Chief Minister N Chandrababu Naidu has unveiled ambitious plans to position Amaravati as a global hub for deep technology and innovation. He has directed officials to design a Deep Technology Iconic Building in the State capital, inspired by the success of the Hi-Tech City in Hyderabad. Highlighting the transformative potential of emerging technologies like Artificial Intelligence and Deep Tech, the Chief Minister stated that such initiatives would shape the future of the youth.
During a review meeting on the State’s new IT policy held on Tuesday, the Chief Minister proposed measures to attract IT companies and foster entrepreneurship. He set a target of creating five lakh workstations by 2029 and ten lakh by 2034, suggesting that land for co-working spaces and office complexes be leased at subsidised rates. He also discussed providing single-window clearances for infrastructure projects and industrial power tariffs for IT companies.
The government’s startup policy includes plans to offer seed funding of up to Rs 25 lakh to entrepreneurs from marginalised communities, including Scheduled Castes, Scheduled Tribes, Backward Classes, minorities, and women. IT and Human Resources Development Minister Nara Lokesh also shared inputs on the new policy.
To strengthen the innovation ecosystem, the Chief Minister proposed linking the state with the Ratan Tata Innovation Hub (RTIH), with Amaravati serving as the central hub. This initiative would also involve establishing five zonal innovation hubs in Central Andhra, Rayalaseema, South Andhra, Godavari, and North Andhra. These hubs will be connected to 25 IITs across the country to enhance research and innovation capabilities.
Chandrababu Naidu stressed the importance of setting clear monthly job creation targets and urged officials to assess the number of people working remotely in villages and ward secretariats. This data would help identify suitable locations for new workstations. He also highlighted the need to upgrade the skills of rural youth, stating that while they possess knowledge, the lack of proper skills often limits their success.
The government has also proposed an incentive structure for IT infrastructure development based on three categories: co-working spaces, neighbourhood working spaces, and IT campuses. Subsidies will be granted based on factors such as the number of seats and the size of the office space. IT companies generating a turnover of Rs 30 crore or employing at least 100 people will also be eligible for these incentives.
The Chief Minister reaffirmed his commitment to making Amaravati a beacon of innovation and ensuring Andhra Pradesh becomes a leader in deep technology and entrepreneurship.
