Special After TCS and Cognizant, Andhra Pradesh to allot land to Accenture and Infosys at 99 paise

The Andhra Pradesh government is set to expand its IT expansion drive with plans to provide land to Accenture and Infosys at a token amount of 99 paise, sources said. CNBC-TV18.

According to sources, both the companies may soon announce plans to set up development centers in the state. The total investment by Accenture and Infosys is likely to be around ₹2,000 crore.

The state will incentivize two IT majors under its LIFT (IT Framework and Location for Technology) policy 4.0, which aims to boost technology-based job creation in tier-II cities.

The move follows earlier allotments to TCS and Cognizant, which have already received land parcels at concessional rates in the state to expand their operations.

As CNBC-TV18 previously reported, TCS had announced plans for a new facility in Adibatla, while Cognizant was allotted land in Visakhapatnam for a technology and distribution centre, expected to employ thousands of people.

Officials said the latest round of approvals signals Andhra Pradesh’s intention to establish itself as a major IT investment destination in south India, with incentives designed to attract top-tier global players.

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