Andhra Pradesh government has launched its new 'AP Information Technology Policy 2021-24'.
New policy was approved by State Cabinet chaired by Chief Minister Y S Jagan Mohan Reddy.
This policy is expected to generate more than 55,000 jobs in next three years.
In order to implement the policy, a robust and holistic business environment would be created.
IT, Electronics and Communications Department would also be transformed into revenue centre in a bid to achieve self-sustenance.
New IT Policy links the incentive disbursement to realisation of committed direct employment which ensures transparent & effective utilisation of public funds. It offers end-to-end support for start-ups like plug & play office space, access to investors, & mentors, funds through venture capitals and private equity firms.