Overview

• Officials laid the stone for Sify’s two‑phase, 50‑MW AI‑powered edge data centre and open cable landing station at Rushikonda, a Rs 1,500 crore project on 3.6 acres.
• Nara Lokesh said TCS will begin operations in Visakhapatnam in November, with Cognizant executives expected next month and a possible foundation in December, and he flagged a forthcoming meeting with Google that could yield an announcement.
• The government reiterated that about $120 billion in investment agreements have been signed since taking office, with roughly half targeted to the Greater Visakhapatnam Economic Region, and it highlighted the CII Partnership Summit on November 14–15 as an investment platform.
• Lokesh directed 30‑year master plans, shovel‑ready land banks for IT parks, and transport upgrades to avoid congestion seen in larger metros, calling for mission‑mode execution across North Andhra districts.
• Concessional land allotments, including a nominal‑price grant to TCS, have drawn criticism and court challenges, even as the minister pressed goals to make Visakhapatnam the financial capital with 20 lakh jobs statewide and 5 lakh IT jobs in the city by 2047.