Vizag Rising: Andhra Pradesh Lures IT Giants with 99 Paisa Land Deals

In a bold and strategic move to transform Visakhapatnam into a leading IT hub, the Andhra Pradesh Government is offering prime land to major tech companies for just 99 paisa per acre—and the results are beginning to show.

A few months ago, Tata Consultancy Services (TCS) was allotted 21 acres of land in Vizag at this symbolic rate to establish a state-of-the-art IT campus. Now, Cognizant is the latest to join the wave, securing land at the same nominal cost to set up its own facility in the city.

A Game-Changer for the Local Economy

This isn’t just about real estate—it’s about vision. The upcoming Cognizant campus is expected to generate around 8,000 jobs, injecting new energy into the region’s employment market and positioning Vizag as a serious player in the tech sector.

By dramatically reducing entry barriers for global IT firms, the state government is clearly sending a message: Andhra Pradesh is open for innovation, investment, and inclusive growth.

A Smart Investment or a Risky Bet?

While some applaud the government’s aggressive incentives as visionary and future-focused, others raise concerns about long-term land value and the accountability of corporate promises. Can symbolic land prices ensure real socio-economic returns? That remains to be seen—but for now, the influx of tech giants and job creation is difficult to ignore.

The Bigger Picture

With growing infrastructure, a skilled workforce, and strong political will, Visakhapatnam is on track to become the next big tech corridor in South India. The 99 paisa land deals are more than a talking point—they're part of a calculated strategy to disrupt the traditional IT city narrative.

As more companies consider shifting operations away from over-saturated metros, Vizag’s appeal—bolstered by government support—only continues to rise.