IT sector in the state was encouraging

Hyderabad, Jun 27 : The emergence of Informaton, Communicaiton and Technology(ICT) industry in Andhra Pradesh has resulted from a strong Vision of the State Government and the State's business environment being conducive to the growth and expansion of Information Technology Industry.The provisional performance of IT sector in the State during 2010 has been quite encouraging, a release here today said.During the year, new IT Multi National Corporations like JP Morgan and United Health Group came forward to set up their operations. Existing companies were significantly expanding their operations. The IT companies have started their annual recruitment and hiring plans. Further, the recession did not have any impact on the creation and filling up of office space in IT SEZs by the Infrastructure Developers, it claimed. At the recent Unit Approval Committee meeting of the Development Commissioner, AP IT SEZs,five IT companies have been accorded permission to set up their offices on a total area of 3.91 lakh sft in different IT SEZs. Prominent MNC IT companies approved were Facebook India Online Services PVT Ltd and Accenture. Now, Tier-II cities in the State like Warangal, Visakhapatnam, Kakinada, Vijayawada, and Tirupati are being promoted as IT Hubs in the State, the release added. Vijayawada is being preferred as an alternative Tier-II IT location in view of its strategic location. Visualizing the potential of Vijayawada as a promising IT locations, IT companies are setting up and expanding their operations there, the release added.
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