Andhra Pradesh releases the Andhra Pradesh Information Technology (IT) & Global Capability Centers (GCC) Policy (4.0), 2024 -2029, aiming to develop Visakhapatnam as a global information technology destination. Key objectives of the policy include attracting top IT companies to set up campuses and innovation hubs with state-of-the-art facilities and reliable high-speed internet by providing subsidies and simplifying regulatory processes.