Telangana govt to roll out ‘New IT policy’ to spread IT industry across state: FM Bhatti

Hyderabad: Telangana government is ready to roll out a ‘New IT policy’ to spread IT industry across the state, Finance Minister Bhatti Vikramarka Mallu said on Saturday.

Presenting the vote-on-account budget for 2024-25 in the Assembly, he said the government allocated Rs 774 crore in this budget for Information Technology (IT).

Quoting former Prime Minister late Rajiv Rajiv Gandhi’s statement that ‘India missed the industrial revolution, but it cannot afford to miss computer revolutions”, the Minister said it is still inspiring for all of us and the government’s aim to make Telangana a front runner in IT in the country.

Development in the IT sector would lead to providing better facilities to the rural areas and its people, Bhatti said that we will also utilize Artificial Intelligence (AI) to better the living conditions in the rural areas as well as for their development.

Any company or entrepreneur who wants to set up a company based in Telangana will be assured of all possible assistance from the government, he said that our new policy will create state-of-the-art modern infrastructure which would further boost the IT industry.

Hyderabad is brimming with the IT companies, however, to achieve overall development of state, this is not enough and hence, we need a concrete policy to spread IT industry across the state.

In this connection, the state government is in consultation with US based organisation IT SERVE to set up companies in Tier-2 and Tier-3 cities, Vikramarka said this will contribute to equitable development of Telangana state in the IT field.

We also committed to make Telangana state the strongest in the area of ‘Fiber Network’ connectivity, said Bhatti, also the deputy Chief minister.