IT sector to come under ESMA

Bill to amend ESMA to be introduced in the current Assembly session’

Tech platform:Minister for Information Technology Komatireddy Venkat Reddy at 18

HYDERABAD: The stage has been set to bring Information Technology and IT Enabled Services (ITES) sectors under the Essential Services Maintenance Act, Minister for Information Technology, Komatireddy Venkat Reddy said here on Friday.

Speaking to reporters on the sidelines of the 18 {+t} {+h} annual awards and software products showcase Expo and annual conference of IT and ITES Industry Association of AP (ITsAP), he indicated that a Bill to amend ESMA would be introduced in the current Assembly session. The amendment was necessary to spare the IT industry from disruption to their mission critical applications during agitations, he said.

Reiterating the government’s commitment to create investment and business friendly environment in the State, he said exemption of IT units, particularly small and medium enterprises from power cuts would also be considered. A task force was already in place to provide security to the IT sector.

Andhra Pradesh was the first State to send Information Technology and Investment Region proposal in an area of 202 sq.km for development of infrastructure and generate a revenue of 3.10 lakh crore and 15 lakh direct and 53 lakh indirect employment by 2035, he said.

Mr. Reddy invited suggestions from industry captains for inclusion in the new five-year IT Policy to be ready by June. He made it clear that action would be initiated against companies who sought land for IT Special Economic Zones but used it for other purposes.

Mr. B.V. R. Mohan Reddy, Chairman and Managing Director, Infotech Enterprises, said it was a proud moment for founders of HYSEA, as from a small beginning, the IT industry was now worth Rs.32,000 crore. It was time IT industry re-positioned itself by promoting inclusive growth, giving incentives to small and medium enterprises, focusing on product innovation and taking the IT sector to tier two cities and semi-urban areas.

Mr. M. Narasimha Rao, ITsAP president, said with return of positive environment, IT industry was expecting 15 per cent growth next year.

He said the two-day event was aimed at giving a platform to State-based software product companies, including those from two-tier cities, to showcase their products. Over 110 nominations, the highest ever, were received for product showcase, he added.

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