Andhra Pradesh launched ‘Designated Technology Park’ Policy to facilitate IT sector and budding start-ups

Amravati, October 18: For the first time it is happening in Andhra Pradesh that to overcome the ‘office space crunch’ for IT companies, the state has launched ‘Designated Technology Park aka DTP Policy 2017-2020’ in Amravati. The main objectives of DTP policy are to roll out incentives on providing office spaces for IT companies and give rental guarantee for real-estate developers for building office spaces for IT. 

‘Like no other state in the country, Andhra Pradesh is bringing in a lot of policies to support the IT sector. To overcome the space crunch issue for IT firms, under the direction of Chief Minister of Andhra Pradesh Nara Chandrababu Naidu, we are bringing this DTP policy,” Minister Lokesh said. Those who want to set up their units in Andhra Pradesh are facing a shortage of office space as real-estate developers are sceptical about their businesses and not building office spaces, as per the state government. With the new DTP policy, Andhra Pradesh government has certainly taken another step in its efforts to boost up the state’s IT and startup ecosystem.

Andhra Pradesh state government aims to create one lakh IT jobs by 2019 and one Crore sq. ft. of office space to facilitate the same. Nara Lokesh said, ‘Through DTP policy, office spaces will be created with world class infrastructure facilities. We were able to bring down the approval time for office spaces for IT companies from 1 year to 50 days. We will reduce it further to 21 days soon. In order to use the policy, eligible IT companies and real estate developers can login to dtp.ap.gov.in website and register themselves.”