IT Cos gearing up in Madhurawada
With the pace of progress picking up in the allocated Madhurawada IT sector, this City of Destiny is likely to register a massive transformation in this industry.
This zone which was plagued by a plethora of issues ranging from lack of basic amenities such as power to transportation to electricity is now abuzz with companies getting their infrastructure up and running.
“Precistat is bullish on the Vizag IT sector and we have invested significant amounts of money in creating this ‘A’ class facility says Mr Ramana Bodepudi founder of Precistat a company that house its unit on hill no 3.
He informs that the construction of its phase 1 unit is now complete and it has started operations last month. This facility says Mr Ramana has the capacity to accommodate 500 employees.
Of the 3 hills with SEZ status a total of 30 companies have been allocated space. Out of these 30 companies, thirteen i.e. about 43% are said to be operational while nine are under different phases of construction and three are yet to start construction.
For the companies on hill no 2 which have been asking for denotification of SEZ status it will soon see this step completed. ‘The file for de-notification of SEZ status for Hill no 2 has already been sent to Board of Approvals, GOI and should soon be granted’ says a senior source in APIIC.
There are about 14 companies on hill no.2 out of which 50% are operational while seven are in different phases of construction and few are yet to commence construction.
In the next one year Millenium tower is scheduled to come up which will have a capacity to generate employment for about 3000 people says the CEO infrastructure for APEITA(Andhra Pradesh Electronics & Information Technology Agency).
Things are moving in a positive direction and this place would be buzzing with much more IT activity in the near future says Mr Murali of Sankhya technologies who has his unit on Hill no.2.
Mr Murali however cites the startup village to be a non starter. ‘The startup village could have done better and we should have seen some success stories by now’ says the Director of Sankhya Technologies.
Speaking on the IT front on a whole Mr ShivKumar immediate past chairman of CII AP council and CEO Maple software says that the story was very different pre and post bifurcation.
“Before bifurcation the combined state had IT exports of Rs. 65000 crores out of which a mere Rs 1100 crores used to come from Vizag” says Mr ShivKumar. This figure has now gone up to Rs. 2000 crores he informs.
On the policy front Mr ShivKumar says the IT industry is still awaiting clarity on the H1B visas which he believes is crucial for the overall growth of the Indian IT industry.
Below are the names of units that have been granted space on the three hills.