Andhra Pradesh to Introduce New Investor-Friendly IT Policy

Andhra Pradesh IT Minister Nara Lokesh has called for a new investor-friendly IT policy to attract companies to set up shop in the state.

Andhra PradeshIt PolicyInvestor FriendlyNara LokeshInformation TechnologyReal EstateJun 16, 2024

Andhra Pradesh to Introduce New Investor-Friendly IT Policy
Real Estate: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.

Frequently Asked Questions

What is the focus of the new IT policy in Andhra Pradesh?

The new IT policy aims to provide a favorable business environment for companies, promoting economic growth and job creation in the state.

Who is the IT and Electronics Minister of Andhra Pradesh?

Nara Lokesh is the IT and Electronics Minister of Andhra Pradesh.

What cities are being considered for transformation into IT and electronics hubs?

The port city of Visakhapatnam is being considered for transformation into an IT hub, while the temple town of Tirupati is being considered for transformation into an electronics hub.

What is the goal of the new IT policy?

The goal of the new IT policy is to attract companies to set up units in the state, promoting economic growth and job creation.

Who will be involved in the implementation of the new IT policy?

Senior IT and Electronics officials will be involved in the implementation of the new IT policy.

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