The entry of two big companies, including a multinational, into the Capital region of Andhra Pradesh has set the tone for its industrial growth post-bifurcation. The Industries Department is optimistic that more companies will make this region their destination aided by simplified procedures and a slew of fiscal and non-fiscal incentives envisaged in the new Industrial Investment Promotion Policy. US-based Pi Data Center (PDC) and Pune-headquartered Sahyadri Industries Limited (SIL) are the two biggies which started foraying into the Capital region. The first major entry of the sort by the PDC, which has come forward to set up a 5,000-rack Tier-IV Data Centre in the Andhra Pradesh Industrial Infrastructure Corporation (APIIC)’s layout at Mangalagiri in Guntur district at a total investment of Rs. 600 crore spread over five years.
The government allotted 10 acres of land there for it and instructed the APIIC to take necessary steps for giving possession of the land to the PDC on lease for 33 years at a lease premium / price of Rs. 1 crore per acre.
The entry of the PDC is a significant milestone as the region has no other such major player in the IT, ITES sector operating either in Vijayawada or Guntur.
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The PDC’s Tier-IV Data Centre is said to be the first-of-its-kind facility planned by an MNC in south India. It will be governed by the Information Technology Policy 2014-20. The only other place where a considerable IT/ITES activity is going on is the Software Technology Park of India (STPI) situated opposite Maris Stella College in Vijayawada city but it has nothing to do with big data storage.
US-based Pi Data Center (PDC) and Pune-headquartered Sahyadri Industries Limited (SIL) are the two biggies which started foraying into the Capital region