Andhra Pradesh government has launched its new 'AP Information Technology Policy 2021-24' on June 30, 2021 to generate how many jobs over three years?

Question

Question

This question was previously asked in

AP High Court Assistant Examiner 28 Nov 2021 Shift 2 Official Paper

Answer 1

Key Points

This policy is expected to generate more than 55,000 jobs in the next three years which was was approved by State Cabinet chaired by Chief Minister YS Jagan Mohan Reddy
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.
It will also create 1.65 lakh indirect employment and ensure a holistic ecosystem development.
The policy will be in force till March 31, 2024.

Additional Information

State’s Revenue
- Andhra Pradesh will earn a revenue of Rs 783 crore in 10 years in the form of various taxes through this policy.
- Direct employment is also expected to infuse over Rs 2,200 crore a year.
- It will thus lead to the overall growth of the economy through the multiplier effect.
Key provisions of new IT Policy
- New IT Policy links the incentive disbursement to the 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.
How it will be implemented
- Under the policy, the government will establish incubation centres and organize hackathons & workshops for startups.
- The government will also establish an IT Emerging Technologies Research University in Visakhapatnam in order to develop the State as a leading contributor to the national talent pool in IT & other emerging technologies.