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ITIR in Vizag expected to be in place soon: AP Governor

ITIR in Vizag expected to be in place soon: AP Governor - Economic Times You are here: Home>CollectionsITIR in Vizag expected to be in place soon: AP GovernorPTI Jan 26, 2014, 03.20PM IST(The Centre recently notified…)

HYDERABAD: The Information Technology Investment Region (ITIR) in Visakhapatnam is expected to be in the place soon and the project would get clearances on a fast-track mode, Andhra Pradesh Governor E S L Narasimhan said in his Republic Day speech here today.

The Centre recently notified Hyderabad as an ITIR which is expected to be developed in an area of about 202 sq kms.

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On completion, ITIR would generate an estimated revenue of around Rs 3.11 lakh crore, besides providing direct employment to nearly 15 lakh professionals and indirect employment which will benefit five million people.

"My government has initiated measures to set up IT incubation centres in several cities and towns across the state. IT investment region (ITIR) in Visakhapatnam is soon expected to be in place and this project is likely to get clearances on a fast-track mode", the Governor said.

The state government has approved a policy for promoting gaming, animation, media and entertainment (GAME) sectors and in tune with it, a first-of-its kind GAME Park in Ranga Reddy district is coming up, he said.

"This Park, upon successful completion, will provide office space to 100 enterprises, employment opportunities for 15,000 professionals and will achieve USD 500 million in exports", the Governor said.

Observing that the IT sector in Andhra Pradesh is surging ahead and has registered a turnover of over Rs 64,000 crores during 2012-13, the Governor said the sector's growth rate is expected to be robust during the current year.

"The total recruitment of IT professionals in the sector in the state stands at 3.27 lakh. The Centre has sanctioned three National Investment and Manufacturing Zones (NIMZ), one each to Chittoor, Prakasam and Medak districts.

Each NIMZ, spread over 5000 hectares, is expected to attract investments of Rs 30,000 crores", Narasimhan said.

He said the foundation stone for a prestigious Aerospace Park in Ibrahimpatnam mandal of Ranga Reddy district (on the outskirts of Hyderabad) had been laid.

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