Andhra HC backs land allotment to Cognizant at Rs 0.99 per acre in Visakhapatnam

VIJAYAWADA: The High Court has backed the State government’s initiative to develop Visakhapatnam into a major IT hub, emphasising that offering incentives to attract leading companies is vital to prevent them from shifting operations to cities like Hyderabad and Bengaluru.

The court observed that land allotments at nominal rates should not be viewed narrowly, as they bring long-term benefits such as employment generation and increased revenue for the State.