Vijayawada: Andhra Pradesh government’s new IT policy may decide the fate of Gannavaram Medha IT Park.
Even as the city surroundings are selected for the new capital and it has been getting importance from the ongoing developments the fate of the IT Park is uncertain.
L & T company designed the Medha IT Park at a cost of Rs 70 crore in 2010 under the special economic zone with a total of 11 lakh square feet floor area.
But in the first phase, only 2 lakh square feet floor was constructed. According to IT Park officials, only 25,000 square feet floor area has been occupied by various software companies.
Around 1,25,000 square feet floor area is vacant over the last four years.
The IT Park has advantages like a nearby airport and some industrialists, who belong to this area, may shift their offices for the AP capital. In this backdrop, the ready infrastructure is suitable for establishing offices without any delay.
No one has come forward for space in Medha IT Park. Earlier, several companies enquired about the space position and available facilities in the IT Park. But lately all of them have been silent.
According to sources, all companies are waiting for Chief Minister N. Chandrababu Naidu’s IT policy.
Speculation is doing the rounds in IT circles that the Chief Minister would allot 500 acres of land for IT companies. If the land is allotted near the IT Park, it might get automatic response from IT companies, an official said.
On the other hand, recently a government team visited the IT Park for shifting offices from Hyderabad. But the proposal has not materialised so far, said Gannavaram Medha IT Park manager Krishna Rao.
