ruddandi..ruddani...

[balancer]

 

 

[FrustratedVuncle]

3 minutes ago, balancer said:

 

 

[balancer]

 

 

[balancer]

 

 

[balancer]

 

 

 

[andhra_jp]

1997 article anna

 

Andhra may offer more tax sops to IT companies

The Andhra Pradesh government is planning to announce more concessions in excise and sales tax to attract information technology industries to the state.

The state government's decision stems from the fact that the proposed joint venture project of Hitech City in Hyderabad has not evinced much interest among the infotech firms.

 

The Hitech City, which is a joint venture between the Andhra Pradesh Industrial Infrastructure Corporation and Larsen and Toubro, is expected to create 400,000 square feet of built-up area at a cost of Rs 800 million in the first phase. Though the construction work has been making steady progress, there have been few enquiries from the infotech industry so far.

According to representative of Larsen and Toubro, the engineering giant will only go ahead with the second phase work after weighing the success of the first phase.

Inaugurated six months ago, the Hitech City project is expected to become a supermarket for the infotech industry in the country.

According to an APIIC official, indifference of the government agencies toward the infotech firms who have apportioned land around the Hitech City has snowballed into a campaign against the joint venture project.

The Larsen and Toubro official said that the high cost of the new facility (at $70 per square feet) is keeping the infotech firms away.

However, he added that "we are still lower than the cost of Rs 5,000 per square feet at the Hitech facility created near White Field in Bangalore".

IIIT privatisation

The state government has suffered a major setback in its efforts to privatise the International Institute of Information Technology too. Of the 40-odd infotech majors, only Tata-IBM and Microsoft have come forward to participate.

The Institute would begin functioning from January.

Although a massive building has been constructed for IIIT, the government, which had offered a one-time grant of Rs 500 million, is not confident of achieving its objective of enlisting the support of international infotech majors.

Microsoft Chairman Bill Gates has already written off the State as its Indian base for lack of infrastructural facilities though he was initially impressed by the keenness of state Chief Minister N Chandrababu Naidu.

In a recent interview, Gates said that his company is still looking for an ideal location for investment which is expected to be of the order of $1 billion.

https://www.rediff.com/computer/oct/13ap.htm

[andhra_jp]

Microsoft Chairman Bill Gates has already written off the State as its Indian base for lack of infrastructural facilities though he was initially impressed by the keenness of state Chief Minister N Chandrababu Naidu.

In a recent interview, Gates said that his company is still looking for an ideal location for investment which is expected to be of the order of $1 billion.

[Android_Halwa]

18 minutes ago, balancer said:

 

 

 

Ante AP ivala diwala teese stage ki vastundi ani baboru ki oka 20 years munde telsu antav…

[a4apple]

pakkodi kastam ki siggu lekunda credit kotteyadam ee madhya Mari ekkuvaipoindi everywhere evadi range ki vadu doing 

[vetri_psyconandamuri]

2 hours ago, FrustratedVuncle said:

Lol such a brutal way to spit on tdp pacha paytms like @akkum_bakkum

Still he will wipe and come back without shame

[ARYA]

Indulo tappu em undi nijame ga 

[yslokesh]

1 hour ago, ARYA said:

Indulo tappu em undi nijame ga 

Comments sectikn choodu bro…, okkokkadu yeesukuntunnaadu… some of them are even Pullas

[yslokesh]

3 hours ago, andhra_jp said:

1997 article anna

 

Andhra may offer more tax sops to IT companies

The Andhra Pradesh government is planning to announce more concessions in excise and sales tax to attract information technology industries to the state.

The state government's decision stems from the fact that the proposed joint venture project of Hitech City in Hyderabad has not evinced much interest among the infotech firms.

 

The Hitech City, which is a joint venture between the Andhra Pradesh Industrial Infrastructure Corporation and Larsen and Toubro, is expected to create 400,000 square feet of built-up area at a cost of Rs 800 million in the first phase. Though the construction work has been making steady progress, there have been few enquiries from the infotech industry so far.

According to representative of Larsen and Toubro, the engineering giant will only go ahead with the second phase work after weighing the success of the first phase.

Inaugurated six months ago, the Hitech City project is expected to become a supermarket for the infotech industry in the country.

According to an APIIC official, indifference of the government agencies toward the infotech firms who have apportioned land around the Hitech City has snowballed into a campaign against the joint venture project.

The Larsen and Toubro official said that the high cost of the new facility (at $70 per square feet) is keeping the infotech firms away.

However, he added that "we are still lower than the cost of Rs 5,000 per square feet at the Hitech facility created near White Field in Bangalore".

IIIT privatisation

The state government has suffered a major setback in its efforts to privatise the International Institute of Information Technology too. Of the 40-odd infotech majors, only Tata-IBM and Microsoft have come forward to participate.

The Institute would begin functioning from January.

Although a massive building has been constructed for IIIT, the government, which had offered a one-time grant of Rs 500 million, is not confident of achieving its objective of enlisting the support of international infotech majors.

Microsoft Chairman Bill Gates has already written off the State as its Indian base for lack of infrastructural facilities though he was initially impressed by the keenness of state Chief Minister N Chandrababu Naidu.

In a recent interview, Gates said that his company is still looking for an ideal location for investment which is expected to be of the order of $1 billion.

https://www.rediff.com/computer/oct/13ap.htm

Definitely good attempt and effort from State Govt that time. But remember he was the CM of the state with unlimited powers and that gave him the power and money to dk what he wanted.

Many positive factors too: IT was about to explode, millions of opportunities for Govt and individuals, already educated middle class etc.

But CBN or AP were not alone in this.

Bangalore was already No.1 but neighbouring states like TN and Kerala also catching up. Delhi NCR gaining momentum. even Kolkata also had It park by 2001.

on the flipside, the biggest beneficiaries of real estate boom of Hitech city was maavaallu.

Also AP got crippled in almost every other sector with the state CM putting all energies on this IT