Andhra Pradesh tech hub Archives - Vizag One https://www.vizagone.com/tag/andhra-pradesh-tech-hub/ Visakhapatnam - City of Destiny Wed, 30 Oct 2024 16:24:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Andhra Pradesh tech hub Archives - Vizag One https://www.vizagone.com/tag/andhra-pradesh-tech-hub/ 32 32 Andhra Pradesh IT Minister N. Lokesh Meets Adobe CEO to Discuss R&D Facility and Smart Governance Partnership https://www.vizagone.com/news/andhra-pradesh-it-minister-n-lokesh-meets-adobe-ceo-to-discuss-rd-facility-and-smart-governance-partnership/ https://www.vizagone.com/news/andhra-pradesh-it-minister-n-lokesh-meets-adobe-ceo-to-discuss-rd-facility-and-smart-governance-partnership/#respond Wed, 30 Oct 2024 16:24:26 +0000 https://www.vizagone.com/?p=33067 In a significant step toward making Andhra Pradesh a global technology hub, IT and Electronics Minister N. Lokesh met Adobe CEO Shantanu Narayen in San Francisco to pitch the state as an ideal location for Adobe’s research and development (R&D) facility. Lokesh emphasized that under the vision of Chief Minister N. Chandrababu Naidu, Andhra Pradesh […]

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In a significant step toward making Andhra Pradesh a global technology hub, IT and Electronics Minister N. Lokesh met Adobe CEO Shantanu Narayen in San Francisco to pitch the state as an ideal location for Adobe’s research and development (R&D) facility. Lokesh emphasized that under the vision of Chief Minister N. Chandrababu Naidu, Andhra Pradesh is fostering an investor-friendly climate, making it an attractive destination for tech and innovation-focused investments.

Minister Lokesh highlighted the state’s commitment to digital transformation, proposing that Adobe collaborate with Andhra Pradesh on its ambitious smart governance initiative. “The state is perfectly positioned for investments, and our policies are aimed at supporting innovative enterprises,” Lokesh shared with Narayen, adding that a partnership with Adobe would accelerate Andhra Pradesh’s digital evolution.

Shantanu Narayen, the Indian-origin CEO of Adobe, commended Andhra Pradesh’s progressive approach, acknowledging Adobe’s success in digital media, cloud-based services, and document productivity tools. With a global market cap of ₹17.95 lakh crore, Adobe has made a significant impact through popular products like Photoshop, Acrobat, and its AI-driven innovations. Narayen expressed optimism, stating that Adobe will consider investment opportunities after further discussions with company partners.

Minister Lokesh appreciated Adobe’s cutting-edge work in digital technology, underscoring how it aligns with Andhra Pradesh’s mission to become a leading technology hub. The discussions represent a promising potential partnership that could bring world-class R&D resources to the state, marking another milestone in Andhra Pradesh’s journey toward digital excellence.

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New TCS IT Facility in Visakhapatnam to Create 10,000 Jobs and Boost Local Economy https://www.vizagone.com/news/new-tcs-it-facility-in-visakhapatnam-to-create-10000-jobs-and-boost-local-economy/ https://www.vizagone.com/news/new-tcs-it-facility-in-visakhapatnam-to-create-10000-jobs-and-boost-local-economy/#respond Fri, 11 Oct 2024 16:00:59 +0000 https://www.vizagone.com/?p=30880 The recent announcement that Tata Consultancy Services (TCS) will establish a new IT facility in Visakhapatnam has created a buzz in the local economy. Expected to generate around 10,000 jobs, the new center is set to significantly bolster the city’s economic growth and IT ecosystem. Currently, Visakhapatnam’s IT sector is home to over 200 companies, […]

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The recent announcement that Tata Consultancy Services (TCS) will establish a new IT facility in Visakhapatnam has created a buzz in the local economy. Expected to generate around 10,000 jobs, the new center is set to significantly bolster the city’s economic growth and IT ecosystem. Currently, Visakhapatnam’s IT sector is home to over 200 companies, employing between 25,000 and 30,000 individuals, and this new TCS facility is poised to propel these numbers to new heights.

O. Naresh Kumar, Vice President of the Rushikonda Information Technology Park Association, highlighted the importance of TCS’s entry, stating that it marks a major leap forward for the city’s tech industry and the state of Andhra Pradesh. “We are eagerly awaiting TCS’s official announcement regarding the facility’s launch date,” he shared. Kumar commended the state government’s efforts to attract major IT players, noting that big names like Wipro, Infosys, and now TCS have recognized Visakhapatnam as a promising tech hub.

Kumar also emphasized the facility’s potential to improve employment prospects for women in the region. “Many families prefer not to have their daughters relocate for work,” he explained. “TCS’s presence here will allow more women to pursue rewarding careers close to home.” This sentiment echoes the broader community’s hopes that the new facility will enable local talent to thrive without needing to migrate to other cities for work opportunities.

The state government has been keen to foster a conducive environment for IT giants, with the goal of positioning Visakhapatnam as a significant player in India’s tech industry. This TCS expansion underscores the area’s growing appeal as an IT destination, creating a ripple effect that will likely attract further investments in the region.

As the tech ecosystem in Visakhapatnam continues to grow, this latest development is expected to unlock new opportunities, boost the local economy, and drive the city closer to becoming a major IT hub. With this substantial job creation on the horizon, the city is set to experience positive economic growth, supporting not only the IT sector but also various ancillary industries in the area.

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