IT Minister Nara Lokesh with representatives of Yash Technologies in Hyderabad on Friday
Amaravati: IT minister Nara Lokesh met with representatives of Yash Technologies, an IT service management company, in Hyderabad on Friday and invited them to invest in Andhra Pradesh.
Reacting to his proposal, the representatives of Yash Technologies expressed willingness to establish their unit in AP and stated that they will come up with a project report. The company initially will create employment to 1,000 in the first year and about 5,000 within next three years.
The Yash Technologies has been working on cloud services, data analytics and sciences, system integration, testing and other services. Lokesh informed the company representatives that the State government has been establishing an Information Technology Park (IT Park) in Anantapur district in an extent of 1,000 acres on the lines of IT park in Cyberabad in Telangana, explained Lokesh with the delegates of Yash Technologies during the meeting.
He said international companies like Kia Motors, Apollo, HCL and others have been establishing their units in the state. The state government has been promoting industries in a big way and giving incentives to new IT and other companies, he explained.
Lokesh assured that the government will support Yash Technologies to establish its unit in AP and giving clearances in a speedy manner, allocating required land and other incentives. Meanwhile, Lokesh’s office informed that he would launch 8 new IT related companies in Tirupati on January 13.