It is amazing when the people of Telugu origin settled elsewhere come forward to ‘contribute’ to their home ground. Going by the same spirit, an NRI wants to make a sea difference to his place, Tirupati.
Parvatha Reddy Balaram Reddy, chairman of the US-based CommuniClique Inc., is on a mission to empower his homeland. Reddy plans to bring an offshore office of his company to Tirupati, making it the first IT multinational company in the temple city. That is not all, as he plans to establish a state of the art ‘Srivari Valley’, which will be the Sunrise State’s answer to the Silicon Valley.
The planning of Srivari Innovation Park
An all new ‘Srivari Innovation Park’ has been proposed on a 250-acre site near the new Indian Institute of Technology (IIT) campus at Yerpedu. A Preliminary Project Report (PPR) has been prepared to this effect.
“It will be an innovation hub, facilitating interaction between enterprising brains and experienced academicians. We have taken cue from the Stanford Innovation Park near Stanford University and the Madras Innovation Park near IIT-Madras,” Dr. Reddy shared with a leading newspaper daily.
Owing his success to the Sri Venkateswara University College of Engineering (SVUCE) where he stood out as a gold medalist in the mid-sixties, Dr. Reddy’s first pay was modest Rs. 375 as a lecturer. He now is the proud chairman of a company that netted $75 million in revenue in 2015 and is gearing up for $130 million for 2016.
Launched in 2006, CommuniClique provides voice and SMS service to millions of users across multiple platforms, with 4,000 developers in 150 countries. Dr. Reddy plans to get the word out on hiss new plans in Tirupati at the conferences from February 13 to 14 in Mumbai and from February 15 to 16 in Delhi, where Chief Minister N. Chandrababu Naidu will market Andhra Pradesh as a potential state for investments.
“This is an opportunity for us to showcase Tirupati. The company will soon organize a developers’ conference or with around 4,500 developers to set the idea in motion” Reddy says.