Telangana Government Launches New IT Policy 2024 to Foster Growth and Innovation

Press Releases Press Releases for Telengana IT

Posted by pallavi on 2024-10-03 13:36:05 |

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The Telangana government has officially launched its new IT Policy 2024, aimed at establishing the state as a global hub for technology and innovation. The policy, unveiled by Hon’ble Chief Minister Sri K. Chandrashekar Rao, outlines comprehensive strategies to attract investments, promote startups, and enhance digital infrastructure.

The new policy focuses on several key areas, including enhancing skill development programs, supporting research and development initiatives, and fostering partnerships between industry and academia. The government aims to increase the IT sector's contribution to the state's GDP significantly while creating thousands of jobs in emerging technologies such as AI, machine learning, and blockchain.

A significant highlight of the policy is the introduction of various incentives for startups, including funding support, tax benefits, and access to incubators. Additionally, the policy emphasizes the importance of sustainable practices within the tech industry, promoting green technology and renewable energy solutions.

This initiative is part of Telangana's broader vision to position itself as a leader in the digital economy, aligning with global trends and meeting the demands of an increasingly technology-driven world. The government is committed to ensuring a conducive environment for businesses to thrive, promising a proactive approach to addressing challenges and facilitating growth.

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