The decision was taken during a meeting between Lokesh and Tata Sons Chairman Natarajan Chandrasekharan in Mumbai on 8 October.
Published Oct 09, 2024 | 8:45 PM ⚊ Updated Oct 09, 2024 | 8:45 PM
Lokesh Nara. (X)
In what is being seen as a major milestone in the Information Technology (IT) sector in Andhra Pradesh, Minister for IT, Communications and Human Resouces Development Nara Lokesh said on Wednesday, 9 October, that Tata Consultancy Services (TCS) has finalised its plan to set up a facility in Visakhapatnam.
The new facility is expected to have 10,000 employees. The decision was taken during a meeting between Lokesh and Tata Sons Chairman, Natarajan Chandrasekharan, in Mumbai on 8 October.
It comes close on the heels of a similar announcement made by IT major HCL Technologies that it would set up a development centre in Visakhapatnam.
“I’m happy to announce the development of an IT facility by Tata Consultancy Services Ltd in Vizag that will house 10,000 employees. We are committed to offering best-in-class investment climate to corporates driven by our motto of speed of doing business. This investment by the TCS is an important milestone as we work to make AP as India’s No:1 state to do business,” Lokesh said on X on Wednesday.
I’m happy to announce the development of a IT facility by the Tata Consultancy Services Ltd. in Vizag that will house 10,000 employees. We are committed to offering best-in-class investment climate to corporates driven by our motto of ‘speed of doing business’. This investment by…
— Lokesh Nara (@naralokesh) October 9, 2024
On Tuesday, he released a teaser regarding the announcement.
Visakhapatnam is expected to transform into a major IT hub of Andhra Pradesh, rivalling Hyderabad in neighbouring Telangana. Recently, Lulu Group, Brookfield, Oberoi and Suzlon Energy made announcements of investments in the port city.
After the TCS sets up its facility, Andhra Pradesh is expected to become a very hot destination for investments, an official press release said on Wednesday.
Moreover, Chief Minister N Chandrababu Naidu, during his recent visit to Delhi, had obtained consent from the Union government to speed up several mega projects for the state including Bharat Petroleum Corporation Limited (BPCL) ₹60,000 crore petrochemical complex and a green hydrogen project in Visakhapatnam with an investment of ₹1 lakh crore.
It is going to be set up by the National Hydroelectric Power Corporation (NHPC) in collaboration with Andhra Pradesh Power Generation Corporation Limited (APGENCO).
The petrochemical project’s location is still being finalised. They are looking at four places in the state — Mulapadu (Srikakulam), Machilipaptnam (Krishna), Ramayapatnam and Krishnapatnam (both Nellore).
(Edited by Muhammed Fazil)
