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The allotted land will be used to establish a major TCS development center, with the IT giant committing to invest Rs 1,370 crore in the project
TCS Vizag
In a bid to boost IT investments in Andhra Pradesh, the state cabinet has approved the allotment of 21.16 acres of prime land in Visakhapatnam to Tata Consultancy Services (TCS) at a symbolic price of just 99 paise.
The decision was ratified during a cabinet meeting held at the Secretariat on Tuesday and is part of the government’s broader push to position Visakhapatnam as a key technology hub. The initiative was spearheaded by Minister for IT and Electronics Nara Lokesh, who has been actively courting tech investments into the state.
The allotted land will be used to establish a major TCS development center, with the IT giant committing to invest Rs 1,370 crore in the project. The upcoming facility is expected to create employment for around 12,000 people, significantly boosting local job opportunities and the region’s IT ecosystem.
Lokesh had visited Tata Sons’ headquarters in October last year, making a strong pitch for TCS to expand its presence in Andhra Pradesh. After several months of negotiations and continuous engagement between the state government and the IT giant, the proposal finally received formal cabinet approval this week.
The 99 paise land allotment draws parallels with a similar symbolic gesture made during Prime Minister Narendra Modi’s tenure as Gujarat Chief Minister, when Tata Motors was offered land in Sanand at a nominal rate. That move played a pivotal role in establishing Gujarat as a key manufacturing hub. Andhra Pradesh now seems to be adopting a similar strategy—this time to attract IT investments.
Officials say the move is a clear signal to the tech industry that Andhra Pradesh is committed to building a business-friendly ecosystem. By offering competitive terms and actively courting major players, the state aims to position itself as a top destination for large-scale technology investments.
