IBM Returns To Visakhapatnam
ECONOMY & POLICY

IBM Returns To Visakhapatnam

International Business Machines (IBM) is set to resume operations in Visakhapatnam after a gap of six years, a development that is expected to strengthen the region's information technology landscape. The return is being portrayed as a significant boost to Andhra Pradesh's ambitions to establish itself as a leading technology hub. Officials point to the company re-establishing a presence as likely to enhance the city's profile among global technology firms and to support broader efforts to deepen the local IT ecosystem.

State IT and Electronics Minister Nara Lokesh confirmed the move through social media and welcomed the company back. IBM India Private Limited has registered operations with the Software Technology Parks of India (STPI) in Visakhapatnam, signalling formal re-entry. Government sources expect the firm to create employment for over 500 professionals in the initial phase and to scale operations subsequently. The presence is anticipated to create opportunities across engineering, services and export-oriented functions.

The company is targeting exports worth approximately Rs 3.21 billion (bn) over the next three years, reflecting a robust business outlook. Officials linked the decision to renewed engagement by the state government, noting that discussions during the World Economic Forum in Davos between Chief Minister N. Chandrababu Naidu, Minister Lokesh and IBM's chief executive officer Arvind Krishna showcased the state's investment potential and policy support. Those interactions and the presentation of infrastructure plans are said to have played a key role in persuading the firm to re-enter the city.

IBM had earlier operated from the IT Special Economic Zone in Madhurawada before scaling down its presence, and the return is expected to revive momentum in the region's IT landscape. Observers believe that renewed activity by a multinational of this scale could attract further investment from global firms and strengthen linkages with existing local companies and educational institutions. The state government is positioning the development as part of a broader strategy to accelerate technology sector growth and job creation.

International Business Machines (IBM) is set to resume operations in Visakhapatnam after a gap of six years, a development that is expected to strengthen the region's information technology landscape. The return is being portrayed as a significant boost to Andhra Pradesh's ambitions to establish itself as a leading technology hub. Officials point to the company re-establishing a presence as likely to enhance the city's profile among global technology firms and to support broader efforts to deepen the local IT ecosystem. State IT and Electronics Minister Nara Lokesh confirmed the move through social media and welcomed the company back. IBM India Private Limited has registered operations with the Software Technology Parks of India (STPI) in Visakhapatnam, signalling formal re-entry. Government sources expect the firm to create employment for over 500 professionals in the initial phase and to scale operations subsequently. The presence is anticipated to create opportunities across engineering, services and export-oriented functions. The company is targeting exports worth approximately Rs 3.21 billion (bn) over the next three years, reflecting a robust business outlook. Officials linked the decision to renewed engagement by the state government, noting that discussions during the World Economic Forum in Davos between Chief Minister N. Chandrababu Naidu, Minister Lokesh and IBM's chief executive officer Arvind Krishna showcased the state's investment potential and policy support. Those interactions and the presentation of infrastructure plans are said to have played a key role in persuading the firm to re-enter the city. IBM had earlier operated from the IT Special Economic Zone in Madhurawada before scaling down its presence, and the return is expected to revive momentum in the region's IT landscape. Observers believe that renewed activity by a multinational of this scale could attract further investment from global firms and strengthen linkages with existing local companies and educational institutions. The state government is positioning the development as part of a broader strategy to accelerate technology sector growth and job creation.

Next Story
Products

Durakraft Highlights Monsoon-Ready Window Solutions

Durakraft Extrusions has underscored the importance of high-performance uPVC windows in creating healthier and more comfortable indoor environments during the monsoon season, when excess moisture, dampness and limited ventilation can affect living conditions.According to the company, selecting the appropriate window systems can help minimise water ingress, improve airflow and maximise natural light, contributing to better indoor air quality and overall comfort. As homes face challenges associated with prolonged rainfall and humidity, weather-resistant fenestration solutions are becoming increa..

Next Story
Real Estate

SPRE Launches Private Estates at Treetopia

Shapoorji Pallonji Real Estate (SPRE) has launched Private Estates at Treetopia, introducing a limited collection of large-format estate plots within its 105-acre plotted development in Pune Growth Corridor.The launch follows the response to the first two phases of Treetopia and caters to homebuyers seeking expansive land ownership, privacy and the flexibility to build bespoke residences. The estate plots are located in the foothills overlooking a private 25-acre natural lake and are priced from Rs 15.1 million, all-inclusive.Situated close to the proposed Purandar International Airport, the p..

Next Story
Infrastructure Energy

Statcon Energiaa Partners with Ram Raja Solar

Statcon Energiaa has signed a Memorandum of Understanding (MoU) with Ram Raja Solar Power Green Energy to strengthen the deployment of large-capacity Battery Energy Storage Systems (BESS) and hybrid inverter solutions across Uttar Pradesh.The partnership brings together Statcon Energiaa's expertise in power electronics and energy storage with Ram Raja Solar's project execution capabilities to improve access to solar-plus-storage solutions in the state.According to the companies, the collaboration will enable faster availability of high-capacity BESS and hybrid inverter systems through reduced ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement