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The city has a strong educational infrastructure but lacks in the IT industry. There are about 32 IT firms in Vijayawada, which generated revenues of approximately Rs.56 crores (Rs 56,00,00,000) in 2007-2008 fiscal year. The APIIC is setting up an IT park/SEZ at Gannavaram, 20km from the city, next to the airport, to facilitate the growth of the IT industry in this region. The major construction firm, L&T, was awarded the contract for developing this IT park with a budget of Rs 300 crores. The IT park can facilitate employment of up to 10,000 IT professionals. Another IT park with an area of 40 acres is being set up by VGTM-UDA in Mangalagiri.