With the inauguration of the iconic Millennium Tower, Vishakhapatnam is sure to become the technological capital of Navya Andhra Pradesh. Believed to be resistant to cyclones, this Internet of Things-enabled tower will cover a built up area of 2, 00,000sqft which will then be allotted to the various operators of plug and play. It will also boast of a parking space of 150,000sqft. Situated at Rushikonda hills that overlooks the sea, the work of this tower is underway and is going on at a fast pace.
The project that will be finished by September is being funded by the Information and Communication Technology Department of AP with the onus of the execution of the idea having fallen on Andhra Pradesh Industrial Infrastructure Corporation.
A total of INR 80 crores is being spent on this project. This sum does not include the amount paid for acquiring
the four acres of land on which the tower is being built.
According to the CEO of AP Electronics and IT Agency (APEITA), Mr. V. Srinivasa Moorthy, the construction of the tower is being carried out at a fast track mode. He further added that with this project they aim at making Vishakhapatnam an IT hub with prime focus being on start up ventures and organizations that specialize in financial technologies as well as other modern technologies like cloud computing, IoT, blockchain and cyber security. It should be noted that APEITA has its headquarters at Cyber Valley in Rushikonda and is a government promoted autonomous agency.
This iconic and ambitious project which is located near the Sunrise Incubation Hub has two other towers too coming up, one of which may get completed by June or July, this year.
For the time being, the startups and IT companies that wish to be associated with the towers have been allotted working space in buildings that were rented from Tech Mahindra, VUDA and a couple of private owners in Rushikonda and VIP Road.
Once the Millennium Tower starts operations, it is believed that the IT turnover of Vizag will shoot up to a whopping INR 2,000 crores. Ravi Eswarapu, the President of IT Association of AP stated that with this project they aim at welcoming various initiatives from the IT investors that will transform Vishakhapatnam into the new state’s IT capital. He believes that with this objective they would be able to enhance the volume of the business five times over and would be able to cross the INR 10,000 crore turnover mark in the next five years.