Visakhapatnam, popularly called Vizag, is the largest city in Andra Pradesh. The city possess excellent connectivity and a strong infrastructure, although post bifurcation, due to lack of cohesive ecosystem development, the city is still to perform upto its potential. The major industrial names in the city include Hindustan Petroleum Corp, Bharat Heavy Plates and Vessels, Hindustan Zinc, Port Trust and Hindustan Ship Yard, among others.
“The Visakhapatnam market is an evolving one. The Defence Department implements IT for various processes. Also, the oil and steel companies and ports have huge demand for technology. We do storage and network solutions for them, apart from other automation,” says Trinadha Kumar, Proprietor, IP Tech Networks.
Furthermore, presence of IT companies such as Wipro, Tech Mahindra, Concentrix, IBM, Cyient among others holds for a greater development. However, the city needs to pull in more big ticket IT firms for a flamboyant growth.
“Even though there are several IT companies here, they do not mark an elaborate presence. The companies house a low seating capacity. Hardly, there are companies having more than 200 work stations,” informs Trinadha.
The IT sector churns out a decent revenue each year. The major IT business happens in medium and small business, education sector and the government space. Top educational institutions like IIM, Indian Institute of petroleum and Energy, Indian Maritime University, Kalam Institute of Health Technology, National Institute of Oceanography, make the city a destination which cannot go unnoticed in the education landscape.
“The education sector is also going through rapid digitisation in the city, although I do not specifically cater to the education sector,” says Trinadha, adding, “There is also a demand for cloud that is evolving steadily. Several start-ups are going with cloud servers in their organisations.”
The BFSI sector is, however, prospering in the city and it has its own demand for technology which is voluminous.
“The government is putting IT into its day-to-day usage for various departments. Also, BFSI is the sector which is doing very well in the city and uses large scale technology for its operations,” said Murali Venkata Krishna, President, Confederation of Andhra Pradesh Information Technology Associations (CAPITA).
Visakhapatnam has around 150 IT channel partners in the city, while the state of Andhra Pradesh has around 1,000 partners, informs Murali. Visakhapatnam is thus, well positioned for accelerated growth in various sectors with the aid of IT, ITeS and ICT and further contribute to the state’s economy.