Tata Consultancy Services (TCS) has announced plans to establish a significant IT hub in Visakhapatnam (Vizag), Andhra Pradesh. This new facility is expected to create 10,000 jobs in the region. The announcement was made by Andhra Pradesh's Minister for Human Resources Development, Information Technology, Electronics, and Communication, Nara Lokesh.
This development is a major milestone for Andhra Pradesh as it aims to become a leading destination for IT investments. The state government is committed to offering a favorable investment climate to attract more corporate investments.
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
In August, Indianweb2.com reported that Andhra Pradesh Government and Tata Group were exploring the feasibility of establishing a TCS development centre in Visakhapatnam. The discussions were led by Andhra Pradesh Chief Minister N Chandrababu Naidu and Tata Sons Chairman Natarajan Chandrasekaran.
A 2023 report from Deloitte and NASSCOM highlighted Visakhapatnam as an emerging technology center in India, based on factors such as talent, infrastructure, regulatory environment, startup ecosystem, and quality of life.
It may also be recalled that, last year in October, IT giant Infosys also opened its state-of-the-art development center (DC) in Visakhapatnam, which is spread across 83,750 sq. ft. of area and is aligned with Infosys’ future-ready hybrid workplace strategy.
Beside TCS, Andhra Pradesh has been attracting significant IT investments and projects. In July, the Raheja Group has secured 7.24 acres in the IT SEZ at Rushikonda, Visakhapatnam, to develop an IT park featuring multiple towers.
The Adani Group is developing two data centres in Visakhapatnam with an investment of Rs 21,844 crore.
One project at Madhurawada, managed by Adani Tech Park Private Limited, will create an Integrated Data Center and Business Park, covering 130 acres and generating approximately 35,000 jobs, including 25,000 direct roles.
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