Investors seek measures to boost IT exports

September 16, 2013 12:47 pm | Updated June 02, 2016 12:30 pm IST - VISAKHAPATNAM:

Software entrepreneurs from the city have sought a slew of incentives to boost IT exports from Visakhapatnam.

Alleging discrimination against investors in IT and IT-enabled services in the region, Rushikonda IT Park Association said they had been subjected to callous and apathetic attitude of the authorities. RITPA stated that people were migrating to Hyderabad for jobs as investors in Seemandhra were meted out step-motherly treatment.

RITPA president P. Vishnu Kumar Raju and vice-president O. Naresh Kumar said the IT turnover from AP was Rs.64,354 crore with Rs.51,300-crore exports and Rs.13,000 crore in domestic segment. Hyderabad accounted for 97 per cent and rest of the State just clocked three per cent share.

With 13 lakh employed in Hyderabad and only 23,000 people in rest of AP, the need of the hour was to extend incentives. According RITPA, Vizag with Rs.1,445 crore turnover could employ 17,000 people followed by Vijayawada with Rs.115 crore-crore turnover and 2,900 employees, Kakinada Rs. 61 crore with 1,900 employees, Tirupati Rs.7 crore and Warangal Rs.2.8 crore. “This is sorry state of affairs. We urgently need good promotional policies to develop tier-2 cities. Only Hyderabad has grown. Take out Hyderabad and we have only three per cent business,” Mr. Raju and Mr. Kumar said. They regretted that existing policy had failed miserably making Special Economic Zones sick. Most buildings were empty at Rushikonda IT Park necessitating initiatives like allowing ownership in IT SEZ as per new Central Government SEZ policy.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.