In an exclusive chat with NDTV’s Uma Sudhir, Andhra Pradesh IT Minister Nara Lokesh said just like Prime Minister Narendra Modi had brought Tata Motors to Gujarat, offering land at Re 1, he too has brought Cognizant and TCS by offering the IT majors land at Re 1 and 99 paise, in order to develop the city into a prominent IT hub.
Lokesh said it was in fact an "open offer" to other big tech players, the top 100 IT companies in the world, signaling the state’s intent to become a leading destination for technological advancement. Andhra Pradesh has already allocated 21.31 acres to Cognizant for the development of an IT campus at the nominal lease amount of 99 paise. Cognizant is expected to invest Rs 1582.98 crore and create 8000 jobs in Visakhapatnam. This follows a similar allocation in April, where 21.16 acres were provided to Tata Consultancy Services (TCS) at the same token price, with TCS committing to an investment of Rs 1370 crore and the creation of 12000 jobs.
Emphasizing the people’s mandate, Lokesh asserted that Visakhapatnam had given a clear directive against the previous government’s three-capital plan. He pointed out that the YSRCP failed to win even a single seat in Visakhapatnam, indicating the public’s desire for economic development, which his government is now delivering.
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