The Andhra Pradesh government has reportedly allotted 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for a symbolic price of just 99 paise. The proposal is expected to be cleared in the upcoming Cabinet meeting on April 15. The land allotment is part of the government's broader strategy to develop Visakhapatnam (Vizag) into a major technology hub. State IT Minister Nara Lokesh had earlier urged the tech giant to consider Andhra Pradesh for its next large-scale IT campus.
Andhra Pradesh-TCS deal
The tech major plans to invest ₹1,370 crores in the proposed land, IT Hill Number 3, to set up an IT campus that is expected to generate 12,000 jobs.
"Cabinet approved the allocation of 21.16 acres of land to TCS at Visakhapatnam IT Hill Number 3 for setting up an IT campus to generate 12,000 jobs," reported PTI, citing a statement.
Andhra government tech push
Additionally, the Cabinet gave an approval to a proposal from Mahamaya Industries Limited to expand its steel plant in Vizianagaram. It allocated 6.35 acres at Nadimpalem of Pattipadumandal in Guntur district to ESIC (Employees State Insurance Corporation). This land will be either given for free or at a nominal price to establish a 100-bed hospital and residential quarters for employees.
Nearly 30 acres of land at IS Raghavapuram in the Dwaraka Tirumala mandal of Eluru district was allotted to Sri Lakshmi Narasimha Swamy temple free of cost.
Another proposal to establish industrial parks has been approved with the allocation of 87.56 acres at Krishnapatnam village and 220.81 acres at Nelaturu village of Muthukur mandal in Nellore district to the APIIC (Andhra Pradesh Industrial Infrastructure Corporation).
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