VSoft Technologies, a global information and technology solutions provider for financial institutions, on Monday conducted the ground-breaking ceremony for its new development centre at Mangalagiri in Andhra Pradesh.
The development centre, spread over 1,886 square metres, is coming up in Amaravati, the new state capital.
The state government has allotted the land for the facility under its industry policy.
The ground-breaking was performed by Murthy Veeraghanta, Chairman and CEO of VSoft Technologies, and the foundation stone was laid by Lakshmi Veeraghanta, Director.
"We are excited to be moving forward rapidly towards creating more than 400 job opportunities in the region. This is in line with commitments made to both the state government and the enormously talented people of Andhra Pradesh," said Murthy.
VSoft, which commenced its operations 20 years ago, has development centres in India and the United States. It provides IT products and services to more than 2,600 financial institutions globally, including major commercial, cooperative and public sector banks.
--IANS
ms/lok/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app