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Ace Urban to build innovation technology park in Vizag

IANS  |  Visakhapatnam 

plans to develop a fully in this port city with an investment of Rs 3,220 crore, company officials said on Sunday.

The facility, first of its kind in India, is expected to create 18,000 jobs in IT and ITES innovation.

government on Sunday signed a Memorandum of Understanding with Ace Urban Infocity at CII Partnership Summit here.

The officials from both sides signed the MoU in the presence of

The innovation technology campus aims to attract global innovative companies to set up futuristic centres of excellence for research and implementation of cutting edge technologies like cloud computing, artificial intelligence, Internet of things and blockchain.

Ace Urban, formerly known as Infocity, said it played a crucial role in realising Naidu's IT dream in 20 years ago when he was the of his undivided state.

The company had built the iconic Cyber Tower, beginning the IT revolution in It also built Cyber Gateway, another landmark

The company officials said 20 years later they want to work with to realise his dream of bringing world's top innovation companies to Visakhapatnam by creating smart and digital infrastructure.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 25 2018. 12:00 IST