On Tuesday, the Andhra Pradesh cabinet approved the allocation of 21.16 hectares of soil (TCS) in Visakhapatnam for a token price of 99 Paise.
Tech Major plans to invest £1 370 crore in the proposed soil, IT HILL NUMBER 3 to set up a campus IT, which is expected to generate 12,000 jobs.
“The Cabinet approved the allocation of 21.16 acres of TCS soil in Visakhapatnam IT Hill number 3 to set up an IT campus to generate 12,000 jobs,” PTI said, quoting the statement.
“This is our moment Sanand for the IT sector,” News Portal MoneyControl said with a government official.
This development comes after IT Minister Nara Loksh visited Tata headquarters in Mumbai in October 2024 and urged the automaker to invest in the state.
Other Cabinet Designs
In addition, the cabinet nodded at the design by Mahamaya Industries Limited to expand its steel plant in Vizianagararam. In Nadimpal from Pattadumandal in the Guntur district, he assigned 6.35 hectares (State Insurance Corporation employees). This country will be provided either free of charge or at a nominal price for the purpose of setting up 100-bed hospitals and residential areas for employees.
Almost 30 acres of soil on IS Raghavapuram in Dwaraka Tirumal Mandal from the Eluru district was assigned SRI Lakshmi Zarasimha Swamy Swamy without cost.
The proposal for the founding of industrial parks was approved by the allocation of 87.56 acres in the village of Krishnapatnam and 220.81 acres in the village of Neuatura in Muthurku Mandal in the Nellore district on the APIIC (Andhra Pradesh Industrial Infrastructure Corporation).
The Cabinet agreed to the proposal of the industry and the business department, which was shown on April 9 to improve the finances and credibility of the Ministry and Andhra Pradesh Mineral Development Corporation (APMDC).
Cabinet also cleaned bond issuing £9 000 crore. Proposal to issue a letter of approval of the lowest offers for building the building of the Assembly at the address £617 crore and the High Court building on £786 Crore was one of the decisions approved by Andhra Pradesh.
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