Situated 20 km away from the busy Visakhapatnam, Millennium Towers at Rushikonda stood as the ideal destination for many IT giants. Not only didn’t the towers attract IT biggies but has welcomed budding entrepreneurs who aspired to set roots in Andhra Pradesh back in 2019. Within one year of span, the sea-facing towers housed tens of IT firms including HCL and L&T infotech which are now left with no other alternative but to vacate their offices.
Ahead of the state government’s evaluation on the trifurcation of the capital, Visakhapatnam was chosen as the executive capital which needs to shift all the department head offices to the dream city. Over which, the officials and ministers are making discrete visits to the city with the task of finding suitable locations for government offices. Reportedly, Millennium Towers and IT SEZ has been the two options zeroed in by the government for setting the temporary secretariat. Adding strength to the speculations, AP Industrial Infrastructure Corporation (APIIC) Managing Director Rajat Bhargava recently inspected the towers and was rumoured to suggest some modifications to make it suitable for the offices.
On this note, the IT companies which have set up their offices in the tower were now left in splits over shifting their offices. According to the sources, the companies were already served with notices from the state government to vacate our offices by March 30th. Speaking over the same, the CEO of one of the companies, who had established their office in the tower stated that the future of their company is now in stake. “Our board decided to shut down our operations of the 2,400 staff and relocate those positions to Kochi and Hyderabad. In all approximately 18,000 people will be vacating these buildings that were leased to us in March 2019,” he averred. The CEO also said that their company invested about 21 crores to build the interiors and spent about 3 crores for hiring and relocation expenses for people who willingly moved from Bangalore and Hyderabad.
This has sent a sense of insecurity in the IT companies who established their offices at IT SEZ also. It still remained a question if the government would offer then necessary help to relocate their offices or would leave the companies and employees in uncertainty. However, this particular move from the government’s end has left it in the bad shade for wrong reasons.