Andhra Pradesh government plans to create IT concept cities

01 Mar 2023 CW Team

According to IT minister Gudivada Amarnath, the state government intends to establish three IT Concept Cities in Visakhapatnam, Tirupati, and Anantapur.

"With ambitions to establish three IT Model towns in Visakhapatnam, Tirupati, and Anantapur, Andhra Pradesh is making great leaps in the development of its IT industry. These cities were chosen for their proximity to user sectors, availability of human capital, and current technological presence. The objective is to draw domestic and international IT/ITeS companies from a variety of industries, including healthcare, education, travel, insurance, and banking "Amarnath remarked.

According to him, the IT industry will benefit from the IT Concept cities' quick execution and cost savings.

The time it takes to launch operations will be cut in half thanks to prompt clearances, and there will be seamless access to highways and airports.

In addition to plug-and-play IT office space and co-working spaces, he stated, "the availability of competent people will be ensured, and world-class IT-driven common and social infrastructure will be given." The state also brags about a trend in operating costs that is 20–25% lower, with a 5% average difference between challenger and aspirant cities.

According to him, AP's IT strategy is forward-thinking and includes provisions for work-from-home incentives, electricity tariffs, transportation subsidies, and start-up ecosystem development.

Real Estate

22 Feb 2025

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..