Andhra allots 21.16 acres to TCS in Vizag for 99 paise to boost IT hub

The Andhra Pradesh Cabinet on Wednesday allotted 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for a symbolic price of just 99 paise, sources said.

The company is planning to come up with a development centre in the city at an investment of ₹1,370 crore, generating over 12,000 jobs, they said.