8 IT companies inaguarated by Chandrababu Naidu

Vijayawada, February 18: The Chief Minister of Andhra Pradesh N. Chandrababu Naidu decided to make Amaravati a knowledge and IT hub on Friday.He inaugurated the first bunch of IT companies established at Indewell complex in Autonagar industrial estate.The Chief Minister said that knowledge-based economy is going to dominate the future development.He said those who have excelled in various fields should come back and invest in the new capital.Mr Naidu assured all help from the government to those who come up with innovative ideas. He also said hardware technology would be developed at a cost of Rs 200 crore at NTR complex in Vijayawada in June.He said priority would be given to software companies in Amaravati by providing better facilities than in Hyderabad and Bengaluru.He said the eight IT companies started today would provide employment opportunities to 650 candidates. He said nine IT companies started functioning in Visakhapatnam and 20 IT companies ready to start their operations in Vijayawada. The eight IT companies set up at the Indwell IT Park include Edbricks, Adept Talent, Vintech, PayTM, Advance Soft, Accel IT, Jolt, Damian Consulting and MSR Cosmos. Andhra Pradesh Non-Resident Telugu (APNRT) Association has played liaison in bringing these companies.CEO of APNRT and adviser to the state government Ravi Vemuru said recreation of an ideal IT ecosystem requires the right balance of students, training institutes and IT companies."Andhra Pradesh has all these ingredients and we are now seeing that result in Amaravati and Visakhapatnam with the influx of several IT companies," he observed. The Chief Minister has also inaugurated a web portal , developed by APNRT, which was intended to connect the job-seekers, training institutes and job-givers at one place.