Capgemini, Accenture to start activities from Vizag soon
Gradually the port city Visakhapatnam which is going to be the administrative capital of AndhraPradesh is emerging as head quarter of software firms and going to attract some more industries and provide thousands of jobs for youth. At present the city became home for HSBC, Wipro, Tech Mahindra, Conduent, Concentrix, WNS, Miracle Software, IBM, Patra India and other IT and ITeS units and the Tata Consultancy services is also going to set up its unit here
Recently the minister for IT and industries Mekapati Gowtham Reddy met with the delegates of Tata consultancy services(TCS) and they expressed interest to set up their unit here with the work force of 1000 IT professionals.
Minister for IT and Industries Minister Mekapati Goutham Reddy has reportedly held two rounds of discussions with TCS which has exuded confidence that it would set up a facility in the city soon. Capgemini and Accenture are also making enquiries on infrastructure available in the city, said sources. Uber recently announced that it chose Visakhapatnam as its base for its second Centre of Excellence in the country, with the first one located in Hyderabad.
Out of an estimated turnover of 2,000 crore, 80% is from BPM units. IT Association of AP (ITAAP) projects a bright future for BPM units in the State in general and Visakhapatnam in particular. Uber recently started a CoE with an investment of USD 800,000 and promised to provide employment to 500. This was the first major project set up in the city after the YSRCP government made it mandatory to provide 75% of jobs to locals. Once the proposed executive capital is set up in the city, stakeholders in the industry feel that more companies will invest in the city.
“Though the proposals are at a nascent stage, in response to the encouragement given under India BPO Promotion Scheme (IBPS), many are coming forward to start their operations in the city,” STPI Joint Director M.P. Dubey said when asked about reports of TCS, Capgemini and Accenture evincing interest to launch their facilities here.
“Visakhapatnam, because of availability of industry-ready graduates from management, engineering and other professional colleges with good English knowledge and communication skills, is emerging as a prominent hub for BPM units,” he said. Under the IBPS, financial incentive of up to 50% of expenditure incurred on BPO/ITES operations towards CAPEX and/or OPEX on admissible items, subject to an upper ceiling of 1 lakh for every seat created is given.