Andhra Pradesh Allocates Concessional Land to Accenture & Infosys to Boost IT Investment

The Government of Andhra Pradesh is set to allot land to global IT leaders Accenture and Infosys for a nominal consideration of 99 paise. This strategic initiative is part of the state's LIFT (Location for IT Framework and Technology) Policy 4.0, aimed at accelerating technology-led job creation. Key Investment Highlights: Major Investment: Accenture and Infosys are expected to make a combined investment of approximately ₹2,000 crore to establish new development centres in the state. Policy Framework: The allotment is executed under the LIFT Policy 4.0, which is designed to promote IT infrastructure and employment in tier-2 cities across Andhra Pradesh. Strategic Precedent: This move is consistent with the state's established pro-investment stance, following previous concessional land allocations to other IT majors, TCS (in Adibatla) and Cognizant (in Visakhapatnam), to expand their operations. Strategic Outlook for Investors: This decision signals Andhra Pradesh's aggressive strategy to solidify its position as a major IT investment destination in South India. By providing significant policy incentives to attract top-tier global companies, the government is actively fostering a competitive IT ecosystem, which is expected to drive regional economic growth and create a large-scale, skilled employment base.