Andhra Pradesh IT Minister and the son of Chief Minister N. Chandrababu Naidu, N. Lokesh, inaugurated eight IT companies here on Thursday in a building on the premises of TechMahindra.

The AP government has taken the building - Tech Hub - on lease from TechMahindra to provide space to the companies.

The eight companies are Amzur, Digipub Apex, ID Analytics, Insurance Box, Inventrax, VGS - Provigil, Virtual Offshore, and Vismaya Premedia. Together, they will generate 900 jobs.

The minister said on the occasion that in the next two years one lakh jobs would be generated in the state in the IT sector, 70,000 of them in Visakhapatnam alone. "The state government is making all-out efforts to increase ten-fold IT exports from the state, currently at Rs 2,000 crore," he said.

He said the state government had formulated suitable IT policies such as the new designated technology policy to incentivise both IT space developers and IT companies. "Kapulauppada here will be developed as a major IT city by 2019, with residential and other facilities for IT personnel," he said.

On the occasion, two MoUs were signed with WNS Global and Patra BPO for starting operations in the Tech Hub. WNS Global will add 1,600 employees to its current workforce of 900 in the city and Patra BPO will generate 800 more jobs in addition to the existing 1,600.

The minister also released an IT product - XaTTaX, a GST filing and reconciliation solution - developed by Sailotech, a local IT company.

J.A Chowdary, IT adviser to the AP government, also spoke on the occasion.

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