Taking an inspiration from Andhra Pradesh state government's initiative on youth empowerment, some engineering graduates who established their own startup companies without waiting for tech jobs excelled in their sectors by providing employment to a large number of youth. These youth met Chief Minister N. Chandrababu Naidu at Velagapudi Secretariat on Friday and thanked him for encouraging startup companies in the state by providing incentives.

Interacting with the youth, Chief Minister N. Chandrababu Naidu said that they should come out with innovative and novel ideas to achieve better results. He said that the state government would encourage startup companies and provide skill development programmes for youth. He said now it is time for IT plus and Internet of things in all sectors.

Some youth informed the Chief Minister that they are confident to emerge as industrialists with the encouragement provided by the state government. They explained about their startups including get-my-tailor, getmy-books, hire puppy, glosy trends.

GBO business development officer Swapna Sidharth said that these startups would achieve a turnover of Rs.6.5 crore in a span of one year. The young entrepreneurs said that 5,000 people got employment through get-my-tailor Online store launched by T. Kamalakar of Rajahmundry.

He displayed the longest short of 241 mts length and 21ft width which found a place in the Wonder Book of Records. They said over six lakh students are getting benefited through getmy. books.com. A member of the startups Himavarshini has been providing marketing facility to handloom products by helping the weavers improve their designs. Those who studied in Aditya Engineering College at Surampalem informed that they adopted earn-while-learning policy.

China-based Shenzhou City Institute is interested in taking part in the Machilipatnam Port development and construction activity which is planned by the Machilipantam Area Development Authority (MADA). A delegation of Shenzhou City Institute visited Machilipatnam and other places on Sunday and Monday and evinced interest to file tenders for the mega project.

The delegation met Krishna district collector Babu Aat the collector's camp office in Vijayawada. The Collector has explained to the team about the objectives of MADA. He told them that there are plenty of opportunities in AP Capital City for development and investments.

He informed that Krishna district has massive transport connectivity like road, rail, sea, aviation etc and it will be very useful to the Chinese companies. He said the proposed Machilipatnam port will be helpful not only to AP but also to Telangana state, mainly Hyderabad, he added.

He said the four-lane National Highway between Machilipatnam and Vijayawada would be completed in a year.

CENTRAL CABINET APPROVES SPECIAL ASSISTANCE FOR ANDHRA PRADESH, INCUNDING OF

• EXTERNALLY AIDED PROJECTS
• IRRIGATION COMPONENT OF POLAVARAM PROJECT

The Central Government will provide special assistance measure to Government of Andhra Pradesh, which would make up for the additional Central share the State might have received during 2015-16 to 2019-20, if the funding of Centrally Sponsored Schemes (CSS) would have been shared at the ratio of 90:10 between the Centre and the State. The special assistance will be provided by way of repayment of loan and interest for the Externally Aided Projects (EAPs) signed and disbursed during 2015-2016 to 2019-20 by the State.

Funding of 100% of the remaining cost of the irrigation component only of the Polavaram project for the period starting from 1.4.2014, to the extent of the cost of the irrigation component on that date. Andhra Pradesh Government will execute the project on behalf of Government of India. However, the overall coordination, quality control, design issues, monitoring, clearances related issues etc. are to be dealt by the Polavaram Project Authority of Ministry of Water Resources, River Development & Ganga Rejuvenation.

VSoft Technologies Pvt Limited, a global information technology solutions provider for financial institutions, performed Bhumi Puja (ground breaking) ceremony for its new development centre at Mangalagiri in capital Amaravati on Monday. The puja was performed by Murthy Veeraghanta, chairman and CEO of VSoft Technologies and the foundation stone was laid by Lakshmi Veeraghanta, director.

Speaking on the occasion, Murthy Veeraghanta said that they were excited to be moving forward rapidly towards creating more than 400 job opportunities in the region. This is in line with commitment made to both the state government and the enormously talented people of Andhra Pradesh, he said.

The Mangalagiri Development Centre is being set up on 1886 sq mts area, which has been allocated as per the industrial policies framed by the government of Andhra Pradesh, Murthy explained. The chairman said VSoft Technologies, which commenced its operations 20 years ago, has development centres in India and the United States where it provides IT products and services to more than 2,600 financial institutions globally, including major commercial, cooperative and public sector banks.

Additionally, the company built a comprehensive platform based BPO (business process outsourcing) infrastructure where people, process and technology work in unison to drive, supportand accelerate business transformation, Murthy said. Executives of the company attended the programme along With their families.