Key Highlights
- Blue Cloud signs MoU with APEDB to invest ₹400 crore in healthcare tech.
- BluBio to be developed on a 30 acre site in Amaravathi or Visakhapatnam.
- 1,200 direct jobs and 20,000 indirect jobs targeted by 2027.
- APEDB to support approvals and coordination with govt agencies.
- MoU valid for 12 months and remains non binding.
Blue Cloud Softech Solutions Limited has entered into a Memorandum of Understanding with the Andhra Pradesh Economic Development Board to invest approximately ₹400 crore in the state’s healthcare technology sector. The MoU was signed at APIIC Towers in Mangalagiri, Guntur district, with senior officials from both entities present.
As part of the agreement, the company will launch its flagship healthcare technology initiative, BluBio, in either Amaravathi or Visakhapatnam. The project will span a 30-acre site and aims to advance technological infrastructure while supporting regional economic growth.
Blue Cloud plans to generate around 1,200 direct employment opportunities by 2027 in roles across research, development, operations, and administration. The project is also expected to create nearly 20,000 indirect job opportunities in supporting sectors such as supply chain, logistics, and ancillary services, contributing significantly to local development.
The investment will focus on integrating AI-driven solutions across key industries including healthcare, defence, finance, and cybersecurity. BluBio is positioned to become a scalable model for AI adoption and a catalyst for enhanced productivity and innovation in these sectors.
APEDB will play a key role in facilitating Blue Cloud’s entry into Andhra Pradesh by coordinating with state and central departments for necessary approvals and clearances. Land allocation, incentives, and subsidies will be processed by respective government departments according to established procedures.
The MoU remains non-binding and is valid for a period of 12 months. It provides a collaborative framework aimed at accelerating project planning, enabling smooth execution, and supporting large-scale investments within the state.