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IT sun shines on Sunrise state

Brand Vizag got a major shot in the arm last week, with global IT giants Franklin Templeton, Innova Solutions, Conduent and the LuLu Group launching their development centres in the city.
The Chief Minister Mr N Chandrababu Naidu, who was primarily instrumental in bringing the global majors to the city, inaugurated the development centres.
While the Conduent will invest more than Rs. 300 crore to provide jobs to 5,000 people, the Franklin Templeton-Innova Solutions will invest Rs. 450 crore to provide high-end jobs to 2,500.
Speaking at these meetings, Mr Naidu justified dishing out sops to investors to develop the Sunrise State.
He said no investor would come to any State for charity. “In a highly competitive environment, we have to convince big companies to start their operations in Visakhapatnam and other parts in the State by offering incentives.”
He hoped that the Conduent, a leading firm in diversified business processes, would make Visakhapatnam its biggest centre in India.
The new site will become a key business location in India and will help Conduent India globally deliver innovation in technology, transportation, healthcare, public safety, human resources, process automation and operational excellence. Today, Conduent India employs almost 12,000 people across nine cities.
The President and COO of the Franklin Templeton Investments Mr Jenny Johnson said the Fortune 500 company, with expertise in global investment management, should rapidly scale up its operations here to provide high-end job opportunities in analytics and other areas.
IT Minister Mr Nara Lokesh, HRD Minister Mr Ganta Srinivasa Rao, IT Principal Secretary M K. Vijayanand and Special Chief Secretary and IT Advisor J.A. Chowdary wee present.
IT hub
Indeed, the opening of development centres would pave the way to make Visakhapatnam into one of the leading IT hubs of the country.
Mr Vijayanand said the State Government was initiating several measures to create the ecosystem so that many global players would invest in Visakhapatnam.
At present, IT and IT enabled services companies operating in Visakhapatnam provide employment to nearly 20,000 with a total turnover of Rs. 2,000 crore. “We expect the workforce and turnover to go up substantially once Franklin Templeton, a global asset management company and Conduent start full-fledged operations.”

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