Govt. of Andhra Pradesh and LINUS Capital sign MOU

    As part of its new ICT Policy  the Government of Andhra Pradesh is actively promoting setting up of IT units in tier-II cities of the state as well. Many NRIs are showing active interest in coming to Andhra Pradesh and establishing IT/ITES units.  Warangal has already attracted one company from New Jersey, USA which has been allocated 10 acres of land. Today an MOU has been signed by Secretary IT GoAP with Mr. Sunny Burra, Managing Director of LINUS Capital an investment group based in San Francisco, California for setting up of their unit in Warangal. 

The MOU has been exchanged today (29^th November 2005) in the presence of Hon’ble Chief Minister of Andhra Pradesh Dr. Y.S. Rajasekhara Reddy, who had appreciated the enthusiasm and initiative shown by the NRI Mr. Sunny in promoting IT industry in his native district of Warangal. An area of 5 acres of land has been allocated to LINUS.

LINUS plans to start its IT operations (LINUS Infotech) in Warangal within next six months and plans to hire 500 people within couple of years. Mr. Sunny Burra, is an alumni of NIT(R.E.C) Warangal and has an MBA from University of Chicago. He has plans to grow LINUS Infotech with a  combination of organic and acquisition growth, acquiring North American based companies.

Sunny states “we preferred Warangal, for the availability of the talent pool, ability to retain employees (less churn), lower cost structure and traffic compared to the metros such as Bangalore, Mumbai, etc.”

                                                  (K. Ratnaprabha)
                                                  Secretary (IT&C)
                                      Government of Andhra Pradesh