Visakhapatnam, April 02, 2018: Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday said that Visakhapatnam will become a fintech hub in the country in future as Information Technology(IT) sector in Andhra Pradesh was gaining momentum .
Addressing the gathering after inaugurating the office of Franklin Templeton Investments here ,the Chief Minister said it was a good sign for Visakhapatnam city that a major company, a Fortune 500 company, like Franklin Investments had chosen to set up a centre in the city.
“The company will invest Rs 450 crores here gradually on setting up the centre and provide 2,500 high-end jobs. Today it has opened the office,” he said. He recalled how the company had first set up the centre in Hyderabad in the united AP way back in 2002 and he expressed confidence that the Vizag centre would be even more successful than the one in Hyderabad.
The president and the Chief Operating Officer (COO) of the company, Jennifer M Johnson, said the company had good confidence and faith in the Chief Minister who was the key
architect and visionary who built up the IT sector in Hyderabad and is doing so now in Visakhapatnam. She expressed confidence that the Vizag centre would flourish.
Earlier, the Chief Minister inaugurated the centre of Conduent Inc. in the IT park at Rushikonda. The company will generate 5,000 jobs in the next two years and it will invest roughly Rs 650 crores. The Chief Minister said he was trying to create the right eco system for IT companies to flourish in the city.
In this connection , he lamented, some political parties were creating hurdles in the onward march of the State on the path of progress. He said unfortunately a hue and cry was
being raised over the allotment of land on the beach road to Lu Lu group to build a world class convention centre and shopping mall. Visakhapatnam needs such convention center.
“Vizag needs such a convention centre. After all, it can only be built on land and not in the air,” he said, taking a dig at the political parties and others opposing the decision.
United News Of India
