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The new policy, which will be in force retrospectively from April 1, 2021, to March 31, 2024, is expected to generate more than 55,000 jobs and indirect employment to 1.65 lakh people over the next three years.
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Recently, development has been the number one priority for the city of Vizag, it is also very true that vizag will emerge as one of the leading IT hub of India.
On June 30, the Andhra Pradesh state cabinet gave its approval for the new AP Information Technology Policy 2021-24, which includes several incentives for IT firms to set up companies and create employment in the state.
The new policy, which will be in force retrospectively from April 1, 2021, to March 31, 2024, is expected to generate more than 55,000 jobs and indirect employment to 1.65 lakh people over the next three years.
From setting up three different IT concept cities to providing a boost to remote working and gig economy opportunities, here are some of the key features of Andhra’s new IT policy.
Reviewing the IT policy a few days ago, Chief Minister YS Jagan Mohan Reddy said that Visakhapatnam, the proposed executive capital of the state, will become a major hub for the IT sector in the future.
The government plans to turn Vizag city into an attractive destination for IT companies through various incentives and business process reforms.
As part of the infrastructure development measures to enable IT sector growth, Vizag will get an Integrated Technology Park consisting of an Emerging Technologies Research University, incubation centres, Centers of Excellence (CoE), labs, co-working spaces, State Data Centre (SDC), to be established by the IT,E&C (IT, Electronics and Communications) department.
The IT Emerging Technologies Research University is intended to promote Vizag as a destination for IT education.
The university will offer full-time and part-time degree/diploma programmes for fresh graduates as well as working executives, with a primary focus on applied research on IT and emerging technologies “in priority areas of interest to the state and its governance.”
Apart from Vizag, Anantapur and Tirupati are also planned to be developed as IT concept cities, to offer a cost advantage and speedy execution for setting up IT companies.