17 IT companies inaugurated on the same day in Visakhapatnam

In what might prove to be a major boost to the IT ecosystem in the state, Andhra Pradesh IT Minister, Nara Lokesh, inaugurated 17 IT companies at one go in Visakhapatnam on Friday.

“I wish all the best to Cerium Systems Pvt. Ltd., Conduent Business Services India Pvt. Ltd., CES Ltd., Inspire Edge IT Solutions Pvt. Ltd., Sahasramaaya Technologies Inc., Valenta KPO accounting Pvt. Ltd., Belfrics Cryptex Pvt. Ltd., Sweya Information Technologies LLP, Vivilex Technologies Pvt. Ltd., Inn Data Analytics Pvt. Ltd., Insoteam Consulting services Pvt. Ltd., Nueve Solutions LLC, HR Square Staffing Solutions, Envoy Mortgage, Hippocampus, and Patra India BPO Services Pvt. Ltd,” Nara Lokesh shared on his Facebook page.

“Cumulatively, these companies are expected to generate an employment of 10,170 and an investment of INR 558.7 Cr., which again asserts the diverse investment opportunities that Andhra Pradesh provides to different types of companies ranging from startups to multinationals. The Government of Andhra Pradesh recognizes the need to develop an IT/ITES ecosystem, and the fact that our policies offer tailored incentive packages to companies ranging from MSMEs to Mega projects showcases the State’s commitment to nurture enterprises of all categories,” the post read further.

The minister stated that in addition to developing the technology sector in Visakhapatnam, the government was also looking to bolster the IT scene in the cities of Tirupati, Amaravati, and Anantapur among others. He also informed that he was personally supervising the works at Kapuluppada.