N. Chandrababu Naidu Inaugurates Tower-1 of Millennium Tower in Visakhapatnam for IT and ITES Investments

1. N. Chandrababu Naidu Inaugurates Tower-1 of Millennium Tower in
Visakhapatnam for IT and ITES Investments
Shri. Nara Chandrababu Naidu has been a visionary leader who has always
put the people's interests first. Under his leadership, the former TDP
government in Andhra Pradesh has taken several steps to promote the
development of the city and improve the lives of its residents. The inauguration
of Tower-1 is just one of many initiatives that the TDP government has
undertaken to make Visakhapatnam a hub for investment in IT and ITES. The
Vishakapatnam district TDP news section on the official Vishakapatnam TDP
website gives more information about the Top TDP Achievements in
Vishakapatnam.
During his recent regime, Nara Chandrababu Naidu inaugurated the 10-floor
Tower-1 of the Millennium Tower in Rushikonda, which has been built with an
investment of ₹145 crores. The tower, with a built-up space of two lakh sqft and
1.5 lakh sqft for parking, will provide a boost to the TDP developments in
Vishakapatnam and efforts to attract investment in the city.

2. The previous TDP government of Andhra Pradesh under the leadership of Shri.
Nara Chandrababu Naidu has taken a significant step towards promoting
Tower-1, which was built in an area of four acres, has four floors with an area of
one lakh square ft of built-up space allotted to Conduent, a global leader in
digital interactions with operations in 35 countries.
The TDP Vishakapatnam municipal corporation has given the company space
for six months without any charge, and after that, it is given payment of ₹30 per
square ft to Conduent. The company has been operating in two rented buildings
at the Madhurawada IT Special Economic Zone for nearly one year and has
plans to provide 5,000 jobs to serve its global clients through its Indian arm in
the spheres of technology, transportation, healthcare, public safety, HR, process
automation, and operational excellence.
The TDP government and the Vishakapatnam district TDP MLA's decision to
allow the space to Conduent is a testament to its commitment to attracting
investment in the city. The company's focus on diversified business process
services with a thrust on transaction processing, automation, and analytics will
be a boon for the city's economy and its residents. Shri. Nara Chandrababu
Naidu’s vision of making Visakhapatnam a hub for investment in IT and ITES is
becoming a reality with the inauguration of Tower-1.
The construction of another tower with one lakh sqft at a cost of ₹55 crores,
provided momentum to the efforts of TDP developments in Vishakapatnam to
make Visakhapatnam a destination for investment in IT and ITES. The city's
infrastructure and talent pool make it an ideal location for IT companies, and the
efforts of TDP Leaders in Vishakapatnam to create a favourable investment
environment will make it more attractive for companies like Conduent.

3. The TDP Government's Contributions to promote Visakhapatnam as a
destination hub for investment in IT and ITES are commendable. The
inauguration of Tower-1 is a significant step in the right direction and will
provide a boost to the city's economy. The company's plans of providing 5,000
jobs had a positive impact on the city's residents. The TDP government and the
Vishakapatnam district TDP Leaders under the leadership of Shri. Nara
Chandrababu Naidu has done their utmost to promote the city and make it a hub
for investment in IT and ITES.