Another IT Park in Visakhapatnam, 30,000 Jobs Expected!

A new Grade-1 IT Park is set to come up in the IT Hills area of Visakhapatnam at Madhurawada (Rushikonda). The government has reportedly allotted around 30 acres of land behind Hill-3 to Vizag Realty Private Limited for the development of the project. The upcoming IT park is expected to strengthen the city’s technology ecosystem and attract major companies to the region.

According to sources, the company plans to invest nearly ₹2,200 crore in three phases for the project. Buildings will be constructed across an area of about 3 million square feet, creating employment opportunities for nearly 30,000 people. Meanwhile, another development is planned in Amaravati, where a ‘Xavier’ campus will be established with an investment of around ₹300 crore, further boosting the state’s education and technology infrastructure.