TCOAP ties up with ESC to strengthen IT firms in southern A.P.
The Technology Companies Association of Andhra Pradesh (TCOAP) on Thursday signed a Memorandum of Understanding (MoU) with the Electronics and Computer Software Export Promotion Council (ESC) for strengthening the IT ecosystem in southern Andhra Pradesh.
TCOAP President Rayala Vamsikrishna exchanged copy of the MoU with ESC Vice Chairman Rajesh M. Revanker on Thursday (June 19).
The collaboration aims to boost export potential and global market access for local MSMEs and start-ups. The ESC, a key trade promotion council supported by the Government of India, facilitates participation in international exhibitions, buyer-seller meets, B2B delegations and policy advocacy for technology exporters.
This MoU marks a major milestone in promoting Andhra Pradesh as a preferred destination for technology investments and innovation.
This initiative also marks a significant step forward in positioning Tirupati as a rising destination for technology-driven growth and innovation. The meet discussed the importance of developing an IT Park in Tirupati.
The event brought together key industry stakeholders and a prominent real estate development firm from Karnataka to deliberate on critical aspects of the proposed project.
The discussions focused on land allocation, establishment of Global Capability Centres (GCCs) and the potential implementation of the project under the Build-Operate-Transfer (BOT) model.
The TCOAP members reiterated the importance of nurturing regional technology hubs to drive digital transformation, attract private investment and create significant employment opportunities for local talent.
The Government of Andhra Pradesh has expressed its support for the initiative, committing to provide the necessary infrastructure and policy framework to facilitate its success.
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