
The Incubation Park at Rushikonda would be expanded from 17,500 sft to 50,000 sft by December, 2016 to put the city on global startup map.
To spread sunrise civilisation-based Sunrise State, the USP of Navya AP, it has been proposed to develop Signature Campuses.
The headquarters of Electronics and IT Agency will also be located in the city.
Wipro has already obtained permission to expand at its existing campus with SEZ status.
Tech Mahindra has acquired 10 acres at Rushikonda to develop its second campus.
Out of 50,000 sft space in the Vizag Incubator Tower at Madhurawada IT SEZ, Mob Mee has taken up 15,000 sft while Govind Capital, Singapore based pilot incubator acquired 2,500 sft and has now six start-ups working in the facility. The Vizag facility is named as Technology, Research and Innovation Park.
Concentrix plans to double its workforce. Concentrix Corporation, which opened its second facility in Visakhapatnam will double its workforce by creating 1000 new jobs in business process management (BPM).
Brand Vizag will get a shot in the arm with the State government allotting two acres at sea-facing Rushikonda here to Massachusetts Institute of Technology to set up a Super Fab Lab. Land allotted to Massachusetts Institute of Technology (MIT) to set up a Super Fab Lab with a promise that it will generate employment opportunities to locals. Fab labs are set up as part of outreach component of MIT. A technical prototype platform to encourage budding entrepreneurs. Offers a wide array of digital fabrication. Work on the project to start in a couple of months. 40 firms from US evince interest in locating their units in Vizag Smart City.
24.02.2016 : Vizag Smart City to get Centre for Cloud Computing to give a boost to startup culture. With Visakhapatnam turning into a startup hub of Navya Andhra Pradesh, the Union Government has decided in-principle to set up Centre for Cloud Computing in the city. Under Prime Minister s Narendra Modis Standup Startups programme, encouragement to shared processes and data through internet has been identified as a focus area. A proposal to this effect has been made and the Centre is favourable for setting up of Centre for Cloud Computing to help startups and other small ventures with software and other common facilities through cloud said M.P. Dubey, Joint Director, Software Technology Parks of India.
01.03.2016 : For startups, no income tax for three years in any of the first five years is a very good initiative. It will lead to more investment in startups by angel investors and others, chief patron of Startup Moksha O. Naresh Kumar said. Startup Weekend member and COO & CFO of E2P Enterprises Sayan Ganguly said the announcement on tax holiday would encourage more students to try their luck with their entrepreneurial talent. He said already there was a lot of enthusiasm to launch startups.
16.03.2016 : Nasscom president R Chandrasekhar exchanging MoU on Vizag start-up warehouse with AP IT Minister Palle Raghunatha Reddy in presence of AP Chief Minister N Chandrababu Naidu in Hyderabad on Tuesday. The centre is expected to be the place where technology entrepreneurs with innovative ideas will be nurtured, mentored as well as funded by venture capitalists and investors, for initiating Nasscom 10K activities at Sunrise Tower Vizag.
18.03.2016 : Global IT giant Cisco has announced setting up of Internet of Things (IoE) Innovation Centre in Visakhapatnam. The decisions were disclosed after Cisco Executive Director John Chambers, President (Asia Pacific & Japan) Irving Tan, and President (India & SAARC) Dinesh Malkani held talks with Chief Minister N. Chandrababu Naidu here on Thursday in connection with launching of Andhra Pradesh Fiber Grid.
24.03.2016 : 1-Stop Digi Center in Vizag Smart City. The Digital Seva Kendra (DSK) will be established by the Department of Electronics and Information Technology (DeITY). Public can know of State schemes, hospitals, fill an RTI form, information on availability of jobs in local bodies, information available for BPL card holders, Info on how to accomplish work through local bodies.
05.04.2016 : Tech Mahindra CEO, Mr. C P Gurnani, during his meeting with Andhra Pradesh Chief Minister,Mr. N Chandrababu Naidu here on Monday, agreed to facilitate employment to 1,000 persons at Tech Mahindra's facility in Visakhapatnam.
13.04.2016 : 100 small, medium and large enterprises based in the city, out of them 80 per cent are in business process management (BPM) and knowledge process management (KPM) activity. Major players include Wipro, Tech Mahindra and IBM in software development field and HSBC, Patra, Concentrix and WNS are in KPM.
Bid due date is over on 07.12.2015 for submission of Request for Proposal (RFP), after that no news from APIIC regarding finalization of developer.
Government has to speed up the bidding process for construction of Iconic Building - Signature Tower at Madhurawada IT SEZ, which is very important for development of IT in Visakhapatnam and the foundation stone to be laid.
Andhra Pradesh Industrial Infrastructure Corporation (APIIC) invited Request for Proposal (RFP) for development of Signature Tower at Madhurawada in Vizag Smart City on Public - Private Partnership (PPP) basis.
