North India Statesman
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News India Live, Digital Desk: It Company: Nowadays, we listen to the news of tax on the biggest deal and the price of thousands of crores of crores, but if we tell you that a veteran company that does billions and trillions of business is just a state government. 99 paise I have given 21 acres of land? Yes, you read it right! This news is true and this big decision has been taken by the YS Jagan Mohan Reddy government of Andhra Pradesh, which has taken this ‘unprecedented’ step to bring huge investment in the state and create a bumper opportunity of employment.
This ‘super cheap’ deal has created a stir in the entire business world. This decision shows how much the Andhra Pradesh government wants to promote technology and industry in the state. Its main objective is to create job opportunities for the youth and to establish Andhra Pradesh as the country’s new IT HUB.
Earlier, such a case came to light when another prestigious IT company like Tata Consultancy Services (TCS) was leased by the Andhra government on lease for just 99 paise. Now on the same lines, 3,37,817,943,6810 rupees (Ie this very big company doing business of more than Rs 337 lakh crore), total in the capital Amravati 21 acres The land has been given for just 99 paise. This land is leased on a very nominal rent (about 99 paise).
What will be the benefit of this?
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Investment storm: With such cheap land, big companies will get a huge incentive to invest in Andhra Pradesh.
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Employment Ocean: The arrival of these companies will create millions of new employment opportunities directly and indirectly, especially for the youth.
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Technology hub will become state: This step will make Andhra Pradesh a major center of software development, IT and digital services, which will give a new height to the state’s economy.
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Modern Infrastructure: The arrival of companies will also promote infrastructure, road connectivity and urban development in that area.
It is considered to be a masterstruk of the Andhra Pradesh government, which will create a business friendly atmosphere in the state and will attract companies and investors on a large scale. This ‘deal’ clearly states how serious and creative the state government is about its development agenda.
