They plan to expand Kakinada one to support startups, with over 30 companies set to launch.
In a leap for the Information Technology sector in East Godavari district, an Incubation Centre Rajamahendravaram to support startups would come up and the existing one in Kakinada would get a facelift.
Software Technology Parks of India (STPI) Joint Director told The Hindu, “Work is in progress to provide incubation for IT startups in Vijayawada. Once completed, we will shift our focus to the district where entrepreneurs are making inquiries.”
Observing the overwhelming response from Andhra Pradesh to the Indian Business Process Outsourcing (IBPO) scheme of the Union Ministry of Electronics and Information and Technology, he said that of the 48,300 applications received from the country about 11,500 were from the State. “Incubation Centre Rajamahendravaram is one of the places from where we have received a good number of applications. The response has clearly indicated the need for developing infrastructure in the city to support budding entrepreneurs,” he said. The IT industry in Kakinada, second only to Visakhapatnam in IT exports in the last four years, employed 6,000 people in 60 startups that availed themselves of the incubation facility.
‘NRIs keen’
“Expanding the incubation facility will lead to at least 30 new companies emerging in Kakinada. Krishna Reddy Kovvuri, CEO of Krify Software Technologies, stated that NRIs from the region are eager to invest in startups.
Mr. Reddy, vice-chairman of ITAP, questioned why the government wasn’t utilizing the region’s IT potential. “Strengthening of the STPI can be an advantage to the IT sector here. Technocrats are ready to invest in youngsters with sharp brains. Infrastructural gap can only be filled by the government,” he said.
Reference Link: The Hindu
