Ace Urban (formerly L&T Infocity) will develop India’s premier digitally-enabled smart urban city, meeting all the requirements
under Industry 4.0 in an area of 150 acres near Rushikonda in Visakhapatnam with a total investment
of ₹3,200 crore.
After signing MoU with the State government in the presence of Chief Minister N. Chandrababu Naidu at the CII Partnership
Summit here, Ace Urban Director Maurya Pydah told The Hindu on Sunday that the project aimed at promoting
innovative technologies would provide employment to 18,000. It would be named Ace Infocity.
World’s leading companies would be invited to set up units in the city.
The new city would be the first of its kind, he said adding they were instrumental in developing infrastructure for hi-tech
city in Hyderabad two decades ago. On an invitation from Mr. Naidu, the firm had agreed to establish
much bigger infrastructure to enhance the brand name of Vizag meeting the requirements of cutting-edge
technologies, he stated.
Units associated with IT and ITES, artificial intelligence, cloud management, blockchain and Internet of Things would start
their operations in the city. Mr. Maurya said the project would be operational in 24 to 36 months.