Telangana gets a new IT policy; seeks to attract $ 3 bn investments

Hyderabad, Apr 5 (KNN) Telangana Government on Monday announced the new Information Technology policy along with four other policies with various incentives pertaining to land and power, and reimbursement of stamp duty and registration fee among others.

The policies have been announced to support innovation, gaming and animation, rural tech centres and growth of electronics aimed at attracting investments while facilitating job creation.

Unveiling the policy, Chief Minister K Chandrasekhar Rao said, “After the new industrial policy was announced last year, 1,691 companies were accorded clearances and 883 of them have already gone into production. This would not have been possible but for the single window clearance the State promises within 15 days, he explained.

State IT Minister KT Rama Rao said, “The government accords highest priority to the ICT sector in the State covering not just Hyderabad but also in the Tier-II and Tier-III cities and other small towns. The State has identified three broad areas for big boost. These include data mining and analytics, gaming and animation and cyber security.”

Telangana IT sector employs more than 10 lakh people directly and indirectly, with IT alone accounting for over 4 lakh jobs.

Under the electronics policy, Telangana seeks to attract USD 3 billion investments and create about 1.6 lakh jobs. (KNN/ MSR)