AP Minister Nara Lokesh launched a Tech Mahindra -Cyber Tower

Vishakapatnam, Aug 24: The Andhra Pradesh Minister for IT and Panchayat Raj Nara Lokesh has inaugurated the new building of Tech Mahindra - Cyber Tower taken on lease by AP Electronics and IT Agency (APEITA), on August 24.

The tower is located in the heart of the city and the new building has one lakh sqft. The space at the 11-floor including parking space in the basement is the State-of-the-art facilities. It is taken on lease by APEITA to encourage investments in IT sector.

In addition to Tech Mahindra's new facility, the AP government has taken three buildings on lease in the city to solve the problem of space constraint for allotment to investors with plug and play facilities.

A structure belonging to Mahati Software at Cyber Valley located at Rushikonda which was subsequently converted into FinTech Tower, 24,000 sft at VUDA building at Seethammadhara and 35,000 sft at a commercial building on VIP road have been taken lease.

APEITA is constructing Millennium Tower at Rushikonda close to the Incubation Hut where two lakh sft of the built-up area is being provided in an IoT-enabled cyclone-resistant super-structure at a cost of Rs 180 crore.