Chandrababu Naidu Announces ₹10,000 Crore IT Investment Plan in Andhra Pradesh
Andhra Pradesh Chief Minister N. Chandrababu Naidu today announced a transformative ₹10,000 crore IT investment plan that is set to boost the state’s technology sector and generate over 1 lakh jobs in the next five years.
The announcement, made in Amaravati, highlights the government’s push to attract global tech giants, improve digital infrastructure, and foster startups. Naidu emphasized that the initiative will not only strengthen Andhra Pradesh’s economy but also position the state as a leading IT hub in India, rivaling Bengaluru and Hyderabad.
Key Highlights of the Plan
- Establishment of new IT parks in Visakhapatnam, Vijayawada, and Tirupati
- Special incentives for startups and investors
- Expansion of digital skill development programs for youth
- Focus on AI, data analytics, and cloud technologies
Industry experts have welcomed the move, calling it a “game-changer” for Andhra Pradesh’s future. The investment is expected to attract global players, increase FDI, and create opportunities across the IT ecosystem.
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What's next: The state government will publish a detailed policy document in the coming weeks outlining land allotments, tax incentives, and the timeline for the IT parks. Stakeholders are expected to begin formal negotiations with investors within 30–60 days.
Read more: Detailed policy and investor guidelines