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Andhra Pradesh leases land to TCS for 99 paise per acre, aiming to create 12,000 tech jobs.
Andhra Pradesh's cabinet has approved leasing 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for just 99 paise per acre.
TCS plans to invest ₹1,370 crore to establish an IT campus, expected to create 12,000 jobs.
This move reflects the state's strategy to attract major tech investments and develop Visakhapatnam as a technology hub, similar to a previous initiative in Gujarat.
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Andhra Pradesh arrenda tierras a TCS por 99 paise por acre, con el objetivo de crear 12,000 empleos tecnológicos.