Software industry in Andhra Pradesh: Difference between revisions
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Revision as of 15:25, 25 May 2021
![]() | This article was nominated for deletion. The discussion was closed on 25 May 2021 with a consensus to merge the content into the article Economy of Andhra Pradesh. If you find that such action has not been taken promptly, please consider assisting in the merger instead of re-nominating the article for deletion. To discuss the merger, please use the destination article's talk page. (May 2021) |
The Indian state of Andhra Pradesh is recreated in 2014 with the new capital city at Amaravati located on the banks of Krishna River, the third longest river in India. Andhra Pradesh is growing rapidly and attracting national and multinational companies. The software industry in Andhra Pradesh is conveniently spread out to different cities, namely Visakhapatnam, Tirupati and capital city of Amaravati, and not clustered just in the capital, leading to so many social, economic and political problems. Most software companies in Andhra pradesh are out of state or foreign companies which are also called Multinational corporation's. Domestic software industry in Andhra Pradesh seems to be at its beginning stages.[1]
![Incubation Centre Vizag](http://upload.wikimedia.org/wikipedia/commons/thumb/4/4f/Incu.jpg/220px-Incu.jpg)
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.[2] 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.
Notable Software companies in Andhra Pradesh
In May 2021 Andhra Pradesh State Cabinet has approved the Andhra Pradesh IT Electronics Policy 2021-24, aimed at creating a world-class electronics. In a release, Principal Secretary (Information Technology, Electronics and Communications) said that the policy is envisioned to transform Andhra Pradesh into a hub of IT and Electronics.[3]
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[4][5] - United Kingdom
- Conduent-United states of america
- WNS Global Services-United states of america
- HCL Technologies[6] - India
Software companies in Visakhapatnam
![Front of large round building, with street and trees in front](http://upload.wikimedia.org/wikipedia/commons/thumb/8/87/Satyam_campus_in_Visakhapatnam.jpg/220px-Satyam_campus_in_Visakhapatnam.jpg)
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.[7] 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,[8][9] 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$170 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.[10] 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$370,000).[11]
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, Pulsus Group, 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, Pulsus Group, 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.[12][13] 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. [14][15]
Software companies in Vijayawada
HCL Technologies has started operations in February 2020 at Vijayawada and recruited about 1,000 by 2021. [16] and Pi Care Services, a healthcare BPO, inaugurated at Mangalagiri IT park.[17][18]
Software companies in Tirupathi
Sri Venkateshwara Mobile and Electronics Manufacturing Hub is a dedicated mobile handset and electronics manufacturing facility located at Tirupati. The Hub is spread over 122 acres (49 ha) Acres out of which Celkon is established in 20 acres (8.1 ha) acres, Micromax in 15 acres (6.1 ha) acres, Karbonn in 15.28 acres (6.18 ha) acres and Lava in 20 acres (8.1 ha) acres with a total investment of Rupees 2000 crores.[19][20] Dixon Technologies has a manufacturing unit in this hub, where they are producing Smart TVs for Xiaomi.[21] and is the hub for several software companies including Zoho Corporation,[22] Software Technology Parks of India has it's regional office at Tirupathi to monitor local software industry. [23]
Notable IT entrepreneurs
These entrepreneurs are from Andhra Pradesh, India:
- Srinivas Kandula, ex-CEO of India operations at Capgemini,[24]
- Rao Machiraju, CEO of reQall Inc., an MIT Media Lab spin off and a NASA Research Partner.[25][26][27] He is also the Co-founder of Magically Inc.
- Shantanu Narayen, CEO of Adobe
- Srini Raju Co-Founder and Chairman of Peepul Capital (successor to iLabs Venture Capital Fund), a Private Equity (PE) firm based out of Hyderabad and Chennai.[28]
- Satya Nadella, CEO of Microsoft
- Srinubabu Gedela, CEO of Pulsus Group[29]
Sunrise Startup Village
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.[30][31]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.[32] 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.[33]
See also
References
- ^ "Andhra Pradesh to set up 3 concept cities for IT related industries with a focus on creating jobs". 6 February 2021. Archived from the original on 24 April 2021. Retrieved 21 April 2021.
