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Andhra Pradesh - Three IT towers yet to take off in city
VISAKHAPATNAM: Even though the AP government has loudly proclaimed several times that the Port City will be developed as an IT destination, three proposed towers with a combined estimated cost of around Rs 360 crore for IT are yet to take off in Vizag.
The first tower to be mooted for IT was by the Software Technology Parks of India (STPI), which along with the Visakhapatnam Urban Development Authority (Vuda), was planning a domain specific innovation and incubation centre on IT/ITeS in marine, petroleum and power at Siripuram.
The proposal was first mooted by STPI in 2009, following which it approached Vuda to develop the tower on an area of around 2,571 square metres behind the existing Vuda building. According to initial estimates, the project is expected to cost around Rs 30-35 crore and comprise between 9 and 12 storeys with plug and play facility for small and medium enterprises.
On its part, the state is maintaining that the project is in place. "A Chennai-based consultant was roped in for preparing the detailed project report (DPR). The DPR is likely to be submitted to us in 40 days," said a senior Vuda official. "Based on the DPR, we will be taking up the project," he added.
The second tower proposed for IT was at the Visakhapatnam Special Economic Zone (VSEZ) premises in Duvvada. Incidentally, Union minister for commerce and industry Nirmala Sitharaman even laid the foundation stone for the tower in August last year, which is expected to cost around Rs 40 crore.
The IT tower was to come up over 2.5 acres with a plinth area of 1.09 lakh sft with plug and play facilities for IT firms along with two floors set aside exclusively for data recovery centres.
On this project, the state says the ball is in the centre's court. "The funds for the project have to be released from the union information technology ministry. We have already requested the ministry for funds to take up construction work of the project. Once the funds are released, then CPWD will take up work on the building," a VSEZ official said.
While these two towers are yet to take off, the third tower - IT Signature Tower - which was announced by chief minister N Chandrababu Naidu at the end of last year, is also yet to take flight.
While the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) roped in Jones Lang LaSalle (JLL) as a consultant for the project and the request for proposals was invited from prospective developers, it is yet to be finalised. The first phase of the project is estimated cost around Rs 291 crore with an area of 9.50 lakh sft including space for IT firms as well as retail space, food and beverage counters.
"The developer will be finalised on December 6," said an APIIC official, when asked about the status of the project.
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Andhra Pradesh - Three IT towers yet to take off in city
VISAKHAPATNAM: Even though the AP government has loudly proclaimed several times that the Port City will be developed as an IT destination, three proposed towers with a combined estimated cost of around Rs 360 crore for IT are yet to take off in Vizag.
The first tower to be mooted for IT was by the Software Technology Parks of India (STPI), which along with the Visakhapatnam Urban Development Authority (Vuda), was planning a domain specific innovation and incubation centre on IT/ITeS in marine, petroleum and power at Siripuram.
The proposal was first mooted by STPI in 2009, following which it approached Vuda to develop the tower on an area of around 2,571 square metres behind the existing Vuda building. According to initial estimates, the project is expected to cost around Rs 30-35 crore and comprise between 9 and 12 storeys with plug and play facility for small and medium enterprises.
On its part, the state is maintaining that the project is in place. "A Chennai-based consultant was roped in for preparing the detailed project report (DPR). The DPR is likely to be submitted to us in 40 days," said a senior Vuda official. "Based on the DPR, we will be taking up the project," he added.
The second tower proposed for IT was at the Visakhapatnam Special Economic Zone (VSEZ) premises in Duvvada. Incidentally, Union minister for commerce and industry Nirmala Sitharaman even laid the foundation stone for the tower in August last year, which is expected to cost around Rs 40 crore.
The IT tower was to come up over 2.5 acres with a plinth area of 1.09 lakh sft with plug and play facilities for IT firms along with two floors set aside exclusively for data recovery centres.
On this project, the state says the ball is in the centre's court. "The funds for the project have to be released from the union information technology ministry. We have already requested the ministry for funds to take up construction work of the project. Once the funds are released, then CPWD will take up work on the building," a VSEZ official said.
While these two towers are yet to take off, the third tower - IT Signature Tower - which was announced by chief minister N Chandrababu Naidu at the end of last year, is also yet to take flight.
While the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) roped in Jones Lang LaSalle (JLL) as a consultant for the project and the request for proposals was invited from prospective developers, it is yet to be finalised. The first phase of the project is estimated cost around Rs 291 crore with an area of 9.50 lakh sft including space for IT firms as well as retail space, food and beverage counters.
"The developer will be finalised on December 6," said an APIIC official, when asked about the status of the project.
Stay updated on the go with Times of India News App. Click here to download it for your device.
This Blog helps you to have a better understanding of STPI scheme, export of IT & software and software services including Information Technology (IT) enabled services/ Bio- IT And other export promotion scheme of Government of India.
You are requested to join STPI Blog for the latest updates, news, RBI guidelines for exporters, FEMA Regulations and other related information.
Become Follower of Our Blog - http://stpi-scheme.blogspot.com/
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