Speaking on the occasion, Rao promised a hassle-free and corruption-free environment in doing business in the state.
Along with IT policy, policies on innovation, electronics, image (animation and others) and rural technology centres were also launched.
Telangana and Andhra Pradesh Governor E S L Narasimhan, Infosys Co-founder N R Narayana Murthy, T V Mohandas Pai and Niti Ayog member V K Saraswat were among those present at the event.