CM Jagan Reddy Pitches For Vizag As Silicon Valley.

Showcasing the efforts being made by Andhra Pradesh to develop a Silicon Valley-type startup ecosystem in the port city of Visakhapatnam, CM YS Jagan Mohan Reddy interacted with founders and CEOs of unicorn startups and assured them that Visakhapatnam would be made into a unicorn startup hub.

As per officials, their presentations evoked a positive response at the 52nd annual meeting of the World Economic Forum at Davos.

The officials explained that with the 2nd Millennium Tower getting ready, the city-the largest in AP with annual export IT and ITES turnover of Rs 2,000 crore has bright scope to become a hub for venture capitalists and startups with a value of $1 billion. They said the state govt is also setting up a high-end skill university in the city with plans to rope in some big-ticket projects.

During the interaction, the CM discussed the policy decisions to be taken to develop startups in Visakhapatnam and said all required resources would be provided. Byju's Vice-President (Public Policy) Susmit Sarkar said they would extend full support to the education sector in AP and added that they would set up an R&D center and provide Byju's curriculum to AP students.

Coin Switch Kuber founder and Group CEO Ashish Singhal discussed with the CM providing scientific technology to secure records of comprehensive land survey in AP and offered all help in this regard.

The CM interacted with the co-founder of 'EaseMyTrip' Prashant Pitti, on the tourism sector in the State. Prasanth Pitti said they would give importance to promoting tourism locations in Andhra Pradesh.