Invest in Andhra Pradesh, it is safe: Minister
February 4th, 2011 - 7:53 pm ICT by IANSBangalore, Feb 4 (IANS) An Andhra Pradesh team Friday invited investment to the state assuring that it was “safe, secure and profitable” for investors in spite of the campaign for a Telengana state.”Andhra Pradesh is safe, secure and profitable,” IT and Communications Minister Ponnala Lakshmaiah said at a roadshow ahead of the two-day IT event Advantage AP-2011, to be organised by Software Technology Parks of India and Andhra Pradesh government March 1-2 in Hyderabad.
The IT investors need not have any worry as political developments in the state had not affected industrial or business climate, he said.
Lakshmaiah said that in 2010 Hyderabad added 4.2 million sq ft space for the IT sector. This was more than half of the over eight million sq ft space created in the previous five years, he said.
The state continued to attract investment in the IT sector. The state government’s aim was to take the IT exports to Rs.70,000 crore from the present Rs.33,000 crore in the next five years.
Bangalore and Hyderabad, capitals of the two states, have been competing in the new economy sector.
While Bangalore emerged as the India’s IT hub, Hyderabad was hailed as ‘Cyberabad’ as it remained in the race to be the number one tech centre of the country.
IT exports from Karnataka between April-Dec 2010 stood at Rs.75,000 crore, according to Karnataka cabinet spokesperson and Higher Education Minister V.S. Acharya.
- IT investment region to come up around Hyderabad - Sep 08, 2012
- Andhra Pradesh to host major IT event in March - Jan 27, 2011
- IT not hit by Telangana agitation: minister - Jan 23, 2011
- BCCI chief appears before CBI in Jagan case - Jun 18, 2012
- Karnataka hopes to attract $120 bn in investments - Mar 01, 2012
- Karnataka lags behind in attracting FDI: Assocham - Aug 28, 2012
- CBI again grills BCCI chief in Jagan wealth case - Jun 23, 2012
- BCCI chief questioned by CBI for 7 hours in Jagan case (Lead) - Jun 18, 2012
- CBI summons another Andhra minister in Jagan case - Jun 05, 2012
- Andhra police chief appeals northeast community not to panic (Lead) - Aug 17, 2012
- CBI grills Jagan for fourth day - Jun 06, 2012
- Karnataka may prove scandals don't deter investors - Nov 29, 2011
- Andhra seeks report from Sathya Sai trust - Jun 23, 2011
- Karnataka targets Rs.4 trillion software exports by 2020 - Aug 15, 2012
- Congress leader for legal aid to jailed former minister - Jul 08, 2012
Tags: acharya, andhra pradesh government, business climate, capitals, competing in the new economy, crore, cyberabad, education minister, ft space, karnataka, march 1, next five years, political developments, roadshow, software technology parks, spokesperson, sq ft, state andhra pradesh, state government, two states