- ^ "AP's Visakhapatnam emerges topper in providing BPO/ITES jobs under IBPS". 5 March 2021. Archived from the original on 21 April 2021. Retrieved 21 April 2021.
- ^ "Pulsus campaign in association with STPI against plastic use". The Times of India. 5 May 2021. Retrieved 22 May 2021.
- ^ "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.
- ^ "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.
- ^ "HCL Technologies to go on mega recruitment drive in Vijayawada". The Times of India. 28 January 2021. Archived from the original on 15 April 2021. Retrieved 15 April 2021.
- ^ 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 January 2014. Retrieved 20 May 2021.
- ^ Patnaik, Santosh (3 January 2018). "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.
- ^ "Lalith Ahuja's ANSR to set up Rs 1,000 crore fintech facility at Vizag". The Economic Times. 10 October 2017. Archived from the original on 11 October 2017. Retrieved 11 October 2017.
- ^ Biswas, Arunava (17 September 2020). "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 21 April 2021.
- ^ Swathi, Rathor (28 January 2021). "CHCL Technologies to go on mega recruitment drive in Vijayawada". Archived from the original on 15 April 2021. Retrieved 21 April 2021.
- ^ Swathi, Rathor (28 January 2021). "CHCL Technologies to go on mega recruitment drive in Vijayawa". Archived from the original on 15 April 2021. Retrieved 21 April 2021.
- ^ "apit-gov-information-technology-communications-department-government-of-ap". apit.ap.gov.in. Archived from the original on 27 April 2018. Retrieved 20 May 2021.
- ^ Gagan. "Southeast Asia's One of The Largest Data Centre Is Now in Andhra Pradesh". communicationstoday.co.in. Archived from the original on 16 August 2017. Retrieved 20 May 2021.
- ^ "Prime Minister Narendra Modi to lay stone of mobile hub in Tirupati". The Economic Times. 21 October 2015. Archived from the original on 24 April 2021. Retrieved 28 April 2021.
- ^ "PM lays foundation stone for mobile manufacturing facility in Tirupati". 22 October 2015. Archived from the original on 24 April 2021. Retrieved 28 April 2021.
- ^ Kurmanath, K. V. "Xiaomi begins production of smart TVs at Tirupati". @businessline. Archived from the original on 21 April 2021. Retrieved 28 April 2021.
- ^ "Tirupati poised to be an 'IT Hub'". The Hindu. 18 January 2018. Archived from the original on 24 April 2021. Retrieved 21 April 2021.
- ^ "About STPI Tirupati". Archived from the original on 21 April 2021. Retrieved 21 April 2021.
- ^ Varun Aggarwal. "Capgemini appoints Srinivas Kandula as CEO of India operations". The Hindu Business Line. Archived from the original on 28 April 2021. Retrieved 29 November 2017.
- ^ "reQall Team". reQall.com. Archived from the original on 25 July 2011. Retrieved 25 June 2011.
- ^ "Spin-Offs; MIT Media Lab". Media.mit.edu. Archived from the original on 30 November 2016. Retrieved 25 June 2011.
- ^ "NASA Research Park". Researchpark.arc.nasa.gov. Archived from the original on 27 July 2011. Retrieved 25 June 2011.
- ^ "Page not found - Indian School of Business (ISB)". www.isb.edu. Archived from the original on 27 May 2010. Retrieved 29 November 2017.
{{cite web}}
: Cite uses generic title (help) - ^ "Pulsus CEO, Dr. Srinubabu Gedela received Pride of the Nation Award". www.thehansindia.com. 22 July 2019. Archived from the original on 20 April 2021. Retrieved 14 September 2019.
- ^ Vizag. "Vizag Startups Community". vizagstartups.in. Archived from the original on 7 October 2020. Retrieved 23 April 2021.
- ^ "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.
- ^ "Searching for India's billion-dollar start-up", BBC News, 22 April 2013, archived from the original on 26 July 2019, retrieved 23 April 2021
- ^ Seaside 'village' in Kochi to nurture India's start-ups, Reuters, archived from the original on 23 July 2019, retrieved 23 April 2021