Dallas Technology Centre (DTC) is progressing with plans to lease part of its premises in Madhurawada IT SEZ to Tata Consultancy Services (TCS). The Andhra Pradesh government has approved a proposal for DTC to sub-lease its space to TCS, with additional provisions to facilitate the IT giant’s operations in the region.
The company has submitted requests for an occupancy certificate, permission to sub-lease the premises, and an additional 1,600 sqm of space at the original rate of Rs 6,720 per sqm. DTC, which was allocated Plot No A in Rushikonda measuring 7,774.90 sqm in 2016, aims to meet the growing space requirements of TCS, which plans to employ 2,000 IT professionals in the first phase of its operations. The current building plan, comprising four floors, accommodates 1,400 employees, prompting the need for extra space. The additional 1,600 sqm will be used to expand the facility to accommodate more workers.
The State Investment Promotion Board (SIPB) reviewed the proposal and, after the State Investment Promotion Committee (SIPC) meeting on November 16, recommended a special package for DTC’s request. The Andhra Pradesh government has now directed various relevant departments to expedite the project’s implementation. This includes departments related to infrastructure, industry, power, and finance, ensuring that DTC and TCS can swiftly establish operations in the growing tech hub of Visakhapatnam. With approvals in place, DTC and TCS are set to contribute to the region’s IT landscape, bringing in more job opportunities and furthering Visakhapatnam’s reputation as a key IT destination in the state.
