History
Soon after India started witnessing an IT revolution with Bangalore as key IT hub, the government of AP then chief minister Nara Chandrababu Naidu realised the need for infrastructure to attract investments of several IT companies. It was a well known fact that a large number of IT professionals working in Silicon valley and other technology hubs were from this region. This prompted the government to start the project with private investments.
The project was commissioned initially with L&T ECC and was named L&T INFOCITY. Then several other companies started to partner with the government after the project's success. Vijayawada IT Zone is the first IT/ITES SEZ Project in Coastal Andhra, providing a totally integrated township for discerning IT professionals to work and live. The Project is being developed by Larsen and Toubro Limited through its Special Purpose Vehicle, L&T Hitech City Limited, a joint venture company of L&T Infocity Limited and Andhra Pradesh Industrial Infrastructure Corporation Limited.
The project is spread over 30 acres (120,000 m2) of land and is located right opposite to Gannavaram airport. It is envisaged to develop 1,100,000 sq ft (100,000 m2). of IT space and 450,000 sq ft (42,000 m2). of residential space in a phased manner. The Project offers multitenanted as well as Built-to-suit (BTS) facilities. It is strategically located in the resource rich locality of Andhra Pradesh, offers space at most economical prices with low operational costs ideally meeting individual customer’s requirement. It also caters to all segments of the IT Industry including small & medium enterprises, with office areas starting from as small as 2,500 sq ft (230 m2).
Moreover, it is located only 20 minutes driving distance from the city and is well connected to the rest of the country by rail, road and air. MEDHA, the first Phase of the Project is operational with about 2 lakh sq. ft. of Built-up space. It is being equipped with Cafeteria, Fitness centre, Business Centre, Bank, ATM etc., The first IT block "MEDHA" was inaugurated by Sri K.Rosaiah, Hon’ble Chief Minister of Andhra Pradesh on 28 January 2010.
The project was initiated by APIIC with participation of private infrastructure companies like L&T, Raheja corporation, Ascendas ITPark, Vanenburg Corporation,SP,RMZ corporation, Divyasree infrastructure, Lancohills technology park,DLF, EmaarMGF and others. The area acts as a major IT hub of Hyderabad. It comprises IT parks such as L&T Infocity, Hitech City2 SEZ, Vanenburg IT Park or The V, Mindspace Cyberabad SEZ, DLF IT SEZ, Satyam Computers IT SEZ, TCS Synergy park IT SEZ, SEZs of Infosys, Wipro and APIIC, built to suit campuses of several major technology companies.
Read more about this topic: HITEC City
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