16.02.2017 - Millennium Tower to be ready by September, 2017. It will have 2,00,000 sq.ft. of built-up space for allotment to plug-and-play operators. Cyclone-resistant Internet of Things-enabled Millennium Tower, work on which is progressing at a brisk place at the sea-facing Rushikonda hills, will become an iconic superstructure and showcase Visakhapatnam as the IT capital of 'Navya Andhra Pradesh.'
Being executed by the AP Industrial Infrastructure Corporation (APIIC) and funded by the Information and Communication Technology Department of Andhra Pradesh, the construction of the building will be completed by September. Excluding cost for the four acres on which it is coming up, Rs. 180 crore is being spent on construction.
"Work on construction is progressing in a fast-tract mode and we are confident of making it a landmark to promote IT in Visakhapatnam with focus on start-ups and companies specialising in financial technologies and new-age technologies such as blockchain, IoT, cloud computing, and cyber security," V. Srinivasa Moorthy, CEO of AP Electronics and IT Agency (APEITA) told. The APEITA is an autonomous agency promoted by the government with its headquarters at the Cyber Valley, Rushikonda.
The Millennium Tower will have 2,00,000 sq.ft. of built-up space for allotment to plug-and-play operators. In addition, it will have 1,50,000 sq.ft. of space for parking. Under the ambitious project located close to the Sunrise Incubation Hub, two towers will come up. The first is expected to be completed by June/July.
22.10.2016 - Construction Work of Millennium Tower at Hill No. 3, IT SEZ, Madhurawada is going at full swing for getting ready by August 2017.
10.09.2016 - Work begins for Millennium Tower at Hill No. 3 in IT SEZ, Madhurawada. The APIIC had set a target to complete the works of the tower by August, 2017. In the first phase, around 2 lakh sft space will be available to allot for IT companies and subsequently in the next phase, another 1 lakh sft will be added to the Millennium Tower.
APIIC has invited an e-tender for the construction of Millennium Tower at Plot No. 16 & 17 (in 4 acres) at Hill No.3, IT SEZ, Madhurawada. Approximate value of the tender is 86.80 crore and the period of the work is 15 months and the last date of tender submission is 23.04.2016.
18.03.2016 : According to an IT department official, the Millenium Tower project at Hill 3 in Rushikonda will provide around 3 lakh sft to companies planning to set up offices in the Port City. "The Millenium Tower will be built on Plot No 16 and 17 of Hill 3 and it will be a government-constructed building for IT companies. This will be a permanent tower and is meant for IT companies focussing on Vizag as an IT destination," the official said, adding that the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has prepared the request for proposal from interested parties for construction of the building.
The IT Department will have five floor tower to be named Millennium Tower with three lakh sft space that will come up in a four-acre land adjacent to the Madhurawada IT SEZ Incubation Tower. The first two floors will be for start-up units and the rest of three floors will be allotted for companies.
21.01.2017 : No progress on construction of IT Tower at Siripuram Junction jointly by Visakhapatnam Urban Development Authority (VUDA) and the Software Technology Park of India (STPI) even after MOU signed on 18.02.2016 in the presence of Union IT, Electronics and Communications Minister, Mr. Ravi Shankar Prasad, Chief Minister, Mr. Chandrabau Naidu and Union Urban Development Minister Mr. M. Venkaiah Naidu. Apart from VUDA, Vizag MP, Dr. K. Haribabu & HRD Minister, Mr. Ganta Srinivasa Rao should take initiative to get the approval from the Central Government to commence the construction work of IT incubation center at the earliest. The IT incubation centre, is projected to provide jobs to 2,500 and achieve IT exports of Rs. 300 crore. Roughly, 50 small IT units may come up in the centre.
In the presence of the Union IT, Electronics and Communications Minister, Mr. Ravi Shankar Prasad, Chief Minister, Mr. Chandrabau Naidu and Union Urban Development Minister Mr. M. Venkaiah Naidu, a memorandum of understanding was signed on 18.02.2016 for setting up an IT incubation centre at Siripuram Junction in Vizag Smart City jointly by the Visakhapatnam Urban Development Authority (VUDA) and the Software Technology Park of India (STPI) at a total cost of Rs. 62.70 crore. The VUDA would provide the land valued at Rs. 16.7 crore free of cost and the STPI would bear the rest of the cost (Rs 46 crores). The IT incubation centre, expected to be ready by April 2018, is projected to provide jobs to 2,500 and achieve IT exports of Rs. 300 crore. Roughly, 50 small IT units may come up in the centre.
Preliminary work to be commenced for construction of Tallest IT tower consists of 10 to 12 floors in an area of 1.2 acres at Siripuram between VUDA and HSBC, the joint venture project of Visakhapatnam Urban Development Authority and Software Technology Parks of India (Ministry of Information Technology). This huge tower in the heart of the city to provide more space to the IT entrepreneurs and startups. This tower is first of its kind domain-specific incubation and innovation center on marine, power and petroleum to encourage small and medium IT players and Startups.
