Key Highlights
- IBM returns to Visakhapatnam after six years.
- Capgemini plans a permanent campus in the port city.
- IBM’s projected exports are Rs 321 crore for three years, accommodating over 500 employees initially.
- Capgemini seeks land for its permanent campus, with talks ongoing at the state level.
IBM Returns to Visakhapatnam
Visakhapatnam, a bustling port city in Andhra Pradesh, is poised to welcome back IBM after a six-year hiatus. The tech giant registered recently with the Software Technology Park of India (STPI), signaling its renewed interest in the region’s growing IT ecosystem.
The Return and Initial Plans
IBM’s projected exports are set at Rs 321 crore for three years, indicating a significant boost to the local economy. The company plans to initially accommodate over 500 employees, with its presence on Hill No 3 of the IT SEZ in Madhurawada a reminder of its past contributions.
Capgemini’s Permanent Campus
Meanwhile, Capgemini is eyeing a more permanent presence in Visakhapatnam. The company has visited areas like Kommadi and Anandapuram for potential land allocations, with plans to set up a campus that could accommodate around 4,000 employees.
Talks and Land Allotment
A key meeting between the state IT minister Nara Lokesh and Capgemini senior officials on March 12 will likely provide more clarity on land allotments and other related issues. Sources suggest that Capgemini is focusing its efforts in Vizakhapatnam, with talks ongoing at the state level.
You might think this is new, but it’s part of a broader trend where tech giants are increasingly seeking out cities like Visakhapatnam for their strategic locations and growing IT talent pools. The region’s potential as an IT hub cannot be ignored, making these investments significant not just for Vizakhapatnam but for the entire state.
