Chandrababu Naidu always had the reputation of being a high-tech CM, with a great affinity towards technology and now; he’s done it again. Under his rule, Andhra Pradesh is all set to become a hub of Internet of Things (IoT).
The decision was made by the Cabinet on Wednesday, in a first-of-its-kind policy with the prime objective of turning the state into an IoT Hub by 2020 and achieve a sizeable share (at least 10 percent) in its market in the country.
The state government has planned to promote setting up of 10 IoT hubs with an active participation of the private sector and create 50,000 direct employment in different IoT verticals; with a total worth of $15 Billion by 2020.
“Our aim is to attract at least 100 IoT companies/ entities to set up their operations and development centres in AP. We want to create a world-class ecosystem through the proposed hubs for the growth of IoT entities,” said Palle Raghunadha Reddy, the Minister for Information Technology.
“We want to position AP as the IoT Hub in the country and accordingly approved the IoT Policy 2016-20 to grab a market share of $15 billion by 2020. We will develop state-of-the-art IoT infrastructure both physical and technical that matches to international standards in all major towns of the state,” the IT Minister added.
Research and Development, lab/assembly/systems integration, device and hardware manufacturing, software applications and analytics have been identified as different IoT segments.
Mr. Raghunatha Reddy also added, “Incentives, both financial and non-financial, would be extended to eligible companies and would be granted by the Consultative Committee of IT Industry.”
The Information Technology, Electronics and Communication Department would soon issue operational guidelines for implementing the IoT Policy.