In a significant development towards making Visakhapatnam IT capital of Andhra Pradesh, Tech Mahindra has been allotted 10 acres on Hill No. 3 of Rushikonda in Madhurawada IT SEZ to set up its second campus in the city.
The project involves an investment of Rs.250 crore to create employment for 5,000 persons in a span of five years, a senior official of APIIC told The Hindu on Tuesday.
The project will come up between the IBM’s KPO unit and the proposed Signature Tower. Tech Mahindra has an imposing structure at Resapuvanipalem, opposite Wipro building, facing the highway. Vizag IT Association president Deepak Madala is confident of a big mileage for promoting Brand Vizag following the emphatic message by Mr. Naidu at the CEOs’ conclave.
“I am very happy that something is moving in a positive direction after a long time,” he said.