VUDA bids for IT Tower project - 12 Storied Building - Incubation and Innovation centre with plug and play facilities. VUDA had come forward offering its one acre land adjacent to its near Siripuram (beside HSBC) where around 1.25 lakh sft space building is planned. An MOU in this regard will be signed between VUDA and STPI after the consultant submit its report.After the techno feasibility report is submitted, the consultant will finalise the design and modalities of the incubation centre. Sources in State IT department pointed out that it will be a 12 storied building. The Software Technology Parks of India (STPI) is planning to develop an ESDM (Electronic System Design and Manufacturing) incubation centre with the assistance of the central government in the Port City.
03.03.2016 : Information Technology Investment Region (ITIR) in Vizag Smart City. Once ITIR is sanctioned, the development of the city as a prominent IT hub would have got shot in the arm with pumping in of Rs.5,000 crore to create the required ecosystem. As the Ministry of IT and Communications will revise its policy, the DPR submitted by Ernst & Young couple of years ago may become redundant now. The State government is likely to be forced to submit a fresh proposal for sanction of IT Investment Region in Visakhapatnam with the Centre deciding to have a re-look at the ITIR policy.
The State Government has submitted the proposal to the Centre after Ernst and Young conducted a detailed project report. ITIR in Visakhapatnam is envisaged in 40.4 sq. km with an estimated investment of Rs.50,000 crore to Rs.60,000 crore in phases to create direct jobs to nine lakh persons. Startups, hardware manufacturing and software development with social infrastructure.
10.09.2016 - IT Park layout okayed at Kapulauppada in Vizag. APIIC has finalised the layout pattern of the IT Park proposed at Kapulauppada. In the first phase, development will be done in 250 acres of the total 1750 acres of land available at Kapulauppada.
Andhra Pradesh Industrial Infrastructure Corporation (APIIC) invited Request for Proposal (RFP) for preparation of master plan for development of Integrated IT township at Kapulauppada - consultant to be appointed for preparation of master plan.
The proposed IT Tower is at the Visakhapatnam Special Economic Zone (VSEZ) premises in Duvvada. Union minister for commerce and industry Ms. Nirmala Sitharaman laid the foundation stone for the tower in August, 2014, which is expected to cost around Rs 40 crore.
The IT tower was to come up over 2.5 acres with a plinth area of 1.09 lakh sft with plug and play facilities for IT firms along with two floors set aside exclusively for data recovery centres.
03.07.2016 : Site finalised for Electronic Manufacturing Clusters (EMC) in Vizag Smart City - APIIC has finalised its location at Gurammapalem near Pendurthy and AP Pollution Control Board has also cleared it.An estimated Rs. 300 crore will be spent on creating internal roads, other amenities and infrastructure will be spent. Part of it will be granted by DeitY. In another development, instead of 98 acres, an additional area of 30 acres is likely to be allotted to seek investments in high-end IT products and services.
Land identified at Gurrampalem near Pendurthi in the city for development of EHMC.
We need to get clarification as to who will fund the infrastructure development for the EHMC. As soon as the clearance is issued from the government, we will take up the development of the cluster by providing roads, power, water and other necessary infrastructure, said an APIIC official.The in-principle clearance was received a month ago. We have to prepare the final project report and send it to the central government. Once we get the final clearances, we will divide the clusters into plots and offer it to different electronic companies, a senior IT department official said, adding, A couple of companies have shown interest in the cluster, but it may increase as and when the cluster is formally announced. An IT department official said, We can invite the companies to come and set up shop only after the central government declares the cluster. As and when the central government approves the cluster, it will also provide large funding for development of infrastructure for the EHMC.
APIIC invites Request for Proposal (RFP) for Selection of Consultant for preparation of Detailed Project Report for the proposed Greenfield Electronic Hardware Manufacturing Cluster (EHMC) at Gurrampalem near Pendurthy in Vizag Smart City. The due date for submitting the proposal is over on 15.02.2016.
SAMEER, a Central Government Organisation is going to set up at Gambheeram near Madhurawada, in an area of 30 acres.
Union IT, Electronics and Communications Minister Ravi Shankar Prasad laid the foundation stone on 18.02.2016 for the Society for Applied Microwave Electronics Engineering and Research (SAMEER) centre to be set up at Gambheeram in Vizag Smart City in an area of 30 acres at a cost of Rs. 80 crore. It is a research institute under my ministry which undertakes high-end research in electro-magnetic interference and related areas and such research has many defence as well as civilian applications.
The construction work on the Centre for Electromagnetic Environmental Effects (E3) being set up by Society for Applied Microwave Electronics Engineering & Research (SAMEER) has been launched at Gambheeram on 24.05.2016.
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