On Sunday Andhra Pradesh state IT minister Palle Raghunatha Reddy said that, “The Andhra Pradesh government is expecting investments worth Rs 42,000 crore in Information Technology and electronics industries over the next 5 years”.
Reddy told reporters that, “The government has prepared a policy to create AP an IT and electronics industry hub in the country”.
He futher added, “The state government expects Rs 12,000 crore investments in IT and Rs 30,000 crore in electronics industry”.
He also said, the expected employment generation from these two sectors would be about nine lakhs during the next five years.
The minister also said that, “Already, Wipro, Tech Mahindra and some other IT industries have agreed to establish their units in the state”.
In the states cities like Tirupati, Visakhapatnam, Anantapur and Kakinada will be favourable places for both the sectors. The government has initiated steps to provide clearances for IT and electronic industries under a single-window system.