Introduction:
In a significant move to strengthen the Information Technology sector, the Andhra Pradesh government has granted approval for a new IT campus in Visakhapatnam. Quarx Technosoft Private Limited will establish this campus with an investment of ₹115 crores, a project set to create substantial IT employment opportunities in Visakhapatnam. The initiative aligns with the state’s IT Policy 4.0 and is expected to be a major economic driver for the region.
Government Allocates Land and Sets Deadlines
The state government has officially issued orders, allocating four acres of land for the project at a rate of ₹1 crore per acre. Located in Kapuluppada, Visakhapatnam, the campus will focus on advanced technological domains, including Advanced Digital Engineering, Artificial Intelligence/Machine Learning, Cloud Computing, and Cyber Security. The government will provide the necessary incentives under the AP IT & GCC Policy 4.0.
Project Timeline and Directives
The government has outlined a clear timeline for the project’s completion. Authorities have directed that initial phase operations must commence within two years of the agreement’s finalization. The entire project is mandated for completion within a five-year framework. The IT & Electronics Department Secretary, K. Bhaskar, has instructed the Managing Directors of APTICS and APIIC to take the necessary follow-up actions.
Economic Impact and Job Creation
This development is projected to be a significant boost for Vizag’s IT landscape. Industry experts anticipate that the new Quarx Technosoft campus will directly generate approximately 2,000 jobs, fostering skill development and attracting more tech enterprises to the city. This move solidifies Visakhapatnam’s position as a key IT hub on India’s east coast.
FAQs on IT employment opportunities in Visakhapatnam
- Where will the new Quarx Technosoft campus be located?
The new IT campus will be established in Kapuluppada, Visakhapatnam, Andhra Pradesh. - How many jobs will this new IT campus create?
The project is expected to create direct employment opportunities for around 2,000 professionals. - What is the total investment for this project?
Quarx Technosoft is investing ₹115 crores in the development of this new IT campus.
Conclusion on IT employment opportunities in Visakhapatnam
The establishment of Quarx Technosoft‘s new campus marks a pivotal step in expanding Andhra Pradesh’s IT infrastructure. By generating significant IT employment opportunities in Visakhapatnam, this project promises to accelerate the region’s economic growth and establish it as a premier destination for technology innovation and talent.
Disclaimer: This article is for informational purposes only. The investment figures, job creation estimates, and project timelines are based on government and company announcements and may be subject to change.
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