Stpi To Set Up Technology Park At Au Campus In Visakhapatnam
(MENAFN- KNN India)
STPI to set up technology park at AU campus in Visakhapatnam Visakhapatnam, July 5 (KNN) A Technology park is being set up by the Software Technology Parks of India (STPI) at Andhra University's campus in Visakhapatnam.
In this context, STPI director general Arvind Kumar will sign a Memorandum of Understanding with Andhra University Registrar Prof V. Krishna Mohan on July 6, reported Deccan Chronicle.
Speaking about the upcoming technology park, Andhra University Vice-Chancellor Prof P.V.G.D. Reddy said,“This will be another landmark establishment in north coastal Andhra Pradesh, providing opportunities for a large number of entrepreneurs and eventually leading to employment and revenue for the university."
As per reports, the IT ministry has sanctioned Rs 60 crore for the project in three phases, with Rs 19.5 crore approved as the first phase budget.
"We already have 440 interns working in 102 start-up companies, and we have started generating Rs 160 crore revenue this year, which is enough to run the university for four months," the Vice-Chancellor said.
He stated that Chief Minister YS Jagan Mohan Reddy will soon build a-Hub, which houses the majority of start-ups. The projected STPI skyscraper would be located directly across from a-Hub.
Among the plans for the next five years, the Vice-Chancellor stated that new courses will be introduced and the current student body would be enlarged from 15,000 to 22,000 people.
Arvind Kumar, the director general of STPI, will formally open the Industry 4.0 centre for excellence at RINL's Visakhapatnam Steel Plant on July 6.
(KNN Bureau)
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