Stone to be laid for nine IT firms in Visakhapatnam on December 12

Foundation chromatic is scheduled to beryllium laid for 9 Information Technology companies and their allied units astatine Madhurawada / Rushikonda IT portion areas connected December 12, 2025 (Friday).

The State authorities has allotted a full of 69.97 acres of onshore done the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) astatine a per-acre terms of a minimum of 99 paise and a maximum of ₹4 crore. The full concern by these companies is ₹3,740.31 crore with an estimated employment accidental for 41,967 people, authoritative sources person said.

“Chief Minister N. Chandrababu Naidu and IT Minister N. Lokesh volition participate. Cognizant Technology Solutions Private Limited has been allotted 22.19 acres successful Madhurawada astatine 99 paise per acre. It is expected to make 8,000 jobs with a projected concern of ₹1,582.98 crore. Similarly, Samvardhana Motherson International Limited has been allotted 3.55 acres for 99 paise per acre astatine Kapuluppada. This is expected to make 700 jobs with a projected concern of ₹109.73 crore,” an APIIC authoritative told The Hindu connected December 11, 2025 (Thursday).

Sattva Developers Private Limited has been allotted 30 acres connected Hill No. 4 successful Madhurawada for ₹1.5 crore per acre. It volition put ₹1,500 crore and make 25,000 jobs. Imaginnovate Techsolutions (India) Private Limited has been fixed 4.05 acres astatine Kapuluppada for ₹2 crore per acre. It is expected to make 2,600 jobs and its projected concern is ₹140 crore.

Quarks Technosoft Private Limited has been allotted 4 acres astatine Kapuluppada for ₹1 crore per acre to make 2,000 jobs. It is investing ₹115 crore. FluentGrid Limited has acquired 3.3 acres astatine a outgo of ₹2 crore per acre to make 2,000 jobs. Its volition put ₹150 crore. Sree Tech Tammina has purchased 0.81 acres astatine Madhurawada astatine the complaint of ₹4 crore per acre. It volition beryllium investing ₹62 crore and make 500 jobs.

Nonrel Technologies Pvt. Ltd has purchased 1 acre of onshore successful Madhurawada for ₹4 crore per acre. It is investing ₹50.6 crore and is expected to make 567 jobs. Similarly, ACN Healthcare RCM Services Pvt. Ltd has purchased 1.07 acres for ₹4 crore per acre successful Madhurawada. It volition beryllium investing ₹30 crore and is expected to make employment for 600 people.