Nearly 16 US based IT and IT enabled sectors are planning to begin their operations before end of this year in the incubation center to be set-up in Vizag. Currently they all are operating from different cities across India and doing $20 to $100 million business per year. They said their emotional bond with the state encourages them to begin operations in the state.

Satish Manduva, CEO of Texas based Intelli Soft Technologies said “Currently, we have branches in Hyderabad, Chennai and Pune. We are now planning to set-up a 200 member team at Vizag over the next three years. We are e3xpecting to generate $15 million from this branch.

Brahma Gupta, founder of Indrasol, a mobile and analytics company incorporated in California is also keen to begin his company operations at Vizag. Sunil Kailaru, Chairman and CEO of Primus Global, a Texas based IT Solutions Company said that he believes it would be 25 percent cheaper to start operations at Vizag instead of going for expansion to their Hyderabad or Bangalore branches. Several others also, who agree with them are ready to start their company operations at Vizag.

JA Chowdary, Chairman of the Industrial Development Forum, who is putting lots of efforts to bring IT Companies to AP said that state government has announced a separate IT policy to attract them to state. He said several sops like land at rebated cost, 100% reimbursement on stamp duty, 25% subsidy on power tariff for three years period to micro small and medium companies have been declared for IT Companies in the new policy. He is quite hopeful that the new policy will brings in many IT Companies to the state in the coming days.