Chandrababu Naidu laid the foundation stone for an iconic tower for Non-Resident Telugu Society calling it as NRTiCON.
The NRI tower will have 33 floors, rising to a height of 158 metres with 11 lakh Sq ft commercial area. The construction will cost a whopping Rs 500 crore.
The tower will facilitate office space to 100 companies which could offer direct employment to more than 5,000 people and indirect employment to about 20,000 people.
Chandrababu said his government will support the establishment of industries by Non-Resident Telugu community in Andhra. NRT CEO K Sambasiva Rao said the society has 83000 memberships.