Скачать или смотреть AP allots 21 acres for TCS in Visakhapatnam for 99 paise

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The Andhra Pradesh government has approved leasing 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for just 99 paise, enabling the company to set up an IT campus on IT Hill Number 3 with an investment of ₹1,370 crore.
The project is expected to generate around 12,000 jobs, supporting the state’s vision to develop Visakhapatnam into a major tech hub.
The proposal was first initiated by IT Minister Nara Lokesh during his visit to TCS headquarters in Mumbai in October 2024.
Additionally, the Cabinet cleared the allotment of 87.56 acres in Krishnapatnam and 220.81 acres in Nelaturu for industrial parks.
It also approved the issuance of ₹9000 crore worth of bonds to strengthen state corporations, and sanctioned bids for the new Assembly and High Court buildings at ₹617 crore and ₹786 crore respectively.