Andhra Pradesh Information Technology (IT) & Global Capability Centers (GCC) Policy (4.0) 2024 - 2029
The policy targets IT firms, Global Capability Centers (GCCs), and workspace developers to boost employment and infrastructure in Andhra Pradesh. Key incentives include a 50% capital subsidy on capex, rental subsidies up to 24 months, job creation subsidies up to ₹3 Lakh per employee, and power tariff discounts of ₹1/unit. Benefits are performance-linked and valid for a 5-year operative period.
Key Summary
- Ministry / Authority
- Information Technology, Electronics & Communications (Promotion Wing) Department, Government of Andhra Pradesh
- Incentive Type
- Composite state package (capital/rental subsidy + job creation & employee incentives + power concessions + early bird benefits)
- Incentive Rate
- Capital subsidy 50% of capex (max ₹1,000–2,000/sq.ft); Rental subsidy ₹1,000–2,000/seat (6–24 months); Job creation subsidy up to ₹1.5–3.0 Lakh/employee; Power tariff discount ₹1/unit (5 yrs); Employee HRA/Education allowance up to ₹1 Lakh/yr (3 yrs)
- Min. Investment
- —
- Application Deadline
- Open
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