The Andhra Pradesh government has initiated plans to generate 500,000 jobs in IT sector and 400,000 employment opportunities in electronics segment in the next few years, a Minister said on Tuesday.
Palle Raghunadha Reddy, Minister for IT and Minorities Welfare, said the TDP-led Government is focusing on job creation in IT and electronics sectors.
Andhra Pradesh, which lost IT hub Hyderabad to Telangana post-bifurcation last year, has launched several plans to provide 500,000 jobs in IT and 400,000 in electronics sector, he said.
Talking to reporters in Vijayawada, Reddy said the state is expecting Rs. 12,000 crores revenue from IT and Rs. 30,000 crores from electronic sector in the next one year.
The infotech industry has taken a big hit in residuary Andhra Pradesh after the division. The revenue from IT sector has come down to just Rs. 1,600 crores from Rs. 65,000 crores in the unified state, the Minister said.
The single window licensing policy of the Government has received good response from industrialists. About 28 new industries have got approvals, creating 37,000 employment opportunities, he said.
Industrial corridors around Anatapur, Visakhapatnam and Kakinada are attracting new commercial enterprises, Reddy added.
