Work is being done by the Andhra Pradesh government on a new information, communication and technology (ICT) policy to promote IT and allied industries. The existing policy expires on March 31. Inputs have been gathered from the industry already and the draft document regarding the same will be prepared in consensus with the finance department. This would be done to link the incentives for the industry and is to be circulated later amongst the stakeholders for final discussions.
It has also stressed on promoting animation and software products from big and small companies. Software exports from the state are now pegged at INR 32,000 crore and expected to touch INR 1 lakh crore in the next five years. According to Ramesh Loganathan, managing director of Progress Software, the growth in the coming years would be from Tier-II and Tier-III cities. This would help universities to have a greater say in training students and to aid the industry to work together with them for setting up and promoting incubation centres to nurture new ideas and foster entrepreneurship.