Visakhapatnam: The state government on Friday officially released the Andhra Pradesh Information Technology Policy for 2021-2024 for addressing the current needs of the state’s IT sector.
The previous policy, developed by the TD government, ended in March 2020. The policy would be valid retrospectively from 1 April 2021 till 31 March 2024.
Principal secretary Jaya Lakshmi said the Indian market for the IT and IT-enabled services was as huge as $191 billion (Rs 14.3 lakh crores) in year 2019-20 and this size is expected to increase to $350 billion (Rs 26.2 lakh crore) by 2025, driven by growth from tier-2 and tier-3 cities.
The AP Electronics and Information Technology Agency (APEITA) will be the nodal agency for implementing the policy. It plays a key role in aspects like incentive approvals, land, and ‘plug and play’ space allotment to companies.
“In view of generating large scale employment in the IT sector, the state government evolved a holistic policy…