Overview
- The state approved a ₹22,002-crore package for Raiden Infotech, including a 25% land cost discount, a 10% capital subsidy capped at ₹2,129 crore, full stamp duty and registration exemptions, SGST reimbursements, a ₹1/unit power tariff subsidy, and long-term electricity and water concessions.
- APIIC earmarked 480 acres across Adavivaram, Mudasarlova, Tarluvada and Rambilli, with up to 15 acres reserved for a subsea cable landing station to link into Google’s global network.
- The ₹87,520-crore project targets more than 1,000 MW of advanced data-centre capacity, paired with large-scale energy buildout and expanded fibre connectivity in and around Visakhapatnam.
- Reports cite projections of roughly 6,000 direct and 30,000 indirect jobs for the region, alongside significant recurring state revenue once operations scale.
- The approval prompted political crossfire in Tamil Nadu, where AIADMK leaders accused the DMK of losing the project, while Andhra minister Nara Lokesh responded with the message “He chose Bharat.”