Sri Danam Nagender
Minister for Health

Sri Sam Bob, IAS.,
Prl.Secretary, Industries & Commerce Dept.

Smt.K.Ratna Prabha, IAS.,
Prl.Secretary, IT & C Dept.

Mr.Zack Rinat,
CEO, Model N

Sri Srikanth Gadamsetty,
General Manager, Model N

Friends from Print & Electronic Media

Ladies & Gentlemen

I am very happy to be here to-day amidst all of you.  I thank you very much for having given me the opportunity to inaugurate this facility of Model N.

I congratulate Mr.Zack Rinat, CEO and his team on this happy occasion.

Model N India is a vital component in Model N's expansion strategy of placing fully functional operational hubs in each geographical area to cover sales, marketing, product development, solution delivery, and customer operations, along with infrastructure to support a rapidly growing organization. Their success in the U.S. and Europe is predicated on hiring domain experts who understand the business and can partner with customers in instituting best practices, making Hyderabad an ideal location for Model N to expand its global presence.

I am very happy that Model N is planning to invest over 25 million USD in the next 2 years to expand the Hyderabad offices for  creating several jobs in Andhra Pradesh.

The growing presence of niche software product companies like Model N has helped Andhra Pradesh to be the leader in IT space. Our industry friendly measures and policies have helped global companies like Model N to make long term investments in Hyderabad.

I am very happy to inform Government of Andhra Pradesh will announce its new IT Policy shortly.

Andhra Pradesh has emerged as a State that provides the right climate for the growth of IT business and is now one of the most preferred destinations in the Country. Andhra Pradesh is at present home for Indian IT majors such as TCS, Infosys, Wipro, HCL, Mahindra Satyam, Cognizant and others. Andhra Pradesh is also home for MNC IT giants and Fortune 500 companies like Microsoft, Google, IBM, Oracle, DELL, Motorola, Deloitte, Convergys, UBS, Bank of America, HSBC  etc.  

ICT sector in the State of Andhra Pradesh has grown by leaps and bounds during the last decade. The direct employment created by ICT sector in 1999 was 12,000 and this increased to 2,51,786, that is an increase of 20 times by 2009. There were 194 ICT companies in the State of Andhra Pradesh in 1999 and they rose by 6.5 times reaching a figure of 1,206 companies now. The ICT export turnover in 1999 was Rs.284 crores (56.8 million US dollars), which is Rs.32,500 crores (6200 million US Dollars)  in 2009, recording an increase of 110 times.

Keeping the overall trends of growth of IT sector in the Country and our average growth rate which has been always higher than the national growth rate, State Government conservatively aims to achieve Rs.70,000 crores (US $ 14000 million)  export turnover  and an additional direct IT employment generation of 1,25,000 by 2015.

For ICT industry to set up their office and operate in a most optimal manner, creation of physical infrastructure of international standards is a pre-requisite.  In this direction,  Government of Andhra Pradesh has taken all initiatives to provide all comforts to the ICT industry through creation of “plug and play” and “walk to work” kind of office environment through encouraging setting of IT Special Economic Zones in various parts of the State.

 I am very proud to say that in Andhra Pradesh, we got  highest number  of 57 IT SEZs  as against total number of  351 IT SEZs approved by the Government of India in the Country.

When all SEZs are fully operational, in the next 3 years,  these will create more than 100 million Square Feet of office space and about 10 lakh direct employment in IT Sector.

Government of Andhra Pradesh shall extend all the requisite assistance and support to the ICT industry and infrastructure developers in this regard.

I wish Model N a grand success in its future endeavors.