VISAKHAPATNAM: The Visakhapatnam Urban Development Authority (VUDA) and Software Technology Parks of India (STPI) signed an MoU for setting up an incubation centre at Siripuram junction. The VUDA offered prime land opposite its administrative building at Siripuram, which costs Rs 16.7 crore for the incubation centre. The STPI will set up the centre at a cost of Rs 46 crore with all advanced technology. The STPI had announced that its construction would be completed in 18 months.
VUDA V-C T Baburao Naidu and STPI director Ramprasad signed the MoU papers in the presence of Union Minister of Communications and IT Ravi Shnkar Prasad and Chief Minister N Chandrababu Naidu here on Thursday.
According to the MoU, the6 STPI will construct G+7 floors building providing 62,000 sft for the operations with 3,300 sq.mtrs parking area. As many as 50 cars and about 160 two-wheelers can be parked in the slot. The centre will work in two shifts, providing jobs to as many as 2,500 persons. On the occasion, Ramprasad informed the minister that the incubation centre would be set up with robotics and applications would be made according to the needs of the Indian Navy.
Addressing a review meeting with the BSNL, Postal, IT and NIC officials, Ravi Shankar Prasad directed them to expand the BPO services in Visakhapatnam. The minister also directed officials to set up National Informatics Centre in Amaravati. On the BSNL activities, the minister had given a target to achieve second place in the state in the coming days. The minister directed the Chief Postmaster General to expand the core banking activities in the post offices across the state.