top of page
Search

šŸ”„ Big Investments Alert: Four Major Companies Coming to VizagšŸš€

TL;DR:The Andhra Pradesh govt has given the green light to investment proposals worth ā‚¹20,216 croreĀ from four mega companiesā€”Sify, Sattva, BVM & ANSRā€”to set up bases in Visakhapatnam (Vizag). These setups are expected to generate over 50,000 jobs, pushing Vizag towards becoming a major tech and IT powerhouse!

šŸ“° Story Highlights

CM Chandrababu Naidu chaired the 9th State Investment Promotion Board (SIPB)Ā meeting on July 23, where major investment plans were approved. This move is part of the governmentā€™s hustle to turn Vizag into Indiaā€™s next big tech zone.

šŸ“Œ What each company is planning:

  • Sify TechnologiesĀ is dropping a crazy ā‚¹16,466 crore on a data centre in Vizag! But waitā€”only 600 jobs? High investment, low employment. Still, the infra boost will be solid.

  • Sattva GroupĀ is setting up a mixed-use tech campus in Madhurawada with ā‚¹1,500 crore, aiming to generate a massive 25,000 jobs! šŸ”„ #TechJobs

  • BVM Tech ParkĀ is investing ā‚¹1,250 crore at Endada and is promising 15,000 new jobsĀ for local talent!

  • ANSR GroupĀ will bring a Global Capability Centre (GCC) campus worth ā‚¹1,000 crore, also in Madhurawada, with plans to employ around 10,000 people, especially skilled youth.

AP's IT minister N. Lokesh is going full throttle on branding Vizag as the next big IT destination. Word isā€”Indiaā€™s first quantum computing facilityĀ and Googleā€™s largest data centre outside the USĀ might also land in Vizag soon.

But Naidu ainā€™t just thinking about investmentsā€”heā€™s calling for a future-ready master planĀ for Vizag! Think: better roads, metro, housing, green zones, and no Bengaluru-type mess!

And itā€™s not just these four companies. Since Naidu took over, the SIPB has cleared 113 major projectsĀ across sectorsā€”industry, tourism, food processing, energy and moreā€”worth a jaw-dropping ā‚¹5.94 lakh crore, expected to create over 5.5 lakh jobs!

šŸ’¬ MediaFx Peopleā€™s Take

This sounds super flashy on paper... but letā€™s askā€”Who REALLY benefits?

If youā€™re a student, jobseeker, or a daily-wage worker in Vizag, this could mean: More job chancesāœ… Better roads & services Tech growth in your city

BUT... we gotta keep it realāŒ Will locals get hired, or just outsiders with fancy degrees? Will poor people get pushed out due to rising rents & land grabs? Are these just handouts to corporates, while common people stay poor?

Our Verdict: Development is goodā€”but ONLY if the benefits go to the common public, not just the rich elite. Infrastructure must be for everyone, jobs must reach local youth, and projects must protect peopleā€™s rightsĀ and the environment.

We wanna hear from YOU:

šŸ’¬ Are you from Vizag? Looking for a job in tech? Think these projects will change your future?Drop your thoughts in the comments and tag a friend who needs to see this!


bottom of page