Overview

• The Andhra Pradesh Cabinet approved the allotment of 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for a symbolic price of 99 paise.
• TCS plans to invest ₹1,370 crore in a new development centre in Vizag, projected to generate over 12,000 jobs in the region.
• The decision follows months of negotiations, initiated in October 2024 by IT Minister Nara Lokesh during a visit to Tata House.
• This move is part of Andhra Pradesh's broader strategy to attract major investments and strengthen its IT sector, with the State Investment Promotion Board clearing ₹4.71 trillion in investments to date.
• The initiative draws comparisons to Gujarat's landmark 99-paise land allotment to Tata Motors, highlighting competitive state policies to attract industry leaders.