Real Estate

Andhra Pradesh to Introduce New Investor-Friendly IT Policy

By GeoSquare News Desk · Published 2024-06-16

Andhra Pradesh IT and Electronics Minister Nara Lokesh has emphasized the need for a new investor-friendly Information Technology policy to be implemented in the state soon. Lokesh held a review meeting with senior IT and Electronics officials to discuss the kind of incentives extended to companies for inviting them to set up units in the state. He instructed officials to formulate a plan to transform the port city of Visakhapatnam into an IT hub and the temple town of Tirupati into an electronics hub. Additionally, he tasked officials to initiate steps to invite major IT and electronics companies to set up units in the state. The new policy aims to provide a favorable business environment for companies, thereby promoting economic growth and job creation in the state.