Govt policies must adapt to changing circumstances: Chandrababu Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday said the government policies must adapt to changing circumstances.

He made this remarks during his meeting with the State Investment Promotion Board.

"The government policies must adapt to changing circumstances. The IT sector should be corruption-free, and decision-making must have no delay. Large investments are expected in the next 15 years. The companies are focused on advanced technologies such as artificial intelligence and robot technology," Naidu said.

The Chief Minister further added, "AP too, has been focusing on IT and Internet of Things. Recently, there were large scale events held to discuss and promote Fintech, Agri-tech and education in the state."

He said that IT should be a subject in all colleges of the state, and foster innovation and integration with other professions like education, agriculture and medicine.

Minister of Information Technology Nara Lokesh said that a large number of companies from the electronic industry are attracted to invest in AP for the Silicon Corridor.

"In the upcoming Partnership Summit, we are sure to get many MoUs confirmed and signed", he said.

A government official said that an MoU has already been signed with Google X, and the software company, Zoho, will launch its establishment in Tirupati in January. Franklin Templeton, a global investment firm, has been keen to partner with AP and has agreed to start development centre in Visakhapatnam.

He further added that electronics manufacturing company Flextronics is ready to invest in AP.