Andhra Pradesh Attracts ₹2000 Cr Tech Giants: Infosys & Accenture To Build Mega Development Centres! Huge Land Deal Revealed!

Tech

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Updated on 13 Nov 2025, 11:36 am

Infosys and Accenture are poised to expand their operations in India by setting up new development centers in Andhra Pradesh. The Andhra Pradesh government is actively encouraging these investments through substantial incentives, notably offering land for these facilities at a token price of just Rs 0.99. This strategic move is expected to see a combined investment of Rs 2,000 crore from the two leading technology firms. Chief Minister N Chandrababu Naidu highlighted Andhra Pradesh's commitment to facilitating business, emphasizing its potential as a global market gateway. The state has also recently signed MoUs with Taiwanese companies Allegiance Group and Creative Sensor Inc for investments totaling Rs 18,400 crore, aiming to create substantial employment opportunities.

Impact: This news is positive for the Indian technology sector and Andhra Pradesh's economic development, promising job creation and increased foreign investment. It reinforces the state's attractiveness for large-scale industrial projects. Rating: 7/10.

Difficult Terms: Development Centres: Facilities where companies design, develop, and test new products or software. Incentives: Benefits or support offered by the government to encourage certain activities, like investment. Token Price: A very nominal or symbolic price, much lower than the actual market value. MoUs (Memorandums of Understanding): Formal agreements between parties to cooperate on a project or initiative.