HYDERABAD: Telangana, which on Monday unveiled Information Technology policy with various incentives pertaining to land and power, and reimbursement of stamp duty and registration fee among others, is eyeing $7.5 billion of production of electronics by 2020 from $1 billion now.
Towards achieving this ambitious target, Telangana proposes to invest heavily on IT parks and infrastructure for the ICT companies in the cities and rural areas, including two large electronics manufacturing clusters in nearly 1,000 acres on the Hyderabad outskirts.
Aimed at promoting the use of information technology across verticals, India’s newest state also unveiled sectoral policies focussed on innovation, electronics, gaming and animation and rural technology.
Infosys founder NR Narayana Murthy unveiled Telangana’s Information and Communications Technology (ICT) policy, while other sectoral policies were launched by Manipal Global Education’s chairman Mohandas Pai and Niti Ayog’s member VK Saraswat.
Telangana’s IT minister KT Rama Rao said, “We have the potential to grow in sectors like gaming and animation, cyber security etc., and with such dedicated policies, it will give an impetus to the sectors as also boost our IT production.”
Telangana government hopes to attract investments worth $3 billion in the Electronic System Design and Manufacturing (ESDM) sector by 2020. The ICT policy gives thrust on acquiring large tracts of land for IT/ITeS SEZs and the government plans to rope in global agencies like World Bank, World Economic Forum for setting up incubators focused on rural and social enterprises.
The government has also inked 28 deals with several partners to promote skill training in the state. The entities that entered into agreements with Telangana include Development Bank of Singapore, University of Cambridge, TiE, Cisco, Microsoft India, CDAC, YES Bank, Nasscom, Value Labs, Fractal Analytics, LED Manufacturers, Max Touch, Kwality Photonics, Axiom, Aries Group, TalentSprint and IMAI among others.
Telangana Chief Minister K. Chandrasekhar Rao said, “We have made easier for companies to set up their units here with our Industrial policy. Under the TSiPass policy, we have given clearances to 1,691 companies under the stipulated 15 days of time and 813 of them are now in stage of production.”
Under the innovation policy, Telangana plans to develop one million square feet of work space dedicated to start-ups in five years along with expansion of state backed incubator, T-Hub, to house 900 start-ups and have similar facilities in tier-II cities of the state.
As a part of the gaming and animation policy, the state government proposes to create dedicated infrastructure in the form of ‘Game City’ over six lakh square feet of space. It proposes to provide facilities for animation and gaming companies, digital film production houses, music and television studios, training academies and entertainment complexes.
“Our policy focusses not only on consolidating our strengths but also on making pioneering efforts into new and emerging areas,” said IT minister Rama Rao, who is also the son of chief minister K. Chandrasekhar Rao. “We might have got on the IT bus later than others in the past, but I am confident that we will not only be on the bus in time but also drive it.”
Credits ET Realty