AP plans to build infra for three IT concept cities
According to Amarnath, the concept cities will offer speedy execution and cost reductions for the IT industry. Quick approvals will reduce the time needed to start operations, and there will be seamless connectivity to airports and highways. The availability of skilled manpower will be ensured, and world-class IT-driven common and social infrastructure will be provided, along with plug-and-play IT office space and coworking spaces.
The state also boasts a cost structure trend that is 20-25% lower operating costs, with a 5% average difference in challenger and aspirant cities. Amarnath claimed that the state's IT policy is futuristic, with provisions for employment incentives, power tariffs, transport subsidies, work-from-home incentives, quality certification, and start-up ecosystem development.