Rs 750 cr Infy campus in Vizag gets 20 acres at Rs19.8

Visakhapatnam: The Andhra Pradesh government has, in principle, approved allotment of 20 acres to Infosys at a token price of 99 paise per acre—amounting to just Rs19.8—for setting up a permanent software development centre in Visakhapatnam’s Yendada area.

The proposal was cleared at a State Investment Promotion Board meeting chaired by Chief Minister N. Chandrababu Naidu and will be placed before the Cabinet on April 10.

The allotment falls under Andhra Pradesh’s Land Incentive for Tech Hubs (LIFT) Policy 2024–29, which offers land at nominal lease rates to attract top-tier IT/ITeS firms and Global Capability Centres (GCCs). The policy aims to fast-track investments, with conditions such as initiating construction within six months and generating at least 3,000 jobs in three years.

Sources said Infosys plans to invest around Rs750 crore in the Vizag campus. The company currently operates from a rented facility at Rushikonda Hills and has committed to creating 3,000 jobs by 2030 and an additional 4,000 by 2037.

The initiative is part of a broader push led by IT Minister Nara Lokesh to position Visakhapatnam as a major hub for cloud, data centres, and advanced technologies. Several global firms are showing interest. Accenture has sought 10 acres for a campus, while Capgemini is exploring a 20-acre facility focused on AI, cloud computing, and cybersecurity, with potential to generate up to 20,000 jobs. Meanwhile, large-scale investments in data infrastructure are also underway, with Google partnering with Adani Group and Airtel on a $15 billion AI-driven data centre and renewable energy project in the region.