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AP woos mid-level firms to boost IT growth

HYDERABAD: Andhra Pradesh is looking at Non Resident Indians (NRI) from the region to boost the information technology sector’s growth in the state. The IT department plans to get investments from medium-level companies of Andhra NRIs as leading IT firms have shown little interest in setting up shop in the state. A team of officials from the IT department will leave for the USA soon to meet Andhra NRIs to request them to help their native state on the IT front.
Before the bifurcation, the IT exports from AP accounted for Rs 64,000 crore, with Hyderabad having the lion’s share of more than Rs 50,000 crore. Cities in Andhra had to be content with Vizag, generating Rs 1,440 crore of exports, followed by Vijayawada with Rs 1,11 crore, Kakinada Rs 60 crore and Tirupati Rs 7 crore.

Officials say flagship IT companies like Microsoft and others will take more time as they look for necessary social ecosystem like airports, good roads and other amenities. “AP now scores low on this count. It needs more time to develop infrastructure. We can’t wait for long. We need to generate jobs. Hence, the focus is on medium and start-up companies,” a senior official said.

Thanks to the efforts of the IT department, some of the Andhra entre preneurs have shown interest to invest in the capital region. Six companies will soon start their operations in Amaravati region. These companies are expected to generate nearly 2,000 jobs. Some of them have begun their recruitment drive as well.

Though many companies are showing interest in Vizag, Vijayawada, Kakinada and Tirupati, a few small scale-companies have already launched operations in Anantapur and Nellore. It is estimated that nearly 20 per cent of the IT professionals in the USA hail from Andhra Pradesh. “We want to request them to come to Andhra. We are planning IT promotion policies too as Andhra is a better state when it comes to IT employability,” JA Chowdary , advisor to AP government on IT promotions, told TOI.

Source By:timesofindia.indiatimes.com