Andhra Pradesh - Visakhapatnam   

Satyam opens shop in Vizag

Staff Reporter

IT'S COME TRUE: Chief Minister Y.S. Rajasekhara Reddy claps as Satyam Chairman B. Ramalinga Raju lights the lamp to mark the inauguration of Satyam City Center in Visakhapatnam on Thursday. Minister for Mines T. Subbarami Reddy looks on. — Pho to: C.V. Subrahmanyam

VISAKHAPATNAM: The `City of Destiny' became the first Tier II destination in the State to get an IT player of global repute with the inauguration of Satyam City Center by Chief Minister Y.S. Rajasekhara Reddy on Thursday.

Satyam has invested Rs.55 crore on the city center, near Bullayya College, with plans to employ 2,000 people.

It will develop a special economic zone (SEZ) on 50 acres allotted to it near Bheemunipatnam with an employment potential for 8,000 to 10,000 people.

Pyrotechnics' show

Inaugurating the center after a show of pyrotechnics and a hi-tech presentation on a mega screen on its mission, Dr. Reddy urged Satyam to establish centers at other Tier II destinations like Vijayawada, Warangal and in Rayalaseema.

"Whatever infrastructure they need, we are ready to offer," he said.

The Chief Minister said the service and tourism sector had tremendous potential to grow while agriculture had no such promise.

Union Minister of State for Mines T. Subbarami Reddy said the entry of Satyam would usher in a new era in the development of Visakhapatnam and complimented the Chief Minister for his initiative to focus on developing IT cities and towns.

Satyam Computers Services Limited Chairman B. Ramalinga Raju said the company felt proud to be associated with Visakhapatnam.

"I am confident that our company will do well here and we in Satyam do believe that IT has created a value system in a borderless manner," he said.

Satyam Computers Managing Director B. Ramaraju, Mayor P. Janardhana Rao, S. Rangaraju and T. Gurumurthy Reddy, MLAs, District Collector A.K. Singthal and others were present.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

IT sector poised for phenomenal growth, says Ramalinga Raju
Another public hearing for Jindal refinery soon
Satyam opens shop in Vizag
WiFi hotspots at three places
Halt water meters, YSR urged
Around the City
In Visakhapatnam Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu