Software industry in Visakhapatnam
Script error: No such module "AfC submission catcheck". Visakhapatnam is the home for Fintech Valley Vizag, Millennium IT Towers and has provided highest BPO/ITES jobs under IBPS scheme of Software Technology Parks of India.[1] Visakhapatnam Special Economic Zone located at Visakhapatnam is the nodal agency to provide permissions to export oriented software companies of Andhra Pradesh, Chhattisgarh, Telangana and Yanam.
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IT/ITeS in Visakhapatnam[edit]
The ITES and IT sector is growing at its pace in the city of Visakhapatnam, the generated revenue from these sectors are a boon to the economy.[2] The IT special economic zone and incubation center exists at Rushikonda Hills, of the city. There are many national and multi–national IT/ITes and banking firms such as Mahindra Satyam, Pulsus Group,[3][4] Wipro, Kenexa, Infotech, IBM, Sutherland, and HSBC etc. Software exports from Visakhapatnam have increased by nearly 90% each year.
The IT exports from the city for 2012 were ₹1,200 crore and 16,000 people were employed. According to data released by the state IT department for the financial year 2012–13, IT industry registered an impressive in IT/ITES revenues, that generated ₹1,445 crore (US$200 million), an increase of 20%, compared to the previous financial year. The same year saw an increase in employment, generated by the IT/ITeS industry, with 20000 jobs as compared to 16,000 in 2011–12 period.[5] The Information Technology Investment Region (ITIR) project, planned by the Government of Andhra Pradesh, may generate employment to approximately, up to 15 lakh IT professionals and also the it can generate revenue for the economy, of up to ₹3.11 crore (US$430,000).[6]
Govt of AP plans to convert Vizag city into an IT hub made many new investments from Multi-National Companies. Many firms such as Google, Tata Consultancy Services, Microsoft, Uber, Adani Data Center, Capgemini, Accenture etc. have accepted to set their office locations in Vizag.
There are many national and multi–national IT/ITes and fintech firms such as IBM, Wipro, Tech Mahindra, Kenexa, Infotech, Conduent, Cyient, Paytm, Concentrix, Sutherland, HSBC, etc. Some more investments are in line, like Google x, Lalith Ahuja's ANSR Consulting, Franklin Templeton, Innova Solutions, etc. at Fintech Valley in the city.[7][8] Conduent has highest employees in India, third largest outside United States and operating from NCR (Noida and Gurgaon), Bangalore, Hyderabad, Kochi and majorly from Visakhapatnam. [9][10]
Notable Software companies in Visakhapatnam[edit]
Software companies with facilities in Andhra Pradesh, as well as country of headquarters:
- Cyient - India
- HSBC-GLT - United Kingdom
- IBM - United States
- Tech Mahindra - India
- Wipro Technologies - India
- Pulsus Group[11][12] - United Kingdom
- Conduent-United states of america
- WNS Global Services-United states of america
India BPO Promotion Scheme[edit]
Visakhapatnam has created 10,000 jobs under India Business process outsourcing (BPO). [13]
Startup Village[edit]
Startup Village is a not-for-profit business incubator based out of Kochi has set up a similar incubation facility in Visakhapatnam, Andhra Pradesh with the name Sunrise startup village.[14][15]The organisation aimed to launch 1,000 technology startups over the next ten years and start the search for the next billion-dollar Indian company.[16] It focusses primarily on student startups and telecom innovation. It is India's first incubator that is funded jointly by the public and private sectors.[17]
See also[edit]
References[edit]
- ↑ "AP's Visakhapatnam emerges topper in providing BPO/ITES jobs under IBPS". 2021-03-05. Archived from the original on 21 April 2021. Retrieved 2021-04-21. Unknown parameter
|url-status=ignored (help) - ↑ B.V. PRASAD (6 October 2013). "Bright prospects for IT in Vizag". The Hindu. Retrieved 20 May 2021.
- ↑ "Pulsus campaign in association with STPI against plastic use". The Hans India. 4 October 2019. Retrieved 20 May 2021.
- ↑ "ITIR in Vizag expected to be in place soon: AP Governor". The Hindu. 15 March 2020. Retrieved 20 May 2021.
- ↑ "IT Revenues". The Hindu. Retrieved 20 May 2021.
- ↑ "ITIR in Vizag expected to be in place soon: AP Governor". The Economic Times. Hyderabad. 26 Jan 2014. Retrieved 20 May 2021.
- ↑ Patnaik, Santosh (2018-01-03). "Franklin Templeton, Innova Solutions to open campus in city". The Hindu. ISSN 0971-751X. Archived from the original on 18 January 2018. Retrieved 20 May 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Lalith Ahuja's ANSR to set up Rs 1,000 crore fintech facility at Vizag". The Economic Times. 2017-10-10. Archived from the original on 11 October 2017. Retrieved 2017-10-11. Unknown parameter
|url-status=ignored (help) - ↑ Biswas, Arunava (2020-09-17). "Conduent bets on India, APAC; India operation among company's three largest outside US, says Lokesh Prasad, CEO – APAC". Archived from the original on 21 April 2021. Retrieved 2021-04-21. Unknown parameter
|url-status=ignored (help) - ↑ Swathi, Rathor (2021-01-28). "CHCL Technologies to go on mega recruitment drive in Vijayawada". Archived from the original on 15 April 2021. Retrieved 2021-04-21. Unknown parameter
|url-status=ignored (help) - ↑ "Pulsus campaign in association with STPI against plastic use". The Hans India. 4 October 2019. Archived from the original on 28 April 2021. Retrieved 20 January 2020. Unknown parameter
|url-status=ignored (help) - ↑ "ITIR in Vizag expected to be in place soon: AP Governor". The Hindu. 15 March 2020. Archived from the original on 9 November 2020. Retrieved 20 January 2020. Unknown parameter
|url-status=ignored (help) - ↑ "BPO, IT sectors generate 10k jobs despite lockdown woes". The Times of India. 24 November 2020.
- ↑ Vizag. "Vizag Startups Community". vizagstartups.in. Archived from the original on 7 October 2020. Retrieved 2021-05-20. Unknown parameter
|url-status=ignored (help) - ↑ "Andhra Pradesh to setup [sic] an incubator based on Kochi's Startup Village". news.biharprabha.com. IANS. 26 July 2014. Archived from the original on 7 October 2020. Retrieved 26 July 2014. Unknown parameter
|url-status=ignored (help) - ↑ "Searching for India's billion-dollar start-up", BBC News, 22 April 2013, archived from the original on 26 July 2019, retrieved 20 May 2021 Unknown parameter
|url-status=ignored (help) - ↑ Seaside 'village' in Kochi to nurture India's start-ups, Reuters, archived from the original on 23 July 2019, retrieved 20 May 2021 Unknown parameter
|url-status=ignored (help)
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